The Internet of Things (IoT) has the power to completely transform the in-store payment and shopping experience and retailers must now ask themselves how they can use this technology to bring new and meaningful experiences to their customers, says Wirecard’s executive vice president of mobile services Jörn Leogrande.
This eight-page white paper produced by Rambus looks at how digital wallets can benefit retailers and enable next-generation retail experiences.
Although the Russian payments market is characterised by little contactless infrastructure and simple mobile devices without NFC technology, the percentage of people paying for goods and services using mobile devices is growing fast, writes Yandex Money’s business development director Maria Gracheva.
The introduction of the EU’s revised Payments Services Directive (PSD2) will create a range of challenges for payment service providers who will have to comply with new requirements for stronger authentication and data sharing while also adapting to competition from new entrants, says Helene Oger-Zaher, retail banking conduct supervision expert at the European Banking Authority (EBA).
Leading international innovators look into the future of blockchain, wearables, IoT, AI, chatbots, mobile, HCE and more in this 104-page special report from the NFC World team which examines the latest payments trends and technologies from around the world.
Blockchain is a promising technology that has the power to disrupt financial services and, more specifically, the payment ecosystem but the road to success is long, says Jean-Noël Georges, global program director at Frost & Sullivan.
Rising consumer demand for efficient and personalised interactions with banks and retailers has led to a surge in the development of digital assistants and chatbots, writes Barclaycard’s managing director of future payments Nick Kerigan and director of future payments Sanjaya Shrestha.
Rapid change in the payments market is leading to commerce experiences that are more seamless in nature and more convenient for the end user, writes Pizza Hut’s director of digital ventures Meysam Moradpour.
Demonetisation, the Indian government initiative to cut the use of cash, has boosted the adoption of digital payments in a country where cash has traditionally been king.
The Swatch Bellamy with its integrated NFC payments function was a natural addition to the Swiss watchmaker’s line-up, according to creative director Carlo Giordanetti.