The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports. Some 52% of consumers continued to use cash for more than half of their transactions in 2014, however, and “there is no prediction for cash to disappear”.
- BBVA makes eight APIs available to kickstart open banking program
- Hangzhou buses first to all use mobile pay
- New York forces smart lock maker to improve its security
- Euro Banking Association paper analyses cryptotechnologies in international payments
- Mobile wallet Curve launches ‘time travel’ tool to let you ‘shop in the past’