Cash isn’t dead and it isn’t even dying: Society won’t accept the demise of the humble banknote February 1, 2016 Seemingly every other day we see yet another article forecasting the death of cash and telling us that we will soon be making everyday transactions with wearable payment technology. Of course, the more tech-savvy of us probably will be, and many already are, but is the general UK consumer really ready and willing to adopt [...]
Visa’s contactless payments soar by 250pc in the UK, as firm reports record revenues in Europe January 26, 2016 Cash is no longer king in the UK, where Visa Europe's contactless payments soared by 250 per cent last year. The electronic payments business said that people purchasing items by waving their Visa credit or debit cards over payment terminals now accounts for 1-in-7 of their transactions in the UK, up from just 1-in-25 a year [...]
London had 1m contactless Tube journeys in a single day January 14, 2016 The number of contactless journeys on the Tube made with Visa surpassed one million for the first time in just a single day in the lead up to Christmas as paying with just a swipe of a card or phone grows in popularity. The use of contactless Visa increased 166 per cent annually in December alone and commuters spent £339m taking 7.75m [...]
Soon there will be Oyster-style contactless payment technology on all public transport across the UK January 12, 2016 Contactless payments on buses and trains will no longer confined to London, with new plans to install the technology across the country, the UK Cards Association said today. Rail operators have provided funding for joint project between the card and rail industry to see how contacless cards and devices could be associated with long distance train tickets or [...]
Top tips for saving up a house deposit January 8, 2016 Four out of five Britons under 30 would prefer to own their own home, rather than rent, according to the Council of Mortgage Lenders, but in London, that’s easier said than done. Home ownership is at its lowest level in 25 years and property prices have risen to about six times the UK’s average annual [...]
Cashless Britain: Mobile payments are transforming our society – cash could be obsolete in the UK by 2020 December 13, 2015 A woman waves her watch at the automated barrier to gain entry to the train. When she exits she will do the same and her fee will be automatically calculated. Apart from the one-time set-up of her account, she has nothing else to do. No ticket to order, no card to carry, no ticket to [...]
As Apple’s iPhone 6S lands will mobile payments change the way we live? December 11, 2015 Today’s smartphones can do incredible things. Need a ride around London? Just tap the Uber app. Fresh flowers or food from a local restaurant delivered straight to your door? Try Bloom & Wild or Deliveroo. These apps are fantastic, but there's a new smartphone feature set to fundamentally revolutionise the high street and how [...]
Cashless society: Why businesses need to wake up to the rise of the digital future December 11, 2015 The news that card and electronic transactions have overtaken cash as the UK’s preferred method of payment is a watershed moment for the nation’s businesses. As people increasingly choose their digital wallet over their leather one, any company, no matter what their size or sector, must get ready for a cashless future that is [...]
Death of cash: What does a cashless society mean for your children? December 11, 2015 Within a generation terms like cheque book and piggy bank may sound as archaic to young people as the threepenny bit and halfpenny are now. From mobile payments to bitcoin, money is constantly evolving. Last month the UK Payments Council revealed that for the first time ever, non-cash payments had overtaken cash payments in [...]
Swatch’s Bellamy watch with Visa lets you pay with just a swipe of your wrist (but it’s not a smartwatch) November 30, 2015 First there was Oyster, and not far behind were contactless cards. Then came Apple Pay in the pay technology revolution, liberating commuters from pesky cash and flimsy tickets. It may have put paying with something other than a ticket into the popular consciousness, but there are other (admittedly less high-profile) options for non-Apple fans seeking to streamline [...]