Online consumers in the UK spent £22 billion via smartphones and tablets in...
Of all UK online consumer spending in 2015, 17% was accounted for by purchases made using a smartphone or tablet, according to financial services research and insight firm Verdict Financial. The...
View ArticleVisa’s challenge to M-Pesa will fail
Visa’s rival mobile money service offers some benefits over M-Pesa but ultimately can’t compete with its dominance and appeal to Kenyan consumers. Visa is taking on Safaricom’s M-Pesa with its own...
View ArticleIndustry Interview: Markus Gremmel, chief marketing officer, BAWAG PSK
Following on from the Harnessing Fintech Innovation in Retail Banking conference hosted by Verdict Financial, Senior Consumer Payments Analyst Sam Murrant spoke with conference presenter and BAWAG...
View ArticleComfort and convenience key for Dutch online payments
iDEAL is mostly appreciated by Dutch consumers for the comfort and convenience it offers. Providers have the opportunity to include these features in their value proposition to increase their market...
View Article“Hard” Brexit may incur unwelcome consequences for UK payments market, says...
Recent regulatory and structural changes to the UK payments market, combined with growing uncertainty surrounding Brexit, mean the payment card space faces an unclear future in spite of current...
View ArticleAlipay Everywhere: from a prank to reality
Alipay Everywhere began as an April Fools’ prank in 2015, but 18 months later the feature has become a reality. Alipay Everywhere has the capacity to influence the future of payments and has opened...
View ArticleCan mobile wallets replace cash in India?
Cash drives the Indian payments market, and is valued by consumers for its security, convenience, and comfort. By tapping into this, mobile wallet providers can gain market share in a country with an...
View ArticleSETL proves blockchain’s worth in consumer payments
Deloitte’s and SETL’s successful blockchain-based card payment test provides a glimpse of a more efficient electronic payments system. Blockchain technology has been the subject of extensive...
View ArticleSamsung Rewards to kickstart mobile payment adoption
Samsung Pay’s new loyalty program will breathe life into mobile payments. The added incentives offered by Samsung Rewards will prompt consumers to adopt the technology, and encourage other providers to...
View ArticleUK payments strategy will fail without effective collaboration
While the UK payments ecosystem is among the most dynamic globally, the UK Payments Strategy Forum is aiming to address key challenges within the existing system and introduce solutions that will...
View ArticleEBA rules will inconvenience consumers online
New European regulations will undermine the progress the payments industry has made towards convenient online payments. The European Banking Authority (EBA) is set to finalize its proposed new rules...
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