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The future of digital payments
Advancements in digital technology continued to shape the payments industry in 2015 as mobile, online and other digital forms of digital payments moved into the mainstream. From mass transit to gas stations and supermarkets, businesses of all sizes now accept various types of digital payment, making paying for goods and services quicker and easier. While [...]
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Majority of retailers have yet to implement omni-channel payments
Despite the retail industry’s ambition to move to an Omni-Channel payments strategy, only a minority of retailers have completed an omni-channel payments program, according to a survey of nearly 100 retailers by PCM Research and ACI Worldwide. The research, titled Omni-Channel Payments for Merchants: Myth or Reality?, reveals that retailers face multiple challenges when it [...]
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SumUP and payleven agree merger as mPOS market consolidates
As the inevitable consolidation of the European mPOS market begins, SumUp and payleven announced a merger which will see the combined company operate under the name SumUp. The companies, currently processing more than €1bn annually in a total of 15 countries, say the merger agreement will provide scale opportunities to capitalise on growth as more small [...]
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The mPOS opportunity
Mobile point-of-sale (mPOS) is revolutionising the POS terminal industry. Because of this, the market is poised to grow by 400% over the next four years, 46% of all POS terminals in 2019 are expected to be mPOS and the market will be worth an estimated $43 billion by 2018. Taxi drivers, plumbers and hairdressers can [...]
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Deloitte autopsy the collapse of Powa Technologies
Powa Technologies’ insolvency specialists Deloitte have released its insolvency report into exactly what went wrong at the London payment company that folded spectacularly in February. The company autopsy reveals Powa’s ultimate controlling company raised £143.94 million ($203.7 million) in debt and equity funding from 2013 onwards, as the company was valued on paper at $2.7 billion. But [...]
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