Ingenico Experts / Shaping the future of payment
Ingenico Experts / Shaping the future of payment
By Sunith Menon, Managing Director Ingenico India
Greater use of electronic payments could provide benefits of $470 billion across 100 cities included in a new Visa-commissioned study, a gain that is roughly 3% of their combined GDP.
Sweden lays claims to be the most cashless country on earth, with coins and notes used in less than a fifth of transactions as everyone and everything from public transport to homeless people switch to card or mobile payments.
Researchers expect strong growth for contactless payments in the United States, despite the low adoption figures with American consumers.
Only a quarter of Apple Pay transactions come from its native US, according to Apple’s CFO Luca Maestri.
The number of people using Apple Pay, Android Pay, Samsung Pay and other forms of smartphone payments will top 150 million by the end of the year, according to figures released by Juniper Research.