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Tag archive: mobile payments

SIBOS day 2 – What Europeans can learn from Australia’s Instant Payments experiences

Most payment experts believe that Instant Payments (IP) will become the primary payment method in the future. This is one of the conclusions of the Really a real-time reality session on day 2 of Sibos. During this session, NPP Australia, EBA Clearing and the ECB shared their IP experiences. This session came at a perfect time, […]

Interesting times in the world of payments

In all fifteen years that I have worked in the world of payments, I have never seen a more interesting period than the past few years. Just think about it: in the past, banks led major developments in the payment industry, which usually lasted for decades. ATMs, for example, have existed for more than half […]

Millennials are the driving force behind mobile payments

The number of cashless payments increased by 52 percent between 2011 and 2015, with a total of 471 billion cashless payments worldwide in 2015. While the use of cash is decreasing, there is a momentum for mobile payments. According to Dutch bank ING almost half of the European mobile device owners bank by mobile, which […]

Ease of Payment for Users, Complexity for Retailers

In the past, a loaf of bread bought at a bakery would be paid for in cash physically collected from a bank. Those days are long gone. The internet now offers all consumers a wide variety of purchasing options. They can decide where and when they buy a product and how they wish to pay […]

The uprising of mobile payments

If you’re in a store to buy coffee or a book and you have the possibility to pay with cash, credit card or with your mobile phone, how would you make the transaction? Almost everyone has a smartphone in their pocket, but paying with it isn’t second nature yet. According to a recent survey from […]