Tag: emerging payments
New and emerging payments
I keep using the description ‘new and emerging payments’. I think I need to change my words in some instances. Whilst updating account information I noticed that I have had a PayPal account since 2004. A further quick search and I found that PayPal was founded in 1998. Today PayPal revenue exceeds $5.6bn. Emerged and not new…
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Cash Remains King in UK Shops
Alternative/emerging means of payment, such as online payments and money-off coupons, grew last year seemingly by 150%, although these remained a fraction of the total. But cash remains the dominant payment mechanism. Cash is still the most popular form of payment in UK shops but the popularity of vouchers and coupons is on the rise,…
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The $144,146,165 Button
Just think, one button that increased New York City cab revenues by $144,146,165…per year! This is an unintended benefit of emerging payment technology i.e., in this case, mobile card payment acceptance. Read the full story and the calculation via The $144,146,165 Button. Contrast this to my London experience today, “Sorry cash only. Credit card machine not working.” I wonder how many London taxi…
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