Almost two thirds of US consumers (62%) expect the country to become a cashless society in their lifetime, research released by Gallup reveals... More
Research
BBA reports UK contactless increase
The annual use of contactless cards across the UK has risen 250%, with £1.1bn spent in March 2016 alone, research released by the British Bankers Association (BBA) reveals... More
Visa reports EMV uptake in the US
There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported... More
More than half of Irish consumers now using contactless
More than half of Irish debit and credit card owners (54%) are using contactless payments when purchasing goods and services, research released by payment technology provider BOI Payment Acceptance (BOIPA) reveals, with the average contactless payment standing at €11.33. More
Europeans keen to use biometric authentication for payments, says Visa
More than two thirds (68%) of European consumers want to use biometrics as a method of payment authentication, research from Visa reveals, and 73% see two-factor authentication as a secure way to confirm an account holder’s identity. More
Survey reveals Samsung Pay tops satisfaction list in US
Apple Pay captures the greatest proportion of eligible users in the US with 33%, followed by Samsung Pay with 23%, research released by Auriemma Consulting Group (ACG) reveals. However, Samsung Pay users report higher satisfaction levels and fewer issues at the point of sale compared to Apple Pay users, with near equal proportions recommending both mobile payment services. More
NFC mobile payment users tip more, says Square
Customers who pay using NFC mobile payments are more likely to leave a tip, according to a survey by mobile POS provider Square. 73% of customers tipped when using NFC mobile payments compared to 71% who tipped using EMV and 67% who paid using magnetic stripe cards at the point of sale. More
White paper explores payment industry in Bangladesh
A 29-page white paper that explores the payment industry of Bangladesh and includes a detailed examination of its current systems, the evolution of alternative payment methods and the uptake of NFC, tokenization and EMV is now available to download from the NFC World+ Knowledge Centre. More
Bitcoin transactions to exceed $92bn in 2016
The total value of Bitcoin transactions is expected to exceed US$92bn this year, up from less than $27bn in 2015, Juniper Research predicts... More
Dutch contactless usage increases
The number of contactless transactions made by Dutch consumers grew by 25% each month throughout 2015, the Dutch Payments Association has revealed... More
One in four US smartphone owners use mobile payment apps
More than 25% of US smartphone owners make use of mobile payment apps at least once a month, research from Parks Associates reveals... More
ACI reports on mobile payments usage by Indian millennials
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals... More
Amazon to expand Dash service despite “cool” response
Amazon is to announce that it is adding “dozens of new brands” to its Dash push-button ordering devices despite “evidence that consumers are cool to them”, The Wall Street Journal reports... More
EMV claims more than a third of global card-present payments
Some 35% of all card-present transactions conducted globally between January and December 2015 used the EMV chip card standard, up from 32% in 2014, standards body EMVCo has revealed. The number of EMV payment cards in global circulation also increased by 1.4bn to 4.8bn over the 12-month period. More
300m will use contactless ticketing on mobile and wearables by 2021
The number of consumers using contactless ticketing on mobile or wearable devices will approach 300m by 2021, Juniper Research predicts... More
More US consumers open to mobile payments
Two out of five US consumers (40%) have or would use in-store mobile payments, up from 34% in 2015, research from Bank of America reveals... More
Brits foresee cashless society by 2036
More than two thirds of UK consumers (68%) believe that cashless technologies will completely replace physical money by 2036, research released by the Mayor of London’s promotional company London & Partners reveals... More
Mobile payments to grow 42% in 2016
Mobile payment transaction volume will grow by 42% to reach 26.9m in 2016, up from 18.9m in 2015, research from Future Market Insights predicts... More
Android Pay comes out on top in US survey
Android Pay tops the list of the most popular mobile payment services used by US consumers with 19% saying they have made an in-store payment via the service, research from Walker Sands reveals. More
China sees rapid growth in proximity mobile payments
The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research released by eMarketer... More