Future of Payments

Latest 2015 figures from the Payments Council show cashless payments have overtaken the use of notes and coins in the UK for the first time. However, with many consumers still cautious about mobile payments and near-field communications (NFC) technology, the UK’s move to a cashless future looks set to be a controlled explosion. This report explores the payments industry’s key challenges and opportunities, its fragmented and competitive landscape, the latest innovations and emerging star players, the move to mobile, currency volatility, and how financial services are transforming payments methods