It’s not like Visa and MasterCard haven’t tried to get US consumers to embrace contactless cards. But according to a recent infographic released by Visa, only 0.6% of US consumers used contactless payments as of September 2017. Contrast that with some of the biggest adopters ...
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Banking
Banking
India’s leading online shopping site Flipkart, now 77% owned by Walmart, launched a cashless credit program that will give shoppers access to an instant credit line of up to Rs 60,000 ($834 USD) to buy products on the e-commerce marketplace. The announcement comes just ahead ...
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Google and four Indian banks will offer Indian consumers instant loans in the ultracompetitive $1 trillion Indian digital financial market. According to a Bloomberg report, “HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, and Federal Bank Ltd to offer instant, pre-approved loans to customers right within Google Pay ...
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It’s very surprising the check clearing system in the UK has not kept pace with new technologies in most other markets around the world. By the end of this year, UK financial institutions will all finally adopt a new image-clearing system that replaces a traditional ...
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For the first time in the UK, debit cards have taken over from cash as the consumers’ preference for payments. New research from UK Finance shows consumers made 13.2 billion debit card payments in 2017 compared to 13.1 billion payments in cash. This comes a ...
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Our newsletter today features a new research report from CSI & The Center for Generational Kinetics on millennial banking habits and preferences and how banks can win over and keep these profitable bank customers in a digital, competitive world. We also highlight an excellent profile ...
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Millennials are entering the wealth-accumulation phase of their lives and are driving all major banking trends. A new CSI and The Center for Generational Kinetics research report provides insight into these new millennial banking preferences and behaviors and what millennials now need and want from ...
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Today, we’re looking at PayPal’s campaign to bring in new customers from the nine million “unbanked” US residents who either don’t use a bank or don’t like using banks. We examine how traditional banks are losing mobile customers because their user experience on bank mobile ...
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Got no bank? You may be just the customer PayPal is looking for. Of course, more than 227 million worldwide customers know and likely use PayPal often for payments services. PayPal doesn’t have a US bank license but that hasn’t stopped it from moving further ...
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New research by MasterCard shows that UK shoppers are keen to make contactless payments using smart devices such as rings, bracelets and smart watches. More than 50,700 consumers were surveyed in nine EU countries and 26% of UK residents said they would be willing to ...
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