What's New in Payments

Turkey embraces cashless society despite Swedish concerns

Dr Soner Canko at Money20/20 Europe

A call by Sweden’s central bank to make using cash a legal right for consumers will create question marks in the minds of central banks and other players in international markets and will raise “some concerns” about a completely cashless society, the CEO of Turkish card payment system operator BKM has told attendees during a panel session at Money20/20 Europe. More


What's New in Payments

MasterCard reports on ‘selfie pay’ popularity

MasterCard’s Identity Check service, which lets consumers authenticate payments by taking a picture of themselves using their smartphone, has “gone like wildfire in the trials that we’ve done in the Netherlands and the US”, Ann Cairns, the payments network’s president for international markets, has revealed during a keynote at Money20/20 Europe in Copenhagen... More


What's New in Payments

Visa Europe reports “significant growth” in higher value contactless transactions

A Visa contactless card

The increase in the UK contactless card payment limit from £20 to £30 has had “a transformative effect” on consumer spending habits, according to Visa Europe, with contactless transactions over £20 seeing an average monthly growth rate of 19.1% between October 2015 and March 2016 — more than twice the average monthly growth rate of 8% for contactless transactions under £20... More