Five news stories.
• Should Payments UK be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Payments UK be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Debit cards set to overtake cash in 2018, three years earlier than expected — Payments UK — “Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018… By 2018, when debit cards are forecast to overtake cash, 13.4 billion debit card payments are predicted, of which 4.6 billion (or one in three) are expected to be contactless.”
More than £300m (US$364m) has now been processed through peer-to-peer mobile payments platform Paym since its launch in April 2014, accounting for more than 5.8m transactions... More
The average UK adult made 20 card payments per month in 2015, of which around one in 10 were contactless, research released by Payments UK reveals... More
UK businesses using digital banking solutions provider Bottomline Technologies’ C-Series payments processing module will soon be able to send payments to recipients using only their mobile phone number through the Barclays’ Pingit mobile app or the Paym mobile payment platform, which is also supported by Barclays... More
More than £146m has been sent using peer-to-peer mobile payments platform Paym since its launch in 2014, with 1.46m payments sent in the second half of 2015 compared to 774,628 in its first six months — an increase of 89% — the company has revealed. More