PCM Contactless RSS

Chinese mobile payment transactions reached a record 81 trillion yuan ($12.8 trillion) between January and October 2017, driven by huge number of consumers and merchants who have looked to more convenient cashless systems. The ten-month total surpassed the 58.8 trillion yuan in mobile payment transactions on the mainland during the whole of 2016, according to the [...]

The post CHINA HITS RECORD $12.8 TRILLION IN MOBILE PAYMENTS appeared first on Payments Cards & Mobile.

Global investment in FinTech firms reached another all-time high in 2017, buoyed by a surge in funding for start-ups in the US, UK and India. Analysis from Accenture shows that FinTech financing rose 18 percent in 2017 to $27.4 billion. The value of US deals jumped by around a third to $11.3 billion, UK deals [...]

The post COLLABORATION IS THE NEW FINTECH MANTRA appeared first on Payments Cards & Mobile.

As the recently launched iPhone X makes mobile payments even easier with facial recognition, MoneySuperMarket reveals that a quarter (23 percent) of Generation Z predicts physical cards will soon be obsolete as mobile payments reign supreme. The new report by the UK price comparison website shows that contactless payments have doubled since last year, as consumers increasingly [...]

The post CONTACTLESS AND MOBILE PAYMENTS SOAR 300 PERCENT appeared first on Payments Cards & Mobile.

Apple has rolled out Apple Pay Cash for those in its public beta programme. The service will act as a virtual debit card, and allowing P2P payments will enable it to take on Venmo. Apple Pay Cash will allow users to make personal payments over iMessage or make purchases using money stored on a virtual debit [...]

The post APPLE PAY CASH LAUNCHES P2P PLATFORM IN BETA appeared first on Payments Cards & Mobile.

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 $470 billion per [...]

The post GLOBAL STUDY HIGHLIGHTS BENEFITS OF CASHLESS CITIES appeared first on Payments Cards & Mobile.