Ingenico Experts / Shaping the future of payment
Ingenico Experts / Shaping the future of payment
By Anand Ramachandran, CFO, TechProcess Payment Services, Ingenico Group
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.
Commuters in Guangzhou with UnionPay cards can now pay for their ride via their iPhone or Apple Watch at over 6,000 subway gates.
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.