Welcome to our regular roundup of the best news and opinion on mobile payments.
India’s mobile payments market is ready to boom – Payments Source
Despite having the world’s second largest population, India has a payments infrastructure which lags far behind the rest of the developed world. With 1.3 billion people who are mostly unbanked in an economy where 85% to 95% of all transactions are still conducted in cash, few other markets have such an opportunity to revolutionise payments. This slideshow examines the key issues in this market.Cashless payments for congregations
Cashless payments for congregations – Charity Digital News
The Church of England is embracing cashless payment technologies in a bid to make donations and other transactions faster and easier for the Church’s congregations. Following a trial last year over 16,000 churches, cathedrals, and religious sites will now have access to portable card readers through the Church of England’s Parish Buying portal.
The UK government is exploring future developments when it comes to digital payments. In the recent Spring Statement Philip Hammond introduced several measures which could have a direct impact on the digital payments marketplace. Interested parties should contribute by taking part in the consultation which has been launched and to which this article links.