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Market analysis – payments cards in Europe (E33)
Payments cards and card payment at the point of sale and online showed solid growth rates in most European countries in 2015. This was supported by the roll-out of new technologies, such contactless, digital wallets and mobile NFC. We examine the statistics and notable trends. Payments cards in issue and card payments by volume and [...]
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Prepaid card market expected to reach $3,653 billion by 2022
A new report published by Allied Market Research projects that the global prepaid card market is anticipated to reach $3,653 billion by 2022, registering a CAGR of 22.7% from 2016 to 2022. Europe dominates the global market in terms of revenue, accounting for more than 49.1% share of the global market, followed by Asia-Pacific. Prepaid cards [...]
The post Prepaid card market expected to reach $3,653 billion by 2022 appeared first on Payments Cards & Mobile.
PSR annual – Access and governance report on payment systems
The Payment Systems Regulator (PSR) was established to promote effective competition and innovation in payment systems. Ensuring open access to participants and potential participants is a key component of this. The PSR’s open access programme has been a cornerstone of its work and is now delivering meaningful results for service-users. Over the last year the PSR says [...]
The post PSR annual – Access and governance report on payment systems appeared first on Payments Cards & Mobile.
New reports show mobile wallet suffering an identity crisis in Europe
New research by Juniper, analysing the mobile wallet market, indicates Europe lagging behind almost every other region in its transaction value forecast despite high levels of tech adoption and smartphone penetration. So, what’s going wrong? Europe is expected to book lower mobile wallet transaction values than Asia, Africa and the Middle East, North America and the Indian Subcontinent in the [...]
The post New reports show mobile wallet suffering an identity crisis in Europe appeared first on Payments Cards & Mobile.
Optal to acquire B2B payments business Invapay
Optal announced the acquisition of Invapay, in a deal which will significantly expand Optal’s capabilities in the global corporate payments space. Invapay enables corporate buyers to use credit cards to pay suppliers who historically have not accepted card payments. Invapay’s technology platform seamlessly integrates with the buyer’s existing enterprise resource planning systems (ERP) through a [...]
The post Optal to acquire B2B payments business Invapay appeared first on Payments Cards & Mobile.
