Today sees the limit for contactless payments rise to £30, from the previous limit of £20, in a move that’s expected to deliver a new boost to NFC (near-field communication) payments, and could encourage the wider take-up of mobile payment methods. Already, figures from MasterCard and Barclaycard show contactless spending has grown (more…)
M-payments have garnered increasing column inches – in no small part thanks to the launch of Apple Pay. But what does it really mean for retailers? Here, leading payments consultant Masha Cilliers takes a look at what retailers really need to think about when it comes to m-payments.
More than half of UK smartphone owners (55%) have abandoned a mobile transaction because of usability issues, slow load times, poor check out experience and payment process complications, finds a study by Jumio. And its is costing retailers as much as £6 billion in lost revenues.
PayPal is tapping into the new found love of NFC (Thanks Apple Pay) with the launch of its very own Near Field Communication (NFC)-enabled PayPal Here card reader, which accepts contactless payments from Visa, Maestro and MasterCard debit / credit cards as well as Apple Pay.
Last month saw Apple Pay finally reach UK shores. After months of waiting since its initial roll-out in the US and the instant popularity it’s had with American consumers, Brits are finally able to add Apple Pay to their list of payments options. However, will Apple Pay take off in the (more…)
Weekday money management is the fastest growing use of mobile payments according to new figures released this week by Paym.
MasterCard and Samsung are to bring Samsung Pay to Europe, where it will join Apple Pay as an NFC mobile payment option for consumers in store – a move likely to make rolling out mobile payments for retailers even more of an imperative.
Following the launch of Apple Pay in the UK last week, new MasterCard figures show that the British public are willing to embrace mobile payments despite some hesitation. One in four British consumers said that they expect to make a contactless payment with their mobile in the next year. Furthermore, (more…)
When news of Apple Pay’s UK arrival became a reality, a lot of buzz surrounded the 250,000 retailers and the majority of banks (not including Barclays … yet) who would support it across the country, but how will it impact retailers? Here’s how, says Henry Morland, chief product officer, Brightpearl
Apple Pay may have garnered all the NFC headlines this week, but sausage roll vendor par excellence, Greggs, has released a refreshed app that enables users to redeem rewards, make payments and receive offers with a simple phone tap at the point of sale, using contactless technology supplied by Spire (more…)
With Apple Pay’s launch, the worlds of the bricks and mortar and mobile retail have been bridged, something that could net High Streets across the UK £7.8bn by the end of 2015 if consumers and retailers embrace it.
Today, 14 July, sees the launch of Apple Pay in the UK. MasterCard was first out the gate with PR about offering it, but most banks and issuers are now playing along with it – with the exception of HSBC and Barclays – see our Key Facts guide here. But (more…)
With the launch of Apple Pay in the UK today, there is much hyperbole and breathlessness about how its going to change everything from the banking industry to how we shop to who rules the world. It will have an impact, but a tempered one as our story shows. But (more…)
Apple Pay is now live in the UK, and MasterCard has announced that it will offer its cardholders immediate access to the new service helping them to use their cards where and how they want with a seamless experience.
With its UK launch imminent, Simon Farthing, Head of Consultancy at data science consultancy Profusion, discusses how Apple Pay will help retailers marry their online and offline offerings
Arcadia Group , which runs Topshop , Topman and Miss Selfridge , among others, has joined the growing roster of retailers to integrate Apple Pay on the day of its launch.
MyCheck, a mobile payment platform provider, has become one of the first smaller businesses to announce support for Apple Pay in the UK. MyCheck’s restaurant clients can now take advantage of the technology and allow their customers to settle the bill using Apple Pay, the easy, secure and private way (more…)
Mobile payments now account for 29% of global online payments, with 36% of them coming from iPhone, ending the two year hegemony of iPad in m-payments as online shopping habits change.
Barclays Pingit has become the first bank to join the Zapp mobile payments app. Customers choosing ‘Pay by Bank app’ will be offered the market-leading Barclays Pingit app as one way to pay, and millions of Pingit customers will be able to make mobile payments at major retailers across the (more…)
Cash remains the preferred payment method in the majority of transactions, but the likes of mobile payments are starting to make some very small inroads, according to the results of this year’s annual BRC Payments Survey.