NFC World

Based on the latest public data from calendar year 2022 and analysis, we estimate that the total global purchase personal consumption expenditure, or PPCE, excluding Russia and China, was approximately $40 trillion. Big 3 announce continued growth That is the size of the prize for the three largest payments players who all announced results recently. […]

Cash is here to stay, with nearly 6-in-10 businesses (57%) expecting to never be entirely cashless despite the widespread adoption of electronic, card and mobile payments. According to The Cash Chasm report, regardless of cash’s staying power and continuing popularity with consumers, many businesses are still stuck with out-of-date manual processes for handling, storage, counting and

Here at Payments Cards & Mobile Towers, news reaches us on a weekly basis of the AI-led solutions banks and service companies are creating to fight fraud. To deliver ever-greater customer service, and indeed to transform payments. Yet such PR announcements ignore the equal and opposite possibility of the criminal fraternity also employing AI, from

A new study has revealed that virtual cards will be the fastest-growing B2B payment method by transaction value globally by 2028. Fastest-growing B2B payment channels It is forecasted that virtual card transactions, randomly generated, and often temporary, card numbers used to process payments, will grow from $3 trillion in 2024 to $11 trillion 2028. The

The Emerging Payments Association Asia (EPAA) has announced the formation of a Work Group on Quantum-Safe Cryptography (WG-QSC) across ASEAN, with IBM, HSBC, AP+ and PayPal as founding members. Quantum-Safe Cryptography The group aims to study policy, regulation, and operator business processes to recommend steps toward implementing quantum-safe cryptography to enhance the protection of payment

In today’s digital age, e-commerce serves as a vital platform for businesses globally, spanning local boutiques to multinational giants. Landscape of e-commerce in Southeast Asia For many businesses, Southeast Asia is seen as a region of opportunity for those looking to take advantage of the change to global norms – writes Guillaume Tournand, VP of

In mid-2022 Atos completed the sale of its entire stake in Worldline of ca. 7.0 million shares representing ca. 2.5% of Worldline’s share capital. As a result, Atos  raised net proceeds of ca. €220 million and was no longer a shareholder of Worldline.       Is the French government nationalising Atos? Since then, the

Cash Matters reports[1] that Germans and Austrians are the most reluctant users of non-cash payments in Europe. Almost one in two (48%) citizens of both countries say they still prefer using cash, with the level of card payment in Germany around half that seen in Sweden. DACH consumers are also the least likely to opt

Stripe has announced that it will begin supporting global stablecoin payments. Transactions will instantly settle on-chain and automatically convert to fiat currency. Stripe to enable stablecoin payments  Stripe enabled Bitcoin payments 10 years ago but ceased the service in 2018. CEO Patrick Collison described the Bitcoin payment experience at that time as “pretty terrible,” and Stripe

As second-generation mobile point of sale (mPOS) devices emerge and consumers continue to gravitate towards mobile as their main shopping channel, it won’t be long before traditional POS devices and traditional shopping habits are things of the past. Recent announcements from established software vendors and new start ups like the UK’s Olouris demonstrate the increasing