More than half (55%) of UK consumers expect to abandon using cash for shopping in the next two years – with a quarter adopting mobile wallets.
Tesco has revamped its PayQwiq digital wallet app and is being re-launched as Tesco Pay+. Further details about Tesco Pay+ will follow later in September.
Barclaycard is piloting ‘Contactless Cones’ – a refreshing solution to reduce long queues at ice-cream vans. The self-serve ice-cream van pilot will dramatically reduce the average wait time of almost eight minutes by introducing contactless technology to a typically cash-only service.
A whopping £370 million was spent on mobile contactless payments in the first six months of 2017, a whopping 336% year on year rise in spending, according to the latest transaction data from payments processor Worldpay.
Fancy paying for things by just tapping your phone on them? Well you could be in luck – mobile proximity payments company Thyngs has taken a step closer to turning packaging, displays and shelves into POS with the addition of PayPal.
Spain’s biggest department store, El Corte Inglés, is offering its customers the opportunity to easily complement their existing store payment card with the popular Samsung Pay mobile wallet.
The staid old world of Golf is an unlikely place to pioneer new tech, but ‘Golf’s original championship’, The Open, will be accepting mobile payments for the first time this summer.
For the first time ever, cash payments are now not the most popular way to pay – and that is good news for mobile payments.
The recent news that 2016 saw a higher volume of credit and debit card transactions than cash payments, as well as the rapid increase in the popularity of contactless payments, presents retailers with an opportunity to optimise the in-store environment to significantly reduce friction in the customer journey.
André Stoorvogel, Director, Product Marketing – Payments, Rambus, takes a look at how digital wallets are not only going to shake things up for payments, but for retail in general
Mobile payment and loyalty company Zapper continues its move into mobilising and queue busting in the convenience store sector with a partnership with the National Federation of Retail Newsagents(NFRN), which represents more than 15,000 independent retailers across the United Kingdom and the Republic of Ireland.
Analysis by digital growth company Urban Airship of more than one million Apple Wallet coupons and loyalty cards of major retail brands shows that for every mobile wallet pass a customer installs, it is shared and added to 3.3 other mobile devices on average—a 4.3X share rate.
Payment provider Worldpay has launched an extended-trial of a software-only card payment mPOS system that should turn any smartphone into a card terminal. My Business Mobile will allow businesses to download an app and accept face-to-face contactless card transactions on their smartphone without the need for any additional payments hardware. (more…)
With Barclay card rolling out Grab+Go, invisible payments are finally becoming a realty. Ralf Ohlhausen, Business Development Director at PPRO Group, takes a look at why we need them so badly “This is not good”, I thought. It was roughly half an hour after the restaurant ordered our taxi. The (more…)
Barclaycard has begun trialling a new payment concept that streamlines the way consumers buy low-value goods by allowing them to scan and pay for their shopping using their smartphone, without the need to visit a physical checkout.
Worldpay has unveiled a virtual reality concept that enables shoppers to make seamless, secure payments in a virtual environment.
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.