Irish consumer spending continued to increase at a sharp pace during November as household expenditure rose +7.9% year-on-year (YOY). This represents the sharpest seen in the 15-month series history.
As the European Banking Authority (EBA) develops its Regulatory Technical Standards, and as the EU Member States consider the detail of PSD2, any regulation governing online payments should enable and encourage the e-commerce sector to balance the twin considerations of risk and convenience (otherwise growth would be stifled and costs would increase).
Europe’s most used mobile payment solution, SEQR is aiming for the launch of NFC (near field communications) payments in the first quarter of 2016.
Until now, SEQR customers have been able to use their phones to make payments in stores where SEQR have an integration to the merchants’ cash register. SEQR customers will be able to shop with SEQR in any store that has NFC enabled card terminals, whether or not a merchant has a direct agreement with SEQR.
In today’s CardFlash News Que: AFFIRM (3dcart); SUMUP (mPOS); CREDITERA (Nav); and BUZZ POINTS (Kent’s).
Irish consumer spending continued to increase at a sharp pace during September as household expenditure rose +5.4% year-on-year (YOY). This represents the thirteenth month of unbroken growth which has been recorded since the series began in September 2014.
Germany is one of Europe’s largest payment cards markets, and is the third-largest in terms of annual card transaction value. It is still far from being recognized as a fully mature market, however, as the average number of monthly card transactions by consumers in Germany was 2.5 in 2014, much lower than France (9.4) and the UK (6.5).
Irish consumer spending continued to increase at a sharp pace during August as household expenditure rose +5.6% year-on-year (YOY). However, it was slightly weaker than the +6.1% expansion recorded in the previous month but still the joint-second fastest in the 12 months of the series so far.
UK household spending is going gangbusters with a +1.9% year-on-year (YOY) increase in spending in August. It was the strongest increase in Recreation & Culture spending in six years. Misc. Goods & Services (which includes hairdressing and jewelry) also reported strong growth (+12.1%).
In today’s CardFlash News Que: EBANK (debit cards); MasterCard (Media-Saturn); LOYLOGIC (PayPoints); and WISEKEY (conference).
CardWeb.com’s CardData Reports today features the
“Europe Online Payment Methods: First Half 2015” by yStats.
Yapital and A&O HOTELS and HOSTELS have teamed to enable fast and easy payment by smartphone at 21 A&Os in Germany. Guests simply need to open the free Yapital app on their smartphones, scan the QR code displayed on the card terminal and confirm the amount.