Half of US adults now use mobile banking, with the number of users increasing by 29m since last year, research released by Javelin reveals... More
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Barclaycard reports on HCE service take-up
More than one in 10 (13%) of those using Barclaycard’s host card emulation (HCE) mobile payment service are over 50 years old, while 10% are aged under 25, Barclaycard has revealed... More
UK contactless spending totalled £1.5bn in March 2016
UK contactless payments in March totalled £1.5bn (US$2.19bn), The UK Cards Association has revealed, four months after monthly contactless spending hit £1bn in November 2015... More
Barclaycard sees surge in ‘silver spenders’ using contactless
The number of UK consumers aged over 60 using contactless payments has risen by 116% in the last 12 months, research from Barclaycard reveals... More
Europeans make 3bn Visa contactless payments in past 12 months
Some 3bn contactless transactions have been made across Europe using Visa cards in the past 12 months, nearly tripling the number made in the previous 12-month period, Visa Europe has revealed. More
Australian digital payments to reach nearly A$1.9bn by 2020
Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts... More
Contactless on the rise in the Netherlands
Some 15m contactless cards were in circulation in the Netherlands in 2015, equivalent to 45.5% of all payment cards, according to research from Timetric... More
UK contactless transactions hit 60 per second
More than 60 contactless transactions took place every second across the UK during the month of February, The UK Cards Association reveals... More
A quarter of Brits have made an in-store mobile payment
Almost a quarter of UK adults (24%) have used their mobile phone to make an in-store mobile payment and 12% do so on a regular basis, the Prepaid International Forum (PIF) reports... More
More than half of payment cards shipped in 2015 were contactless
Contactless technology was built into 56% of all smart cards shipped globally excluding the Americas in 2015, up from 42% in 2014, the Smart Payment Association reports... More
Apple Pay gets 1m new users every week
Apple Pay is now signing up 1m new users per week, Apple CEO Tim Cook revealed during the company’s second quarter earnings call... More
NFC SIM shipment remains static in 2015 due to Softcard closure
The global number of NFC SIM card shipments remained static during 2015 following the closure of the Softcard mobile wallet in the US last year, the SIMalliance has revealed, despite reporting significant NFC SIM growth across Asia and Europe. More
Nearly one in four payments at US Starbucks made via mobile
Mobile payments now account for 24% of all transactions across Starbucks’ US locations, the company’s president and COO Kevin Johnson has revealed, with an average of 8m transactions per month taking place through the coffee chain’s Mobile Order & Pay service. More
42% of UK mobile users don’t trust NFC mobile payments
More than four in ten mobile users in the UK (42%) feel that NFC mobile payments are not secure, research from Ofcom reveals... More
Mobile payments will overtake cards and cash by 2025, says UK retailer
UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month. More
Bank of America reports on mobile banking
Bank of America added 910,000 new mobile banking users during the first quarter of 2016, resulting in a total of almost 20m active users, CEO Brian Moynihan revealed during the bank’s Q1 earning results... More
Tencent reports major increase in mobile payment users
Chinese internet giant Tencent has reported that the number of monthly active users (MAU) of its mobile payments services has increased by seven times over the last year... More
Nearly half of top marketers plan to invest in NFC in 2016
Close to half (46%) of the top marketers surveyed for a new location-based marketing report say they plan to invest in NFC this year. 41% plan to invest in Bluetooth beacons, 63% in WiFi and 57% in GPS. More
More than 100m people will make an NFC mobile payment in 2016
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021. More
Samsung Pay records net loss of US$16.8m in 2015
Samsung Pay has recorded a net loss of US$16.8m since the mobile payment service was unveiled in March 2015, despite attracting approximately five million users in South Korea and the US in its first six months... More