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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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To ‘Pay’ or not to ‘Pay’? The choice around mobile payment
People don’t use their mobile phones to make telephone calls nearly as much as they used to. They are using them to surf the internet, send instant messages, even wake them up in the mornings. The relentless wave of mobile-inspired innovation is continuing and now includes mobile payment. Issuing banks often ask me about the [...]
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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 [...]
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Tokenization management made simple for Banks offering mobile wallets
Issuing banks can now manage tokenization activity for the ‘OEM Pay’ mobile wallets through a single software platform, simplifying and consolidating integration with the multiple token service providers (TSPs) operated by third parties. In response to the increasing complexity and fragmentation of the NFC mobile wallets ecosystem, Rambus Bell ID has launched Token Gateway. “Managing [...]
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Loyalty and rewards key to consumers succes with mobile wallets
Mobile wallets are finally starting to gain real traction with consumers, but many still need an extra push to turn their mobile wallet use into a true habit. Points has released a new study, “The state of mobile wallet loyalty and engagement,” which identifies consumer pain points and desires for mobile wallets to offer insights [...]
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