Shoppers have started to see the appeal of using their smartphones to pay for purchases in-store. Compared to many other countries worldwide, the US has been slow to adopt mobile payments, but Tap to Pay technology has started catching on among American shoppers. Adyen, one of the largest US payment services providers is now supporting this tech for retailers. Adyen has now officially launched support for Tap to Pay in its merchant networks and retailers. This has opened the door to allowing people using iPhone XS or newer, as well…
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Mobile payments are replacing cash and cards for younger consumers
A growing number of young people are turning to their phones to complete transactions. Young people are increasingly turning to mobile payments to make their purchases, as they use traditional transaction methods to a decreasing degree, said the result of new Marqeta data. The card issuing platform released the results of a recent survey of 4,000 customers across 3 continents. The Marqeta survey involved the participation of 4,000 respondents living on three continents. Of those respondents, 1,000 were from the United Kingdom. What the survey found was that most (61…
Read MoreCardknox launches contactless QR code payments
As the popularity of using smartphones and zero-contact grows, so do the number of services offering it. Using contactless QR code payments at points of sale has become quite commonplace over the last year and a half as businesses and consumers seek ways to transact without touching equipment. Cardknox Development has now announced that its app has become quick response code compatible. As a result, software developers seeking to add contactless QR code payments to their apps will have the means to do so. The Cardknox API makes it possible…
Read MoreHarnessing the Power of Contactless Payments for Your Retail Business
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…
Read MoreContactless mobile payments will see use by 100 million Americans this year
The pandemic has caused a sharp change in favor of the contact-free transaction methods in the US. Efforts to slow the spread of COVID-19 are being attributed to the trend toward the use of contactless mobile payments in the United States. Consumer shopping behaviors have altered to avoid touching commonly used surfaces. Before the pandemic, the adoption of contactless mobile payments had bee slow and gradual when compared to many other countries around the world. Consumers were satisfied with the convenience of using their credit and debit cards and didn’t…
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