Payment

Research finds 83% of respondents used a QR code to process a payment

spike 5 hours ago

Ivanti has announced the results of a consumer sentiment study, which revealed that QR code usage continues to rise in popularity, with 57% of respondents claiming to have noticed an increase in QR code usage since mid-March 2020.

As the need for touchless transactions increased due to COVID-19, 83% of respondents stated that they used a QR code to make a payment (or complete a financial transaction) for the first time ever.

Of those respondents, over half (54%) used a QR code for a financial reason for the first time in the past three months alone.

The study is

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Plans for digital euro start to take shape post ECB public consultation

spike 7 hours ago

Plans for the much vaunted digital euro have started to take shape this week after the findings from the ECB’s public consultation and signals from Frankfurt that offer some relief to paranoid commercial banks worried about being sidelined by the latest disruptive technology.

Plans for digital euro start to take shape post ECB public consultation

With the pandemic accelerating the demise of physical cash, and private-sector crypto and stablecoins invading the space, the pledge last year of a digital euro within five years came before the European Central Bank knew exactly how it would function.

As nearly every central bank

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European Central Bank reports weak lending in Eurozone

spike 11 hours ago

According to the European Central Bank, demand for business loans in the eurozone fell and banks tightened credit standards in Q1 of 2021, a toxic combination that challenges the bloc’s slow economic recovery from the pandemic.

European Central Bank reports weak lending in Eurozone dampening recovery

The Central Bank’s latest lending survey released Tuesday, demand from companies for loans and credit lines fell for the third quarter in a row. The ECB said businesses seem to be postponing investments, as the pandemic triggers fresh lockdowns and other restrictions in many parts of Europe.

European companies tend to rely more heavily

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Payments data shows huge rebound for Retail, Pubs & Bars

spike 1 day ago

New payments data shines a light on the economic impact of the 12th April changes to social distancing in the UK, which included the re-opening of non-essential retail, outdoor hospitality and hair and beauty businesses.

Payments data shows huge rebound for Retail, Pubs & Bars and Hairdressers

Just one week since the changes came into force, Barclaycard Payments has already recorded significant growth across all the sectors that were allowed to re-open, stemming from the country’s pent-up demand for returning to pre-pandemic activities.

Last week’s changes caused a stampede of customers rushing back to hairdressing and beauty businesses

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