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UK Government backs cashback in shops without purchase
Following the dramatic decline in cash usage and the consequential reduction in ATM estates, the UK Government is backing an initiative to allow people to access cashback in shops without... more
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Contactless payment market worth over $100 billion by 2026
The contactless payment market size exceeded $40 billion in 2019 and is estimated to grow at 15% CAGR from 2020 to 2026. The global industry shipments are projected to reach... more
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As global contactless transactions surge Russians turn to cash
Whilst it has been well documented that contactless transactions are surging across the globe there have been reports that Russians are stockpiling cash. About 1 trillion rubles ($13.6 billion) has... more
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McKinsey predicts payments revenues to enter negative decline
As the catastrophic human costs of the coronavirus come into clearer focus, so too do the consequences for people’s well-being beyond the immediate imperative to safeguard lives. Taking care of... more
The post McKinsey predicts payments revenues to enter negative decline appeared first on Payments Cards & Mobile.
UK cash usage halves due to COVID-19
Fresh reports from LINK, the operator of the UK’s biggest network of ATMs, say cash usage in Britain has halved in the past few days. The closure of shops, a shift... more
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