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Digital payments to jump 45% and hit $6.7trn value by 2023, new data shows

Digital payments to jump 45% and hit $6.7trn value by 2023, new data shows

Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money.

12/05/2020 | Data Time, Research | Read More

Over half of UK consumers have tried new payment method since outbreak of COVID-19, research shows

As the face of UK retail has changed in the wake of the COVID-19 crisis, so too has how people pay for goods and services, according to research conducted by specialised payments platform Paysafe. In the company’s latest ‘Lost in

04/05/2020 | Data Time, Research | Read More

Will Covid-19 have a permanent impact on the usage of cash?

Bernard Foot, strategy analyst at payment HSM as a aervice provider MYHSM, wonders whether COVID-19 will have a permanent impact on the usage of cash

09/04/2020 | Comment, Opinion Time | Read More
How might payment systems look in the future?

How might payment systems look in the future?

In the last decade alone the world has seen an incredible amount of technological advances which are continually changing the way people go about their daily business. Smartphones, for instance, have completely revolutionised the mobile phone market, to the extent

14/03/2018 | Comment, Opinion Time | Read More
2018 predictions: RetailStore offers new ways for retail in the New Year

2018 predictions: RetailStore offers new ways for retail in the New Year

Ian Tomlinson, founder of RetailStore, gives his predications of what will be hot trends for retailers in 2018

05/01/2018 | In my opinion, Opinion Time | Read More
The evolution of payments: PayPoint considers what the new £1 coin will mean for convenience stores

The evolution of payments: PayPoint considers what the new £1 coin will mean for convenience stores

On 28 March 2017, the Royal Mint released the new 12-sided £1 coin. It will replace all round £1 coins by October when they will cease to be legal tender. Judging by the stir caused from the introduction of the

03/04/2017 | Retail News, Retail Technology, Retailer News | Read More
Online merchants lose sales by failing to offer shoppers their preferred payment method, PPRO Group finds

Online merchants lose sales by failing to offer shoppers their preferred payment method, PPRO Group finds

An insight into UK consumers’ shopping behaviour ahead of this Christmas’ shopping rush was discovered by e-payment specialist, PPRO Group, following a survey of 1,000 UK adults. The research revealed some telling online shopping frustrations with a third (31%) of shoppers

21/12/2016 | Data Time, Research | Read More
Innovations in bill payments: PayPoint has four predictions of how you will pay in 2020

Innovations in bill payments: PayPoint has four predictions of how you will pay in 2020

By 2020 many things will be different: London’s Crossrail will be in full service, England will be hosting the first international football tournament since 1992 and Britain may well be voting in the next general election. The UK payments landscape will

23/11/2016 | Comment, Opinion Time | Read More

Restaurants under pressure to serve up speed and convenience as ordering in and eating out soars, Barclaycard reports

New research from Barclaycard has revealed that busy Brits are demanding faster service and more convenient ways to pay when eating out and ordering takeaways for delivery. As dining habits change, the pressure is mounting on restaurant owners to respond

31/10/2016 | Data Time, Research | Read More

PayPal announces new partnerships and product innovations at Mobile World Congress

Today at Mobile World Congress 2016, PayPal unveiled new partnerships and product updates, which it claims showcase the company's vision of using technology to reimagine financial services to be faster, simpler and more inclusive, whether online, in-app, in store or

22/02/2016 | Retail News, Retail Technology, Retailer News | Read More
Digital subscriptions sector registers highest chargeback rates, Global Risk Technologies reports

Digital subscriptions sector registers highest chargeback rates, Global Risk Technologies reports

Digital subscriptions top the list of sectors worst affected by chargebacks, according to new data from Global Risk Technologies. The chargeback and risk mitigation experts found that chargebacks accounted for as much as 24% of all UK purchases in the digital

27/01/2016 | Data Time, Research | Read More
Qkr! with MasterPass pay-at-table app goes live at Zizzi restaurants, speeding up payments

Qkr! with MasterPass pay-at-table app goes live at Zizzi restaurants, speeding up payments

From next Monday, customers at Zizzi restaurants across the UK no longer need to ask for the bill. They now have the option to pay from their smartphone, through the Qkr! with MasterPass app. Developed by MasterCard Labs, Qkr! is

27/01/2016 | Retail News, Retail Technology, Retailer News | Read More
Businesses risk losing sales this Christmas due to reluctance to introduce contactless payments, Barclaycard reports

Businesses risk losing sales this Christmas due to reluctance to introduce contactless payments, Barclaycard reports

