Mobile order-ahead tackles new markets in U.K. retail payments

Mobile order-ahead payment schemes are set to transform the U.K. retail industry over the next few years with leading payments providers and high street businesses vying to capitalize on this emerging digital trend. The new market has grown rapidly in popularity in the U.S. since 2015, instigated by quick service giants such as Starbucks, Domino’s, Taco Bell and, most recently, McDonald’s — companies which have all developed technology to provide order-ahead payment services through their mobile apps. Such is the pace of progress that Business Insider estimated order-ahead payments to…

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A Canadian prepaid company sees more opportunity in the UAE

Mint Corp. is taking advantage of the UAE government’s ambitious plans to develop a digital, cashless society. Mint began life as a provider of Mastercard-branded prepaid cards for Canadian retail brands. Because of Canada’s very high banking penetration, it chose to withdraw from the Canadian market in favor of targeting unbanked migrant workers in the UAE. The Toronto-based company is building on its existing UAE prepaid cards program to develop a set of products for the Middle Eastern country including domestic debit cards, mobile wallets and a remittance platform. Estimates…

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Americans Increasingly Getting Into Mobile Payments, Says Report

June 29, 2018         By: Steven Anderson It’s interesting, but while plenty of Americans have smartphones, their use of smartphones to make payments is actually somewhat behind the rest of the world. However, some new studies presented by The Economist suggest that this may just be a temporary issue, and that mobile payments in America are really catching on. One projection notes that, by 2022, contactless payments will make up about a third of all electronic payments in the US. What’s more, mobile payments will hit $282 billion by 2021,…

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