The wind of change in the payments world is gaining in strength as financial technology’s (fintech) potential to alter how, where and when payments are made is further explored and leveraged, World First COO Graham Stanton told Real Business.
After travelling the world, Nikolay Storonsky found that bank charges had inflicted heavy damage to his wallet – leading to the creation of Revolut. And after securing the Disruptor of the Year Award at the Everline Future 50 Awards, we caught up with him to see how he grew the firm using innovation.
Britain’s retailers must adopt contactless payments for expectant customers or get left behind. Those yet to embrace the tap and go method can learn from food and drink businesses, which are leading the charge.
Even before Apple’s entry into the market, the electronic payments sector has been changing rapidly with new devices and technologies entering the market more frequently than ever.
This September, the upper limit for contactless payments was officially raised to £30. Many entrepreneurs and small business owners might not even have registered this seemingly minor event, but we at Worldpay believe it could represent a significant moment in the evolution of payments.
The way that customers pay businesses is changing fast. From wearables to contactless technology, are you ready for the payments revolution?
The payments sector is worth more than £10bn a year for the UK economy. Why isn't the sector better recognised?