For those of us who belong to Generation X, or even the lucky ones known as Millennials, looking back at payment methods in our youth takes us to a time when cash was king, and the predominant method of settlement. Point of sale (POS) terminals, when they arrived, were slow and limited to the major card types such as Visa and Mastercard.
Across the globe, contactless adoption has soared in the past eighteen months. However, the rate of adoption and changes in payment behaviour differ from country to country. Continuing our Contactless 2021 series, Fabien Darné, country manager for France at Ingenico, a Worldline brand, examines the latest trends in the French market and considers why the resilience of local business is providing the catalyst for change.
Usually, when you launch a new solution, there is a specific need or problem in mind that is being addressed. However, these initial developments can bear limited reality or cognizance to what the future may hold. Like the statue of David, back when it was merely a sizeable lump of marble, each bit gradually removed revealing its true purpose and the form it would serve.
Discover how Worldline through Ingenico has managed to significantly reduce the environmental footprint of its payment terminals through its eco-design approach, at the heart of its CSR strategy.
The eco-design of payment terminals is not a “nice-to-have” anymore. It is an obligation for every sustainable and responsible company. At Ingenico, a Worldline brand, we have put in place an innovative and preventive product-oriented approach to protecting the environment. Being the leader in payments starts with an eco-responsible attitude.
When we think about financial inclusion, it’s tempting to associate it with poorer populations in emerging countries where cash is still the driver for a high percentage of transactions. Even though 43% of sub-Saharan Africans have an account at a bank or with a mobile money service provider(1), the vast majority of purchases are still completed using cash. In Nigeria, for example, the rate is 95%.
In today’s fast-moving world, convenience and security are essential to success in payment. This has become even more relevant in the face of unpredicted challenges posed by the post-COVID ecosystem we now find ourselves in. Many behaviours have been impacted by the crisis, compelling consumers and merchants to move away from the physical world of commerce. In this article, we will focus on the Polish market, where these changes have been clearly demonstrated through dedicated studies.