Apple Pay is expanding at a ‘tremendous rate’ says Apple CEO
Among the less than positive news such as declining iPhone sales and more significantly, declining revenue for first time in over a decade, Tim Cook was very upbeat about Apple Pay.
Among the less than positive news such as declining iPhone sales and more significantly, declining revenue for first time in over a decade, Tim Cook was very upbeat about Apple Pay.
Visa looks to be making the most of the glorious payments opportunity presented by the 2016 Olympics in Rio by planning to launch 4,000 POS terminals and introduce new wearable and mobile payment methods.
The Alibaba affiliate Ant Financial, which runs Alipay, the largest payment online payments service in China, has confirmed reports suggesting it closed a private fundraising round worth $4.5 billion. The company is now valued at $60 billion, just two shy of Uber.
A few weeks ago we covered the ongoing adoption of EMV cards in the US and whether the big obstacles of cost, education and complexity were sufficiently addressed. It looks like this week Visa has released an update that could make using Chip cards in the States way more convenient.
Following on from last week's discussion about the future of cash, research from Barclaycard shows that contactless transactions increased by 164% in value and 135% in volume last year alone compared with 2014 and that its popularity will only continue to rise as more and more UK cities embrace technological innovations.
MC10, Inc. is a healthcare technology company specializing in stretchable body-worn computing systems has partnered with PCH, which designs custom product solutions for startups and Fortune 500 companies, on creating tattoo-like wearable patches that can make cashless payments.
A new report by the supermarket chain, which has 2,800 stores and almost 12,000 contactless paypoints, is predicting that mobile payments will lead the contactless charge and account for 65% of all transactions by 2025.
Earlier this month Barclays entered a commercial relationship with blockchain-based social payments service Circle, proving itself to be one of the more hands on traditional banks when it comes to supporting and working with the fintech startup space
Nets, the payments provider in the Nordic region, has partnered with Japanese payments scheme, on bringing mobile payments to the Danish nation debit card, Dankort.
The sight of a person throwing their arms in the air as they realise they didn't bring enough cash with them to the bar at a festival may soon be relegated to the past as the number of cashless transactions being made at festivals this year could hit seven million, according to Festipay, a cashless service provider.
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