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    Timetric

    News stories featuring Timetric:

    Apple Pay’s global impact remains “small”

    June 3rd, 2016

    Apple Pay has “made only a small dent in the global payments market” due to technical challenges, low consumer take-up and resistance from banks, according to a report by Reuters. “Apple Pay usage totaled US$10.9bn last year, the vast majority of that in the US,” the publication says, citing research from Timetric. “That is less than the annual volume of transactions in Kenya, a mobile payments pioneer.”

    Contactless on the rise in the Netherlands

    May 4th, 2016

    Some 15m contactless cards were in circulation in the Netherlands in 2015, equivalent to 45.5% of all payment cards, according to research from Timetric. “ABN Amro Bank added contactless function to all its payment cards in December 2015,” the firm says. “Similarly, ING Bank and Rabobank are replacing their existing cards with contactless-enabled payment cards. Banks and telecom operators are also introducing contactless mobile payment solutions to their customers.”

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