Visa Europe Predicts Boom in Mobile Payment Sector by 2020
Mobile payment methods will replace cash and cards in UK by 2020, according to research by Visa Europe. The study, which was concluded upon the participation of 12,015 European consumers, predicted that the UK markets will stem a whopping £1.2 billion/week, with six in ten Britons expecting to use their mobile device for making payments by the aforementioned year. At present, only one in 12 people use mobile payment methods. "The UK mobile payments boom will see an upsurge in the weekly value spent using mobile devices, with the market growing to an estimated £1.2 billion per week by....
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Visa Europe became the latest enterprise financial institution to announce a blockchain proof-of-concept this month, when it revealed it was working to leverage the emerging technology for remittances. But while many of its peers are seeking to pursue such projects on closed, proprietary ledgers, Visa Europe Collab innovation partner Jon Downing has clarified that the test project is being conducted on the live bitcoin blockchain. In interview, Downing and Edan Yago, CEO of blockchain services firm and project partner Epiphyte, discussed the initiative in new detail. Payments in the....
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