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Masterpass gathers momentum in Europe – breakthrough year for digital payment service
As the share of digital payments in Europe keeps on growing to reach 38% of payments by 2020, the continued transformation of Mastercard is driven by the rapid growth and success of Masterpass, the company’s digital payment service. 40 major issuers across 18 countries in Europe, including KBC Bank in Ireland, Intesa Sanpaolo in Italy, [...]
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Digital Payments in India – the making of a $500 billion ecosystem
Over the past few years, the payment landscape in India has mirrored developments occurring in the global payments arena, albeit with a time lag. Although digital payments in India is a recent phenomenon, the trend has displayed an exponential growth in the sub-continent, with rapid growth being witnessed in digital payment transactions. India now represents [...]
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Mobile payments study – opportunities for banks
First Annapolis recently completed the third edition of its semi-annual Study of Mobile Banking & Payments tracking consumer adoption and use of mobile banking and payments products. Given the energy surrounding all things mobile, it’s not surprising that consumer adoption levels are rising, but there is still a long way to go before consumers leave [...]
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Ingenico shares suffers after cutting 2016 sales forecast
Underscoring investor skittishness and low tolerance for earnings disappointments, French payments firm Ingenico Group fell nearly 13% in heavy volumes, after the cutting its full-year targets in the wake of a “sudden and significant decline” in US sales. In the trading update note, the company stated, “In recent weeks Ingenico Group has been facing a [...]
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10 facts about e-commerce and cart abandonment
The problem for most online e-commerce stores is that cart abandonment is on the rise. The data has shown a continuing upward trend, with a near 15% rise in online abandonments since 2010. The industry experiencing the highest rate of abandonment is travel, with an average abandonment rate of 80.1%. The reasons that people are [...]
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