From today, Monday the 12th October, the first of New Zealand’s seventh banknote series will be issued into circulation. The new series $5 and $10 polymer banknotes are being dispensed by banks and retailers from today though only in small quantities to begin with. Around 345,000 new notes have been sent to banks to meet…
The East Caribbean Central Bank (ECCB) has announced that it will be issuing a circulating commemorative coin painted with different colours. The press release from the Central Bank has confirmed that the new coin will be issued this month, October 2015, to commemorate the 50th Anniversary of Eastern Caribbean Currency Authority (ECCA) banknotes and the…
Sweden’s Central Bank, Sveriges Riksbank, has now launched their new series of 20-, 50- 200- and 1,000-krona banknotes, with the 100- and 500- krona banknotes and 1-, 2- and 5-krona coins to be issued next year in October. The new banknotes were launched on the 1 October, 2015 by the bank, after working on the…
Samsung Pay, the mobile payments application from Samsung, has now been launched in the US. Since Monday, those in the US with a compatible handset, namely Samsung’s Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge + and Galaxy Note5, have been able to make mobile payments in stores. Samsung Pay not only works using Near…
The Reserve Bank of India has issued a press release advising of new ₹500 and ₹1000 banknotes incorporating additional features for the visually impaired which it will shortly be putting into circulation. The Bank had recently released the same denominational notes with numerals in ascending size, but without bleed lines or enlarged identification marks, which…
Samsung Pay, the mobile payments application launched by Samsung in South Korea a month ago, has already been used for $30 million’s worth of transactions by users. From its launch on 20 August until 20 September, Samsung Pay reportedly had 1.5 million transactions, and 10% of South Koreans using the app daily. The mobile payment app allows…
A report by Australian bank Westpac has stated that Australian smartphone users predict the country will be 90% cash free by 2027. In fact, Westpac believe there is an expectation that it could be as early as 2022 if excluding survey results from those who believe the country will never be cash free. The Westpac…
The Bank of England has announced that banknote demand for its notes is increasing. In an article released today, the Bank of England confirms that banknote demand is growing faster than nominal GDP. Banknotes with an estimated value of £62.6billion are thought to be in circulation, resulting in the equivalent of £1,000 in banknotes in…
Android Pay, the new mobile payments technology owned by Google, has today been launched in the USA. Android has begun the rollout of its new service, allowing users to make payments with their compatible Android phones in stores, which will continue for the next few days. Like most mobile payments, Android Pay uses near field…
A press release issued by MasterCard yesterday talks of their plans to enable limitless contactless payments across Europe by 2017. MasterCard states that during the second quarter of 2015, contactless payments, also known as “Tap & Go”, grew by 170% year on year across Europe. They also state that the value of euro contactless payments…