What's New in Payments

Survey finds 84% of consumers are ‘thinking differently about how they make payments’

Over half of UK consumers have tried a new payment method since the outbreak of Covid-19 — Paysafe — “In the company’s latest ‘Lost in Transaction’ survey, in which 8,000 consumers globally were asked about their payment habits, findings revealed that 54% of UK consumers have used new forms of payments since the Covid-19 outbreak began, and 84% of respondents globally admitted they were now thinking differently about how they make payments.”


What's New in Payments

Blackhawk Network lets UK consumers make digital gift card payments in stores

One4all contactless digital gift card using Dejamobile tech

PARTNER NEWS: Blackhawk Network subsidiary One4all is using Dejamobile’s ReadyToTap Gifts & Rewards solution to make it possible for UK consumers and businesses to send a digital gift card directly to a recipient’s mobile phone — and for the recipient to then use it to make payments online and at contactless terminals in stores... More






What's New in Payments

Safaricom partners with Visa for M-Pesa digital payments

Safaricom and Visa join forces in seeking to expand access to digital payments for M-Pesa consumers and merchants — Safaricom — “The partnership will cover over 24 million M-Pesa customers, more than 173,000 Lipa Na M-Pesa merchants from Safaricom and more than 61m merchant locations throughout Visa’s global network, and over 3.4bn Visa cards in more than 200 countries and territories, subject to regulatory approval.”







What's New in Payments

Mobile payment overtakes contactless cards for young Irish consumers

Impact of Covid-19 on spending behaviour revealed as more Irish consumers using contactless and digital wallets — AIB — “Digital wallet (Apple Pay and Google Pay) spend now accounts for 37% of all in-store transactions by those who are under 25… Contactless using a debit card is the most popular choice of in-store payment method among all age cohorts, except those under 25 where it accounts for 28% of spend.”




What's New in Payments

Timex, Mastercard and Tappy report on the role of wearable payments in urban mobility

Wearable Payment Summit 2020: Urban mobility

KNOWLEDGE CENTRE: Convenience, consumer choice, and the ability to use contactless payments for public transportation hold the key to driving the mass market adoption of wearable payments in urban environments, Timex, Mastercard and Tappy explain in a panel discussion which is now available to watch free of charge in the NFCW Knowledge Centre... More