Jennifer Bailey, head of Apple’s payments business, has announced that more than half of contactless payment terminals in the UK will now accept Apple Pay transactions of more than £30 – taking Apple Pay into the territory not serviced by contactless cards and boosting m-payments.
The European mobile payments market will almost triple over the next five years, vaulting from €52 billion at the end of 2015 to €148 billion by 2021.
With the recent announcement that PayPal will team up with Android Pay to bring its services to the m-payments world, and a survey highlighting mobile payment capabilities as the most in-demand technology for retailers, the industry is clearly in the midst of a boom.
The novelty of paying in-store with a mobile device seems to be waning, with fewer shoppers reaching for their iPhone to pay than this time last year.
Cashless payments and eWallets have boomed in the past two years, but they pose some interesting new challenges to retailers trying to protect themselves and their customers. Jose Diaz, director of payment strategy, Thales e-Security, explains
Nine out of 10 retailers surveyed are investing in mobile payments as they predict that at least 10% of their sales will be via mobile.
Global burger restaurant, Five Guys is rolling out mobile payments in its flagship restaurants in Paris and Madrid, offering customers the ability to order and pay then collect securely from mobile, tablet or laptop.
Technology – and Brexit – is bringing to an end to the age-old British etiquette of queuing, at least for retailers. Research by retail consultants at Zebras Technologies suggests that transactions at manned, stationary POS check-outs have fallen from 71% 52% today.
While online banking and cards are still the most popular forms of payment EU consumers have expressed a strong interest in new payment methods such as e-wallets, banking apps, QR code scanning and digital currency. There is also a huge shift towards contactless payments – often seen s the pre-stage to (more…)
The High Street is beleaguered, but not because shoppers don’t want to go there, just it doesn’t quite offer the experience they are used to online. So what can you do about it? Here Andrea Scerch, President, Payment Gateway Services, Mastercard suggests some ways retailers can reclaim the streets.
Barclaycard has agreed two new partnerships that will see its bPay payment technology embedded into high street jewellery and watch brands, expanding the range of wearable devices that can be used to make contactless transactions in the UK.
Following a highly successful roll out of m-payments in Nisa convenience stores around Peterborough last year, Zapper is extending the reach of its all-in-one payments, loyalty and vouchering platform to more convenience stores around the UK. With the Nisa launch continuing to perform above expectations, Zapper is now launching in further stores (more…)
While cash continues to be the bedrock of consumer transactions in the EU-7, mobile payments will almost triple over the next five years – at a CAGR of almost 23% – vaulting from $52 billion at the end of 2015 to $148 billion by 2021. And retailers need to take (more…)
Anyone blessed with the need for glasses has probably been into Specsavers and, like me, you will have seen how the retailer uses iPads to add that personal touch while you recover from the rigours of an eye test. But now the company is looking to up the game and (more…)
Jaguar drivers can now use their car’s touchscreen to pay for fuel with a new cashless payment app at Shell service stations in the UK.
Leading UK footware retailer schuh has partnered with Klarna to make it easier for shoppers to buy shoes online on mobile phones. When checking out online, customers will now be able to benefit from Klarna’s unique technology to buy products by simply entering their email and delivery address, rather than (more…)
More than 33 million customers have used Amazon Payments to make a purchase in 2016, with 32% of them doing so on mobile, Amazon has revealed.
Leading retailers and their thirst for new payment channels are proving a boon for the payments industry. Developing successful omni-channel payment services for Burberry, Tory Burch, Scotch & Soda, L’Oreal and Topshop has seen payment company Adyen has seen its payments business volume grow by 80% to some $90billion a (more…)
Will the phone ever replace the wallet? New research suggests it could, with 18% of shoppers saying they have used their phones to pay in a shop.
Barclaycard, which has an overview of nearly half of the UK’s credit and debit card transactions, is partnering with VocaLink to let its merchants accept mobile payments through Pay by Bank app. Pay by Bank app will allow shoppers to pay quickly and securely for goods and services on a (more…)