U.K. Mobile Payments to reach 20 million users by 2020

U.K. Mobile Payments

The Centre for Economic and Business Research also sees large increases in purchasing over smaller screens. According to a recent report providing information on a study conducted by the Centre for Economic and Business Research (CEBR), the use of U.K. mobile payments is going to explode over the next seven years, while at the same time, people in the country will be using their smartphones and tablets to buy a growing number of products and services. The prediction is that this year’s $7.85 billion in purchases will have risen to…

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Mobile payments saw significant U.K. growth last year

Mobile Payments

A new report that monitored the acceptance of smartphone transactions has just been released. A new report from the British market research firm called yStats has just been released which shows the wrap up for the mobile payments use statistics throughout last year and the growth that it experienced. Even though the sector still hasn’t expanded at the predicted rate, it still saw some considerable increases. The most recent report from yStats was called “Global Mobile Payment Methods 2012”. It looked into the growth of mobile payments not only in…

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Mobile payments POS pilot launched by Intuit

mobile payments system point of sale

New system in the United Kingdom could offer some direct competition to Square. Intuit Inc. has announced that it is launching a new point of sale mobile payments pilot program for small businesses in the United Kingdom. The company will now be offering its GoPayment point of sale product to small businesses in the U.K. The new solution that is being launched is being called Intuit Pay. Its new offering will provide small businesses in the country the ability to process mobile payments both offline and online. The version being…

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Mobile payments launched in the U.K. by iZettle

The system implemented by the Swedish company has been compared to Square in the U.S. iZettle, a company from Sweden, has just announced that it has launched a mobile payments service similar to Square in the United Kingdom, and that it has now gone live for merchants to use. The service works with an app and reader device that plugs into a tablet or smartphone. iZettle is considered to be the main rival to Square in Europe as it expands into its second marketplace within the same number of weeks.…

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Mobile payments haven’t yet caught on in the United Kingdom

London Mobile Payments

A recent survey showed that contactless has yet to be seen in a positive light by most people. Although smartphones are spreading like wildfire throughout the United Kingdom, the same cannot be said about mobile payments, regardless of significant efforts that had been made to boost their popularity throughout the Olympics in London. Only 17 percent of people in the U.K. feel that a “cashless future” could be a more convenient one. This information came from a report about the results of a survey performed in the U.K. by Bank…

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