Almost three quarters of UK consumers (73%) do not expect to be using cash in five years’ time in light of the rise of contactless payments and mobile wallets, research released by digital media agency Starcom reveals, and a third believe cash will be extinct within the next 15 years. More
More than four in ten mobile users in the UK (42%) feel that NFC mobile payments are not secure, research from Ofcom reveals... More
More than 1,000 restaurants, bars and pubs across the UK are deploying Z-Beacon, a new platform developed by QR code-based mobile payments provider Zapper... More
“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... More
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
Apple Pay has begun rolling out across Singapore, letting consumers pay in store with compatible Apple devices and make purchases within participating mobile apps using their American Express cards, with support from Visa expected “soon”... More
Apple has added a further 32 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports... More
Customers of Nationwide Building Society in the UK may soon be able to access their mobile banking accounts using behavioural biometrics that recognise how they interact with their smartphone, from the way they hold their device to how they type... More
More than a third (38%) of all payments made across Europe will be digital by 2020, MasterCard predicts... More
Nearly one third (31%) of UK consumer never pay by contactless because “they don’t trust it”, research from Future Thinking reveals... More
Amazon has launched the Amazon Payments Partner Program, a new service designed to enable ecommerce platform providers and developers to offer merchants Amazon Payments, which allows customers to log in and pay using their account with the online retail giant... More
UK supermarket giant Tesco’s PayQwiq mobile payments service, which lets customers pay using an Android or Apple phone by snapping an image of a QR code located at each checkout, is now live in 524 of the retailer’s stores in London and Edinburgh... More
Barclays bank debit cardholders and Barclaycard credit cardholders can now use Apple Pay to make mobile payments, nine months after the service launched in the UK without the participation of the ‘big four’ bank... More
MasterCard is working on more than 60 projects involving its MDES tokenization platform in Europe, the payments network has revealed... More
The increase in the UK contactless card payment limit from £20 to £30 has had “a transformative effect” on consumer spending habits, according to Visa Europe, with contactless transactions over £20 seeing an average monthly growth rate of 19.1% between October 2015 and March 2016 — more than twice the average monthly growth rate of 8% for contactless transactions under £20... More
Upmarket UK supermarket chain Waitrose is to become the country’s first major supermarket to operate a cashless store where customers will only be able to make payments by using a card or mobile phone at one of its five self-service checkouts... More
The Centre for Process Innovation (CPI) has formed a specialist consortium to create a UK manufacturing supply chain that will support the widespread adoption of NFC packaging. More
Barclays appears to be in the process of enabling support for Apple Pay in the UK, according to a terms and conditions page tweeted by a number of the bank’s customers... More
“At this stage, we are not planning on participating in Android Pay in the UK,” British ‘big four’ bank Barclays has told NFC World... More
Google has announced that it is to launch its Android Pay mobile payment service in the UK within the “next few months.” The service will launch with support from MasterCard, Visa and eight UK financial institutions. Barclays, one of the UK’s “big four” banks and an NFC mobile payments pioneer, is a notable absence from the list. More