Despite the fact that seasonal spending using contactless is expected to be almost three times higher this year than last, many merchants could be missing out on valuable sales by failing to offer the option of contactless payment at the

14/12/2015 | Data Time, Research | Read More

PPRO Group pinpoints top five payment trends for 2016

The payment industry will continue to remain dynamic throughout the next year. Ralf Ohlhausen, business development director of thep PPRO Group, summarises his predictions for the payments industry next year

11/12/2015 | Retail News, Retail Technology, Retailer News | Read More

The Logic Group pinpoints three key trends driving retail today in new report

The Logic Group – a payments services provider and Barclaycard company – has launched its Retail Report 2015, which looks at the three key trends which are driving the modern omni-channel retail market. The top three omni-channel retail trends Contactless: fast becoming

13/08/2015 | Data Time, Reports | Read More
PayPal and Bouncepad help small businesses join contactless payment revolution

PayPal and Bouncepad help small businesses join contactless payment revolution

PayPal and Bouncepad claim they are making it easier and more affordable for small businesses to start accepting contactless payments, and boost convenience for customers in-store. Bundling the new PayPal Here card reader with Bouncepad’s PayPal tablet enclosure and custom

12/08/2015 | Retail News, Retail Technology, Retailer News | Read More

PayPoint launches ‘no compromise’ payments platform

PayPoint, an international leader in payment technologies, has announced its third generation ‘Advanced Payments’ platform for mobile and online merchants. Four years in the making, the new digital platform has been designed from the ground-up to address the needs of fast growing businesses

05/08/2015 | Retail News, Retail Technology, Retailer News | Read More

Innovative payments initiatives move from marginal to everyday, finds Cognizant

Research from Cognizant, VocaLink and the Financial Services Club shows that disruptive technologies, the impact of innovation and the precedence of mobile signify rapid change in the payments industry. Theirl study of over 300 banking and financial services executives shows

22/07/2015 | Data Time, Reports | Read More
UK mobile payments projected to hit over £1.2bn a week by 2020, Visa Europe reports

UK mobile payments projected to hit over £1.2bn a week by 2020, Visa Europe reports

The UK is becoming an increasingly “cash-last” society as one in four Brits expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in 12 who do so already today. According to new

04/06/2015 | Data Time, Research | Read More

Faster-time-to-market with Worldpay global payments support for Demandware

Worldpay, a leading global provider of payment and risk services, has announced the availability of an updated integration to the Demandware Commerce Cloud platform, giving retailers the ability to easily expand into new markets and generate new revenue opportunities with a suite

02/06/2015 | Retail News, Retail Technology, Retailer News | Read More
UK poised to follow Denmark on path to becoming a cashless society, suggests Worldpay

UK poised to follow Denmark on path to becoming a cashless society, suggests Worldpay

Denmark is moving one step closer to becoming the world’s first cashless society, as its government proposes scrapping the obligation for retailers to accept cash as payment. Payments processor Worldpay suggest it won’t be long until other countries such as the UK begin to follow suit

14/05/2015 | Retail News, Retail Technology, Retailer News | Read More

Most retailers in Europe, Middle East investing in new payment technologies, ACI Worldwide and Ovum finds

More than two thirds of retailers across Europe and the Middle East are investing or planning to invest into new payments technology within the next 18 to 24 months, with retailers citing real-time clearing and settlement capabilities, smart card based loyalty

30/04/2015 | Data Time, Research | Read More

ECR launches mobile payment solution to help drive ancillary revenues in the airline industry

ECR Retail Systems, the London-based Mobile Point of Sale (MPoS) specialist, today announced the launch of AirPoS, its retail payments system specifically designed for airline operators. AirPoS, which uses the same sophisticated mobile payment technology as its RailPoS solution, will

02/03/2015 | Retail News, Retail Technology, Retailer News | Read More

Failure to adopt new payment methods minimises revenue streams for UK retailers, PPRO Group shows

Despite 2015 set to be a big year for new payment trends with the growing popularity of Google Wallet, ApplePay and other payment methods, research released today suggests that barriers still exist with only 40 per cent of UK businesses

28/02/2015 | Data Time, Research | Read More

UK retailers risk international revenue loss due to red tape and high charges, finds The PPRO Group

Research released by The PPRO Group suggests that despite a high proportion of UK businesses having a good awareness of overseas payment culture, they are not necessarily offering the options on their websites, causing many to miss out on a large

22/01/2015 | Data Time, Research | Read More
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