Cashless society

2021 Insights on the Cashless World - Focus on the Evolving Payment Environments in Key Asia Pacific and Western Markets - ResearchAndMarkets.com

Retrieved on: 
Monday, June 28, 2021
Banking, Data management, Professional services, Technology, Software, Economy, Money, Finance, Payment systems, Cashless society, International finance, Digital currencies, Cash, Financial inclusion, Mobile payment, Digital wallet

In markets where there is a large financially underserved segment, mobile wallets have proved an efficient way of providing access to banking and payment facilities.

Key Points: 
  • In markets where there is a large financially underserved segment, mobile wallets have proved an efficient way of providing access to banking and payment facilities.
  • In such markets, internet infrastructure is crucial to ensuring financial inclusion for this segment of society, which in turn will increase the cashless payment rate in the market.
  • Markets with smaller populations can learn from the cashless progression of countries like Sweden and adopt some of the steps they have taken.
  • Linking up a national ID, bank account, and mobile phone number as part of a mobile payment system is a smart and efficient way of implementing a wider national cashless payment system.

Digital Payment Services to Have Strong Impact on Urban Transit Systems | Discover Company Insights on BizVibe

Retrieved on: 
Thursday, June 24, 2021
Money, Finance, Mobile payments, Cashless society, Contactless payment, EMV, Radio-frequency identification, Public transport, Contactless, Contactless dining, Mobility as a service

BizVibe has identified the increasing use of digital payment services as a major trend for the urban transit systems industry.

Key Points: 
  • BizVibe has identified the increasing use of digital payment services as a major trend for the urban transit systems industry.
  • To reduce risks during the COVID-19 pandemic, many passengers are opting for contactless payments and mobile payment applications during their trips.
  • This trend is expected to have a strong influence on urban transit system companies around the world.
  • The urban transit systems industry group features 400+ company profiles categorized into multiple product and service categories.

CleverTap Engage: Mastercard Executive Discusses Importance of Experiential Marketing

Retrieved on: 
Wednesday, June 23, 2021
Marketing, MasterCard, Engagement marketing, Advertising, Money, Cashless society

Under his leadership , Mastercard shifted from traditional advertising to experiential marketing, empowering consumers to create their own memorable experiences.

Key Points: 
  • Under his leadership , Mastercard shifted from traditional advertising to experiential marketing, empowering consumers to create their own memorable experiences.
  • "Determining the right ways to pivot this past year was crucial for corporations to engage customers authentically in the digital realm," said Dave Dabbah , CMO of CleverTap .
  • "When their customers needed it most, Rajamannar and Mastercard set a powerful example of how connection can be established and superior value created.
  • Mastercard's marketing strategy success throughout the pandemic serves as testament to the advantage of personalized engagement."

Noble Digital Commerce Network Expands in Richmond to Provide Attendees and Operators of Live Event Venues Consistent Contactless Concession Ordering

Retrieved on: 
Wednesday, June 23, 2021
Software, Mobile, Wireless, Entertainment, LGBTQ+, Events, Concerts, Family, Consumer, Technology, Food, Beverage, Retail, Theatre, Telecommunications, Cashless society, International finance

Noble, the consumer-centric digital commerce and marketing platform for onsite experiences, announced today the company has expanded its digital commerce network for contactless concessions in Richmond, VA.

Key Points: 
  • Noble, the consumer-centric digital commerce and marketing platform for onsite experiences, announced today the company has expanded its digital commerce network for contactless concessions in Richmond, VA.
  • The Noble mobile concession ordering platform is transforming the way patrons order food and drink and assists venues in managing operational changes to meet consumer expectations at live events.
  • Its cashless online ordering servicecurrently available at 200 venues across the countryallows for contact-free ordering of food, drinks and even merchandise all from their phones.
  • Noble is standardizing the digital food and drink ordering experience by connecting entertainment seekers with local entertainment venues with a simple digital ordering solution.

Sports Illustrated Launches SI Tix: A Fan-First, Innovative and Multi-Feature Ticketing Platform With a Revolutionary $10 Flat Fee

Retrieved on: 
Wednesday, June 16, 2021
Technology, Mobile, Wireless, General Sports, Sports, Publishing, Entertainment, Communications, Events, Concerts, Theatre, Payment systems, Mobile payments, Online payments, Cryptocurrencies, Money, Cashless society, PayPal, Venmo, PayMe

SI Tix takes a revolutionary approach to fan ticketing for both sports and entertainment and will launch with its official payment provider, Venmo and PayPal.

Key Points: 
  • SI Tix takes a revolutionary approach to fan ticketing for both sports and entertainment and will launch with its official payment provider, Venmo and PayPal.
  • SI Tix puts the fan experience first with a nominal $10 flat transaction fee for all tickets purchased with Venmo and guarantees a 100% refund if, for any reason, an event is canceled.
  • With the launch of SI Tix, were excited to give Venmo customers access to a new marketplace as the first payment provider offered on the ticketing platform.
  • With the largest audience in the industry, the SI Tix marketplace connects more buyers and sellers than any other ticketing platform around the world.

