Skip to content
Mobile Wallet RSS
Global study highlights economic benefits of ‘Cashless Cities’
Visa has announced the results of an independent study examining the economic impact of Cashless Cities and increasing the use of digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to US $470 billion [...]
The post Global study highlights economic benefits of ‘Cashless Cities’ appeared first on Payments Cards & Mobile.
Wells Fargo ATMs launch NFC-enabled mobile wallet capability
Wells Fargo & Company say that debit card customers can use the company’s ATMs without their card with NFC functionality that is launching at more than 5,000 ATMs across the US. The feature is activated using a mobile phone’s mobile wallet feature. Today, more than 40% of Wells Fargo ATMs have functioning NFC capability, with the [...]
The post Wells Fargo ATMs launch NFC-enabled mobile wallet capability appeared first on Payments Cards & Mobile.
Global non-cash transaction volumes record highest growth of past decade
According to the World Payments Report, 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 prediction. Two regions fuelled this increase: Emerging Asia with a growth rate of 43.4% and CEMEA (Central Europe, Middle East, and Africa), with 16.4% growth. [...]
The post Global non-cash transaction volumes record highest growth of past decade appeared first on Payments Cards & Mobile.
Why it’s so important to deliver on financial inclusion
Financial inclusion, particularly in the developing world, has emerged as a significant policy objective over the last decade. There is considerable will among policymakers, the development community and private sector to bring the world’s two billion unbanked people into the formal financial system. So much so, seven out of the 17 UN sustainable development goals [...]
The post Why it’s so important to deliver on financial inclusion appeared first on Payments Cards & Mobile.
The opportunities and challenges of payments processing in China
China, boasted over $811.96 billion in e-commerce sales in 2016, 122 million outbound travellers, and a record number of students studying abroad. This has created a booming opportunity for global marketplaces, marketplace sellers, e-commerce retailers and online travel agencies. China is now consistently considered a top geographical priority for global payment growth strategy. However, for all those flocking to [...]
The post The opportunities and challenges of payments processing in China appeared first on Payments Cards & Mobile.
