The Royal Mint has issued a statement saying that coins are here to stay, in response to a report by the Co-op which has predicted the “death of cash and bankcards”. Though the Co-op identifies that nearly two thirds of all transactions made within its retail stores are paid for using cash, it has seen the use…
The adoption of mobile payment solutions has, certainly in the last two years, been massive. With the launch of mobile wallets from key industry players such as Apple and Google, there has also been an influx of solutions from much smaller companies, with reports of new mobile wallet systems being released around the world as a daily event.…
Google has today released an app which is being piloted by users, allowing them to make in-store payments without handling either their wallet or smartphone. The app was first announced in May last year during Google’s I/O developer conference. The limited public pilot, which is being tested in a number of retail stores and restaurants in San…
A press release issued on the 9th February 2016 has confirmed that the use of the Paym mobile payment service increased by 89% during the second half of 2015 compared with the same period the previous year. Paym allows users to send and receive payments to a current account held at participating banks or building…
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…
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…
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…
Canadian company Nymi has developed an authenticating wristband which uses a person’s unique electrocardiogram (ECG) reading. According to the company, the wristband allows wearers to “seamlessly unlock devices, remember passwords and more”. Nymi first discussed using their wristband technology as a payment authenticator last year and, following a successful trial, it now claims that the…