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Shipments of NFC POS terminals to reach 112 million by 2022
According to a new research from Berg Insight, the market for NFC POS terminals continued to show strong momentum in 2018 with annual shipments reaching an estimated 24.7 million units... more
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Mobile payments soar 300% as part of the contactless revolution
As the recently launched iPhone X makes mobile payments even easier with Face ID, MoneySuperMarket reveals that a quarter (23%) of Generation Z predicts physical cards will soon be obsolete as mobile payments reign supreme. The new report by the price comparison website shows that contactless payments have doubled since last year, as we increasingly lose contact [...]
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Contactless payments are No.1 payment choice for UK market
The UK is a world leader in contactless payments. The widespread adoption of contactless in the UK was a gradual process but over the past few years contactless use has grown exponentially. In just a decade, contactless cards have gone from a niche offering to becoming the first choice payment in all kinds of situations. [...]
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Global non-cash transaction volumes record highest growth of past decade
Global non-cash transaction volumes grew 11.2% during 2014–2015 to reach 433.1 billion, the highest growth of the past decade, and slightly above last year’s World Payments Report prediction (Figure 1.1). Two regions fuelled this increase: Emerging Asia with a growth rate of 43.4% and CEMEA (Central Europe, Middle East, and Africa3), with 16.4% growth. Expansion [...]
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Contactless payments drive doubling of UK Card payments in 10 years
The number of purchases using debit and credit cards has more than doubled in the past 10 years, as contactless payments and online retail have driven a change in the way consumers pay, a new report shows. Debit and credit cards were used to make 16.4 billion purchases in 2016, up 146% from 6.7 billion [...]
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