“Cash is still the most prominent payment method for UK consumers and global demand for coins is as strong as ever,” says The Royal Mint in response to research conducted by UK supermarket chain The Co-Op that predicted mobile payments will account for 65% of its transactions by 2025. “The demise of cash has been predicted for a long time but it remains the currency option the general public turns to for confidence, convenience and security,” the government-owned company adds.
- NFC Forum unveils technical specification that lets IoT devices use a single antenna for both NFC and wireless charging
- Russian supermarket chain rolls out open loop fingerprint payments service
- Blockchain mobile payments pilot to go live in Mongolia
- US credit unions to offer blockchain digital ID service
- PenFed joins US move to contactless payment cards