France wasn’t the only winner at the FIFA World Cup: Payments innovation won big, too, with contactless payments accounting for 45 percent of all Visa purchases in the 11 host cities. Fans from Poland, in particular, made a whopping 74 percent of Visa transactions using...
A new report has found that the global installed base of point-of-sale (POS) terminals grew to almost 109 million units in 2017. “The world is continuously shifting from coin and paper-based payments, such as cash and checks, to electronic forms, such as payment cards and...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes SIX Payment Services’ and Mastercard’s rollout of cashless payments at a renovated stadium in Austria. In addition, the Monterrey Digital Hub in Mexico has opened, and PT NFC Indonesia has held an...
Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of...
November 11, 2024
Singapore’s FOMO Pay has teamed with Mastercard to debut a tap-on-phone payment solution. FOMO SoftPOS, announced Friday (Nov. 8), lets merchants accept contactless card payments directly on their smartphones with the FOMO Pay app from the Google Play Store. The companies noted in a news release that Singapore is the first Asia-Pacific region company where […]
July 17, 2018
A new report has found that the global installed base of point-of-sale (POS) terminals grew to almost 109 million units in 2017. “The world is continuously shifting from coin and...
July 06, 2018
Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and...
March 14, 2017
A new report by Global Market Insights reveals that the market size for mobile POS terminals will gain significant growth in the coming years, with a compound annual growth rate (CAGR)...
