Russian Standard Bank, Mobile TeleSystems and MasterCard international payment system have presented NFC SIM cards, which allow making one-touch payments for purchases and services using Mobile MasterCard PayPass® technology in 700k locations in 51 countries. The use of Russian Standard Bank NFC MasterCard card requires...
Supermarket Carrefour and convenience store Nisa launched a pilot test in Madrid and London, which uses Bluetooth Low Energy (BLE) beacons attached to trolleys and baskets to track a shopper’s journey around the store. Merchants are then provided with data on how shoppers move around...
The report “National Payments Schemes: Drivers of Economic and Social Benefits?” shows domestic payment schemes, which predominantly run debit cards, are an economic-sound alternative to international giants MasterCard and Visa as they offer customized services and local decision making. The study also showed their costs...
A research by Kantar Worldpanel forecasts fast moving consumer goods ecommerce will account for USD 53 B by 2016 vs. USD 36 B in 2013 making it grow to 5.2% from 3.7%. Country analysis shows that in South Korea 55% of people buy online and...
A report published during the Global E-commerce Summit in Barcelona shows Europe B2C e-commerce grew to EUR 363.1 B in 2013 a 16.3% increase vs. 2012. It is further forecasted to grow 17.2% to 425.5 Bn in 2014 and 19.8% CAGR to EUR 625 Bn...
French Groupement des Cartes Bancaires (CB) is testing a Natural Security Alliance approved biometric payment system, which would be available by EOY. In a first phase a fingerprint-reading chip will be integrated into a key fob and it is intended to sequentially incorporate it into...
Taxi drivers from London to Madrid plan to bring traffic to a halt this afternoon, across Europe’s most popular shopping and tourist locations, in protest of Uber, reports Bloomberg. The San Francisco ride-sharing app poses a threat to traditional taxi services globally, as its reach expands to...
A report by the UK Card Association shows that 74.5% of retail volume transactions (GBP 520 Bn) in UK were made using payment cards in 2013 vs. 46.5% in 2003. At the same time outstanding credit card debt was reduced to GBP 56.4 Bn vs....
The France-based e-commerce company Cnova NV filed an IPO last week. Cnova’s annual e-commerce sales hit $5.63 billion – mainly in France and Brazil – and the company added that it plans to raise as much as $100 million in new working capital. “Our strategy...
