Payments Strategies to Mitigate the Risk of COVID-19: Learnings from China and Asia Pacific

On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic. At the time of writing, hundreds of thousands of lives and businesses have been affected. With multiple countries issuing bans on travel across borders and ordering shutdowns of cities and towns, many businesses are seeing the virus take its toll.

  • Customer Experience
  • Tech trends
  • Security & Fraud
  • Payment Services

Sweden heads towards being a cashless country

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.

  • Customer Experience

In-store mobile-payment volume soars

Researchers expect strong growth for contactless payments in the United States, despite the low adoption figures with American consumers.

  • Customer Experience

Chinese mobile payments 50 times larger than US

Chinese consumers made mobile payments worth $5.5 trillion in 2016, compared to the US’s $112 billion market, a new study has found.

  • Tech trends

3 out of 4 Apple Pay transactions happen outside the U.S.

Only a quarter of Apple Pay transactions come from its native US, according to Apple’s CFO Luca Maestri.

  • Customer Experience

Apple Pay transactions up by 450%

The volume of transactions using Apple Pay has increased 450% with the service now available via 20 million locations globally.

  • Tech trends