Traditional cash pocket money is dying out as increasing numbers of parents are paying their childrenâ€™s pocket money digitally, according to new research from financial technology company Intelligent Environments. However, in spite of an increasingly digitally-native generation of youngsters, only two UK high street banks cater for children under the age of 11.
The days of the best man chasing the groomâ€™s mates to get their contribution to a weekend of revelry, a tatty envelope going round the office collecting cash for a colleagueâ€™s birthday gift, or a jam jar stuffed with cash in a shared house could well be a thing of the past with the launch of KiTTi, a brand new money management app from Santander.
Apple has announced that its payment service, Apple Pay, is launching in the UK this July.
iZettle has announced that it is the first major mobile payments company to offer small businesses a card reader that enables contactless payments and supports the long awaited Apple Pay.
iZettle, which claims to be “Europeâ€™s number one mobile payments provider” has extended its European expansion to the Netherlands.
Public transport in London has been pretty advanced when it comes to the use of contactless payments, but a problem has been uncovered whereby Oyster Card users could find themselves double charged, all thanks to the simplicity of the payment.
Mastercard has announced that it is bringing a thumbprint-reading card to the UK, which it hopes will improve card security and do away with PINs.
Leaving aside Apple’s latest shiny hardware, in the shape of the iPhone 6, iPhone 6+ and the forthcoming Apple Watch, for those of us interested in personal finance, the most important announcement atÂ yesterday’s event was the launch of Apple’s mobile payment system, Apple Pay.
The following infographic from Mobile Payments Today and Cellum takes a look at how mobile payments are currently being used and how they may change over the next few years.
iZettle has announced it is going to be given a significant boost thanks to a â‚¬5m investment from Banco Santander.