The Falkland Islands are among the most remote places on earth: an untamed expanse of boundless landscapes and wild ocean, where penguins outnumber people one hundred to one. But they’re also a place of inspiring and resilient local businesses, run by enterprising locals. And now, the Falkland Islanders are running and growing their businesses with the latest technology from Square and Mastercard. With […]
Amazon has opened its first “just walk out” grocery store in the UK where shoppers can pick up their goods and leave without having to visit a till. The Amazon Fresh store in Ealing, west London, is a “contactless” shop available to anyone signed up to Amazon and with the app on their phone. Checking out the checkout-less store Lockdown travel […]
“Customers, helped by external cash dispensers and by credit cards can get along surprising well without often visiting their bank.” D. Vander Weyer, Barclays, 1970. Thanks to innovations like the credit card, after 50 years we have an increasingly ‘cashless’ and an almost ‘chequeless’ society. Also, how often do we visit our bank branch? (If our bank actually has any […]
With contactless payments accounting for 37 per cent of all credit card and 59 per cent of all debit card transactions it is perhaps, no wonder, that the Chancellor has announced an increase in the UK’s contactless payments limit. In his speech the Chancellor announced that the single contactless transaction payment threshold limit will rise to £100: Following today’s budget […]
Roses are yoursViolets are mineIn Blighty we PINThe Yanks still sign On this anniversary weekend the folks at Consult Hyperion are getting all romantic. On this anniversary weekend Consult Hyperion recall that their romance with smart cards started many years ago. Dave Birch recalls that it will be fifteen years on Sunday that chip and PIN went live in the UK […]
Statista report that most South Koreans wouldn’t trade their cashless payments for anything. In Japan, Spain and France between 60 and 67 percent of people prefer cashless payments and the least people were in favour of cashless payments were in the Philippines at 33 percent. The share of respondents who said they preferred to pay without cash in selected countries: Source: […]
On Friday Trilo powered their first POS/in-person payment with Open Banking. Until then customers could only pay in shops via card or cash, now this has changed. Trilo gives merchants and customers the ability to make and receive payments with no hardware or software required. Merchants can use their tablet or phone to create a payment. The customer then scans the QR code. Customers […]
Card payments would have been introduced on North Isles ferries by now if it wasn’t for coronavirus restrictions, councillor says. Source: Shetland News. A former banking industry chief who visited Shetland while attempting to live without using notes or coins in a “cashless” experiment has welcomed trials of card payments on inter-island ferries. Having to pay by cash or cheque […]
Evolving consumer preferences and digital transformation are boosting European cashless transactions. The Covid-19 pandemic has accelerated this trend, exploiting a need for safer and more convenient payment methods both for remote and physical transactions. However, cash remains the preferred means for payments in Italy. A guest blog by Marco Folcia, Sara Marcozzi, Tommaso Gheduzzi and Niccolò Polcri, PWC Italy. Digital […]
Don’t ask me ask the 71% of people that have replaced all or some of their cash habits. Moving quickly and responsibly to a cashless society Earlier this week I took part in the second PHOS Steering Group on the subject of “Moving quickly and responsibly to a cashless society. This second Steering Group discussed “understanding and removing the barriers to a cashless society”. Over the last six […]
Frictionless and contactless – you can now order McDonald’s hands-free with Siri and Apple Pay McDonald’s has launched a brand-new function on the My McDonald’s App where customers are now able to order and pay for their food using Siri and Apple Pay. Hands-free ordering is no longer a thing of the future as the latest innovation runs across all […]
Car drivers in the US can now use Amazon’s Alexa to pay for fuel with a simple voice command. Available at over 11,500 Exxon and Mobil stations across the US, the “Alexa, pay for gas” command uses the default payment option set in the user Amazon account. The process – which includes geo-location at Exxon and Mobil stations, pump activation, […]
Use the slider to spot the difference at the Kettledrum Cafe in Rothesay on the Isle of Bute Back in February I made a confession – I paid cash for a beaut Bute meat pie. I am sure I could have purchased a cashless sandwich from the COOP but when faced with a bueat Bute steak pie and chips at […]
August marks another cashless year for me, you may remember my last anniversary blog “Don’t think of it as going cashless, think of it as an upgrade to the 21st Century”. You’ll see that this time last year I set myself two key challenges – to banish the paper receipt and maximise the use of frictionless payments – which I have […]
This article first appeared in the Payments, Payments, Payments newsletter – read, subscribe and share: northeypoint.substack.com/welcome The start of lockdown in March 2020 saw the use of cash in the UK halve in a matter of days. Has this begun a move towards becoming a cashless society? What are the benefits, opportunities, and concerns of such a change? It may […]
As a cashless advocate tipping is the final frontier for me – whilst I find that most places provide digital tipping options my favourite restaurant and my barber both have stuck to cash only tips for their staff. After reading about thankU in the Daily Telegraph and The Times I invited thankU creator Adrian Harris to write a guest blog […]
