A quarter of UK consumers are making NFC mobile purchases or would like to do so in the future, research by Mastercard reveals, with the figure increasing to 45% for those aged 25 to 34. More than two in five are ready to give up carrying cash completely, with 40% attributing their reduced use of traditional currency to wider acceptance of contactless payments. “Some 44% of consumers claim they would ditch notes and coins altogether if card payments were accepted everywhere,” Mastercard says.
- Japanese bank plans new biometrics firm
- Boon launches in France for Apple Pay users
- Mobile marketplace offers African farmers promise of richer, cashless harvest
- US bank backs top five mobile payment services
- Mobile payments market worth $3,338bn by 2022