The number of people who use mobiles for banking services has increased from 41% to 47% in 2015, according to an annual survey by ING. Furthermore, this increase is expected to continue in the future as just under two-thirds of European respondents (63%) expect to use mobile banking in the next 12 months.
Barclays is adding a fourth product to its bPay contactless range, which will turn watches or fitness bands into a contactless way to pay.
So many of you have done 'How well do you know payment acronyms?' that we absolutely had to do a follow up! You know what NFC, HCE and RFID stand for, but what about VbV, FinCEN and more? Take our second acronyms quiz and find out whether you're the king of the acronyms!
Nets, the payments provider in the Nordic region, is working with Danish banking collective, the BOKIS partnership, to launch a new NFC mobile wallet solution powered by its HCE and tokenisation platform.
On June 29th, 1966, Barclaycard launched the first ever credit card, 50 years later, over half of the UK's population owns a credit card and monthly spend exceeds £15 billion. Today £1 in every £3 spent goes through Barclaycard, with 4.6 billion transactions processed in the UK last year.
Aldi France has teamed up with Verifone in a partnership that will see the latter provide Group Aldi's 900 French stores with 3,200 payment devices designed to accept all cashless payments including contactless and mobile wallets.
Following the predictions made by the British public that include the UK becoming a cashless society within the next two decades and clothes being connected to the internet, this infographic from Wirecard and Statista takes a detailed look at the rise of the Internet of Things from various angles and tracks the increasing amount of cashless transactions being made.
A new study commissioned by London & Partners, the Mayor of London’s promotional company, found that the majority of Londoners believe the UK will be cashless by 2036.
The infographic below from the team over at iATS Payments looks at the future of cash donations and nonprofit market growth.
Welcome to our weekly round-up of all the latest news and research from the world of payments.
By Shari Krikorian, senior vice president, Mastercard
