QR Code Press

Last year, the value of contactless payments rose almost 50 percent, says Barclay’s

02/22/202302/21/2023 John Montgallo

Contactless payments - Barclays POS contactless Payments

Users made an average of 220 tap-based transactions last year, totaling £3,327 per consumer. Last year, contactless payments spiked by 49.7 percent based on their total value as people throughout the United Kingdom headed back in-store equipped with tap-and-go technology. The £100 transaction limit appeared to work well for consumers as they shopped in person again. This data was released in a report from Barclays, which transacts almost half the debit and credit card spending across the United Kingdom. It went on to show that a record 91.2 percent of…

Apple Pay snags 48 percent of mobile wallet use

08/22/202208/19/2022 Jorge Gonzalez

Even with this massive share, its use represents only a tiny fraction of total retail payments. Mobile wallet use is beginning to take off, and Apple Pay is leading the way with a considerable market share. That said, even with such a high position among transactions made via smartphone, it barely represents a sliver of total in-store payments. The use of these payment apps for in-store commerce is rising but is barely there next to cash and cards. The new PYMNTS report titled “Mobile Wallets Adoption: Apple Pay @8 –…

Starbucks mobile payment app is second most popular in-person

08/31/202108/30/2021 Sam Lambert

When it comes to in-store digital wallet transactions, the coffee chain remains a leader. Starbucks has always been a leader among mobile payment app users, but even as digital wallets become more commonplace, it has managed to cling to a top spot among users, according to a new eMarketer report. The application established itself among consumers early and has managed to ride the trend. According to eMarketer data, the Starbucks mobile payment app brings in more transactions in-person than Google Pay and Samsung Pay. The only digital wallet that has…

PayPal mobile wallet transactions are the online leaders

06/08/202106/07/2021 Sam Lambert

Mobile Wallet - Person paying with phone

They are also gaining ground in-store, where they represent a quarter of phone-based transactions. Mobile wallet transactions had been slow to take off but received a shot in the arm during the pandemic, when consumers looked to contactless payment options. Now, PayPal is leading the way in transactions conducted online and is also gaining ground among in-store shoppers who are looking to their phones to complete their purchases. According to PYMNTS data, PayPal is the leader in virtually every digital payments category. The PayPal mobile wallet is leading the way…

Harnessing the Power of Contactless Payments for Your Retail Business

06/01/2021 Guest Post

The COVID-19 pandemic has majorly affected many industries and the retail industry is no exception. Retail businesses heavily rely on cash transactions and other payment methods that involve physical contact. Social distancing and other restrictions created big trouble for both consumers and retailers. Thanks to the latest technology of contactless payment that made it easier for retailers to offer a safe and advanced payment solution to their customers. The trend of mobile payments is gaining popularity and has now become an important part of the retail industry. Businesses that are…