Bitcoin payment gateway BitPay has launched the BitPay Visa Card, a debit card that will let US consumers make payments with the virtual currency wherever Visa is accepted and make ATM withdrawals... More
Cash
Australian digital payments to reach nearly A$1.9bn by 2020
Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts... More
A third of Europeans have made a mobile payment
Nearly a third of European consumers (32%) have now made an in-store mobile payment, research by Fujitsu shows, while 22% have adopted wearable technologies... More
Turkey aims to be cashless by 2023
Turkey has introduced its own card payment system in an attempt to move towards a cashless society by 2023... More
Samsung Pay goes live at Woori Bank ATMs
Samsung Pay has enabled ATM withdrawals for customers of Woori Bank in South Korea, the company confirmed at the Samsung Developer Conference 2016... More
A quarter of Brits have made an in-store mobile payment
Almost a quarter of UK adults (24%) have used their mobile phone to make an in-store mobile payment and 12% do so on a regular basis, the Prepaid International Forum (PIF) reports... More
Three quarters of Brits expect to be cash-free by 2021
Almost three quarters of UK consumers (73%) do not expect to be using cash in five years’ time in light of the rise of contactless payments and mobile wallets, research released by digital media agency Starcom reveals, and a third believe cash will be extinct within the next 15 years. More
Micromax to launch NFC mobile payments with TranServ and Visa
Handset maker Micromax will soon begin offering its customers in India an NFC mobile payment service through a collaboration with Visa and payment solutions provider TranServ. More
Demand for coins is “as strong as ever”, says The Royal Mint
“Cash is still the most prominent payment method for UK consumers and global demand for coins is as strong as ever,” says The Royal Mint in response to research conducted by UK supermarket chain The Co-Op that predicted mobile payments will account for 65% of its transactions by 2025... More
Mobile payments will overtake cards and cash by 2025, says UK retailer
UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month. More
Hungarian festivals to see 7m cashless payments this year
The number of cashless transactions at Hungarian festivals will reach 7m this year, representing an increase of 27% compared to last year’s 5.5m, research from Festipay predicts... More
Turkey embraces cashless society despite Swedish concerns
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
Waitrose to open first cashless store this summer
Upmarket UK supermarket chain Waitrose is to become the country’s first major supermarket to operate a cashless store where customers will only be able to make payments by using a card or mobile phone at one of its five self-service checkouts... More
Sberbank enables cardless cash withdrawals in Kazakhstan
Customers of Sberbank Kazakhstan can now withdraw cash without a card at any of the 900 Sberbank ATMs across the country that have been integrated with OpenWay’s Way4 Cash technology... More
Central bank calls for access to cash to be a legal right in Sweden
Access to cash should become a legal right for Swedish consumers and banks should have a duty placed on them to provide cash services as a basic feature of payment accounts, Sweden’s central bank has said... More
Mobile payments to replace cash and cards by 2030?
Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found... More
UK food chain opens cash-free stores
Customers of UK healthy eating chain Tossed will only be able to pay for their orders using a chip card, contactless card or an NFC mobile payment app such as Apple Pay at the two new food outlets the company is opening in London this week. More
mBank cancels NFC SIM deals in favour of HCE and bank-backed Blik mobile payments
Poland’s mBank has withdrawn the facility for customers to add mobile versions of their debit cards to the NFC payments services offered by mobile network operators T-Mobile and Orange... More
Samsung Pay to enable deposits at South Korean ATMs
Samsung Pay users in South Korea will soon be able to both deposit and withdraw money from the ATMs of Woori Bank, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea and NH Nonghyup Bank... More
58% of millennials prefer friends to pay cash
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals... More