Tag: cashless

Denmark has revealed it has recorded its first-ever year in history where it failed to experience no bank robberies.

A pilot program by UK micropayments firm Shrap has begun two pilot programs in Essex and Denny, Scotland to trial and test scalable solutions to help keep cash sustainable.

A study by PricewaterhouseCoopers (PwC) has found cashless transaction volumes are expected to outpace cash payments going into 2030.

While the past few years have seen more consumers embrace digital payments, it seems as if the coronavirus pandemic has made the cashless society even closer than ever.

The global person-to-person payment market is set to grow tremendously in the next seven years to reach a value of $4.49bn in 2027, according to new research.

The Financial Conduct Authority has issued new proposals to ensure that people have access to money when banks, building societies and credit unions shut down their branches and ATMs.

As many consumers opt for cashless options to avoid catching the coronavirus, ATM manufacturer Genmega has revealed a new solution to make using its devices safer.

As Covid-19 forces more people to look for cashless alternatives, Mastercard and Facebook have inked a deal that offers a new way to send money digitally.

Smartphones, digital payment cards and point-of-sale terminals are expected to drive the growth of the value of the global mobile payments market from $3.71trn in 2019 to $12.4trn by 2025.

Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.