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One Third of UK Adults Now Use Mobile Contactless Payments

Fintech Finance

Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 Anecdotal evidence suggests that this trend is caused by increased numbers of shopping trips, the transition to hybrid working, the use of multiple bank accounts, and the increased use of Buy Now Pay Later (BNPL) services. billion).

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?

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Digital Bank Startup Branch Offers Mobile Payments

PYMNTS

The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Most respondents, 82 percent, view contactless as the cleaner way to pay.

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Mastercard, BLIK Partner To Bring Contactless Payments To Poland

PYMNTS

In a press release, the companies said that Mastercard and BLIK will provide consumers and merchants with contactless payments for BLIK users at all Mastercard-branded payment terminals across the globe. This is also the beginning of the way to offer BLIK payments to users of mobile bank apps internationally.”.

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Cash Remains Second Most Popular Payment Method in the UK, But is a Cashless Society Still Imminent?

The Fintech Times

The data comes from the latest Payment Markets Report by UK Finance , produced in collaboration with Accenture , the global professional services company. Debit cards remain on top As expected, debit cards remain the most popular payment method in the UK, accounting for 51 per cent of all payments made in 2023.

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What is NFC Mobile Payment and How to Use It?

Payment Savvy

Until recently, people made their credit and debit card payments with a bit of distrust because they were afraid of scammers stealing their card information through the card’s magnetic stripe. Many well-known brands already use NFC-based contactless payments, including Apple Pay, Google Pay, and Samsung Pay.

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BankDhofar Selects Entrust to Enable Cardholders Across Different Banking Offerings With Digital Card and In-App Payment Capabilities

Fintech Finance

With the launch of its innovative mobile payment service, “Dhofar-Pay,” customers can simply tap their smartphone to make transactions easily without the need for a physical debit card, offering a seamless payment experience.