As consumers dump cash and traditional point of sale hardware for contactless payments, PayPal has added support for QR codes in 28 countries. The QR code is generated from the PayPal app and sellers or merchants can print out a QR code placard for consumers to scan at their store or stall. The QR codes…
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Fears of catching coronavirus during the payment process has given a sharp boost in usage and awareness of contactless payments since the pandemic began, according to a new survey from Mastercard. Mastercard also reports more than 40% growth in contactess transactions globally during the first quarter of 2020, according to a Wednesday press release. About…
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After a flurry of high-profile universal mobile payment service introductions four years ago (Apple Pay, Google Pay, Samsung Pay), use of the services by consumers has generally softened. Should card issuers see this as just a speed bump or as the start of a disruptive customer detour? And what can issuers do to safeguard and…
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BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money between them are all feeling its effects differently. For banks, card networks, and processors, the digital…
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