PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Apple and More Mobile Payments Rumors

By Will Hernandez
January 27, 2014
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Visa Europe is touting Slovakia as the showcase market for contactless payment technology.

Some 1.43 million contactless enabled cards are in circulation and consumers are using them to initiate about 1 million contactless transactions per month, or about seven percent of all Visa transactions, according to Visa.

Tatra Banka, one of the leading contactless card issuers, since 2010 has experienced explosive growth thanks to the technology, particularly in the past year. The bank’s contactless payments now account for about 44 percent of its payment card transactions. The value of those transactions increased to €16.5 (US $21.78) million in 2012 from €3.3 the previous year.

Michal Liday, member of the board of Tatra Banka responsible for retail commented on why Slovakia is a forerunner in contactless technology adoption:

“Slovaks like innovations. Since we introduced contactless payment cards in 2010 its use has grown rapidly. And nowadays our clients pay contactless with pleasure using their mobile phone.”

Additionally, Tatra recently partnered with telecommunication giant O2 to boost mobile contactless payments. Tatra customers who have NFC-enabled smartphones can switch their SIM cards at any local O2 branch for one capable of making contactless payments at the more than 12,000 contactless-enabled terminals scattered throughout Slovakia.

While contactless has yet to really take off in the United States, a number of European countries are seeing contactless payments grow significantly in the past year. The United Kingdom has experienced significant growth as retail giant Marks & Spencer recently announced it is processing over 230,000 contactless transactions every week (https://www.paymentsjournal.com/Page.aspx?id=16754&terms=marks+). The technology, however, still has a ways to go before it becomes a staple payment instrument in consumers’ eyes.

Click here to read more from Finextra.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result