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Mobile wallet payments will reach € 78 billion by 2017
According to a new research report from Berg Insight, in-store mobile wallet payments in EU27+2 is forecasted to grow from less than €0.1 billion in 2012 at a compound annual growth rate of 275% to reach €45 billion in 2017. This will correspond to 1.6% of the credit card and debit card payments at the [...]
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Visa signs agreements with leading mPOS providers
Visa Inc. announced that it has signed agreements with three leading mobile point-of-sale (mPOS) providers to enable merchants of all sizes to accept Visa payments using mobile technology. iZettle, SumUp and SCCP Group’s Swiff, will participate in the Visa Ready Program to have their mobile acceptance hardware and software tested and approved for use with Visa payments. Additionally, [...]
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Digital Payment Advisors will transform the payment landscape
The development of digital payment advisor (DPA) applications residing on customer smartphones and mobile devices has the potential to fundamentally change the way many customers approach their choice of payment solution for higher-value purchase transactions, according to Gartner. Eventually, the impact of DPAs may stretch far beyond the immediate constraints of the payment market. "By [...]
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Cash use down 10% as new ways to pay change old order
Fundamental changes in the UK retail industry as customers embrace new technology and new ways to shop are producing major changes in the relative importance of different payment methods. Customers did 10% less of their shopping with cash in 2012 than the previous year. Paying with cash is still the most popular choice for customers [...]
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FI’s should prepare for fragmented multi-wallet future
MasterCard Mobile, based on Cellum’s technology, has reached the milestone of 100,000 downloads in May. The service was launched in 2011, making payments via mobile available at nearly 200 merchants as of now. Cellum has been present in the mobile payment industry for nearly 10 years now. Starting with pay-by-text systems, the company now offers [...]
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