Teampay Launches Digital Corporate Card in Collaboration with Mastercard

Retrieved on: 
Wednesday, June 16, 2021
Credit cards, Money, Finance, Cashless society, MasterCard, Payment systems

Catalyst by Teampay is the first corporate card built on the foundation of the Mastercard digital first experience.

Key Points: 
  • Catalyst by Teampay is the first corporate card built on the foundation of the Mastercard digital first experience.
  • With its sleek design, the Catalyst card is numberless, allowing cardholders to access their information via digital environment.
  • Additionally, cardholders can easily lock the physical card if misplaced, access their transaction history and balance information, receive alerts, and view card benefits.
  • Catalyst by Teampay is a groundbreaking step forward for the future of corporate cards, said Andrew Hoag, CEO of Teampay.

Cashless Tipping And Secure ID Verification Among Virgin Hotels' Latest Mobile App Innovation

Retrieved on: 
Tuesday, June 15, 2021
Economy, Articles, Businesspeople, British brands, Smartphones, Knights Bachelor, Richard Branson, Squatters, Virgin Group, Cashless society, Smartphone, Gratuity

MIAMI, June 15, 2021 /PRNewswire/ -- Virgin Hotels , the growing lifestyle hotel brand by Virgin Group Founder Sir Richard Branson, announces the latest updates to their mobile app Lucy, which now offers even more contactless features for guests to employ from their smartphones including secure ID verification and cashless tipping ability.

Key Points: 
  • MIAMI, June 15, 2021 /PRNewswire/ -- Virgin Hotels , the growing lifestyle hotel brand by Virgin Group Founder Sir Richard Branson, announces the latest updates to their mobile app Lucy, which now offers even more contactless features for guests to employ from their smartphones including secure ID verification and cashless tipping ability.
  • By joining Virgin Hotels' Loyalty and Preferences program, The Know , guests can access the latest version of Lucy and its exciting new features, including pre-arrival identity verification, cashless tipping ability, and expanded room controls.
  • "With the addition of the exclusive use of our app Lucy, Know members now have access to extraordinary experiences at Virgin Hotels."
  • The updated mobile app is now live at all four Virgin Hotels in Nashville, Dallas, Chicago, and Las Vegas.

Mastercard Focuses on Digital Identity Innovation with Close of Ekata Acquisition

Retrieved on: 
Wednesday, June 9, 2021
Professional services, Data management, Security, Technology, Software, Finance, Banking, Credit cards, MasterCard, Money, Finance, Cashless society, Identity verification service

Mastercard (NYSE: MA) today announced it has completed its acquisition of Ekata, a leading provider of identity verification services that help businesses make more informed decisions during online account opening, payments and a variety of other digital interactions.

Key Points: 
  • Mastercard (NYSE: MA) today announced it has completed its acquisition of Ekata, a leading provider of identity verification services that help businesses make more informed decisions during online account opening, payments and a variety of other digital interactions.
  • Were delighted to welcome the Ekata team to Mastercard, said Ajay Bhalla, president, Cyber and Intelligence, Mastercard.
  • Proving your identity is critical to creating trust in our increasingly digital world.
  • Ekata's identity verification data, machine learning technology and global experience will add to Mastercard's fraud prevention and digital identity programs.

Mastercard Foundation to Deploy $1.3 Billion in Partnership With Africa CDC to Save Lives and Livelihoods

Retrieved on: 
Tuesday, June 8, 2021
Mastercard Foundation, Online payments, Credit cards, MasterCard, Africa Centres for Disease Control and Prevention, Money, Cashless society, Payment systems

This initiative is about valuing all lives and accelerating the economic recovery of the continent," said Reeta Roy, President and CEO of the Mastercard Foundation.

Key Points: 
  • This initiative is about valuing all lives and accelerating the economic recovery of the continent," said Reeta Roy, President and CEO of the Mastercard Foundation.
  • The Africa CDC is calling on governments, global funders, the private sector, and others to help meet this goal.
  • The initiative builds on an earlier collaboration between the Mastercard Foundation and the Africa CDC to expand access to testing kits and enhance surveillance capacity in Africa.
  • The Mastercard Foundation is a Canadian foundation and one of the largest in the world with more than $39 billion in assets.

Digital Payments Market Report 2021: Transaction Value was $5.44 Trillion in 2020 - Global Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026 - ResearchAndMarkets.com

Retrieved on: 
Friday, June 4, 2021
Software, Technology, Professional services, Finance, Articles, Economy, Cashless society, International finance, Cash, Payment, Business

The "Digital Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Digital Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
  • The transaction value for the Global Digital Payments Market was USD 5.44 trillion in 2020, and it is projected to be worth USD 11.29 trillion by 2026, registering a CAGR of 11.21% during the period of 2021-2026.
  • This is expected to substantially spur the growth of digital payment methods across various economies.
  • Further, even before the pandemic, the demand for cashless payments, was driven by greater convenience, favorable government policies, and evolving consumer behavior.