Tag: non-cash’ payments

UK Ditches Cash For Cards, Africa Continues to Expand Mobile Money

Business, Mobile
2014 marks the first time that UK ‘non-cash’ payments outnumbered cash payments, in a total of 18 billion transactions. In its report, the UK Payments Council analyzed how cash was used by consumers in 2014 and how it could evolve in the next ten years. All in all, cashless payments in the UK continued their steady albeit slow rise in 2014, with 52% of all payments made via mobiles, the Internet or through debit cards and cheques. With Scandanavian countries, the UK is one of Europe’s fastest cashless growing societies while the rest of the EU tries (or not) to play catch up. Always at the forefront of innovative payment services, the UK has, for instance, introduced contactless payments already in 2007. Initially limited at £10, the contactless payment service was recently bumped up to