Over the last 4 years we have seen the payments industry in “disruptive change”. Well established organisations have all been challenged by alternative players and all are moving through change cycle stages with varying degrees of speed and success. What appears to be most interesting now is that several of the established players are reaching…
We’ve talked about mobile commerce and how new ways to pay would have an effect on cards, but maybe the biggest shift we will see in the near term is mobile phones taking on the role of the payment terminal. Following the success of Square in the US (processing $5bn p.a.) and iZettle in Europe…
It is very easy to say that the Alternative Payments Methods; Mobile, Square, iZettle, e-Commerce, Cloud Wallets etc., are approaching mass and will “replace” cards in the future. Appropriate historical analogies could be: “Cards are the end of Cash” – a statement recurring for about 40 years, or even the “Chip is the end of…
There has been a considerable acceleration of change within the mobile market space where both the NFC enabled players (Google Wallet) and non NFC Players (PayPal / Square / I Zettle) continue to create the new flight path whilst the schemes, banks and processors play catch up. Banks are only now beginning to publish their…