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Scoop.it!
In the first major deployment of contactless technology on bus services outside London, Stagecoach has announced plans to bring tap-and-go payments t 
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Scoop.it!
Finextra: Spectacular growth in the volume and value of contactless payments across the European Union during 2014 has set the scene for a mass-market breakthrough over the coming years as new mandates by Visa and MasterCard accelerate the roll out of new cards and terminals across the region.
Vineet Anand's insight:
New mandates from Visa and MasterCard to drive usage and issuance of contactless cards. MasterCard and Visa have both mandated that new terminals should be capable of accepting contactless transactions by the beginning of 2016 and all existing terminals should be converted by the beginning of 2020.
Scoop.it!
MasterCard is betting that a surge in the use of contactless cards across Europe will act as a gateway for the mass adoption of mobile phone payments.
Vineet Anand's insight:
Contactless terminals in 2012 was 2.6million, which has grown to 9 million end-2014. Research estimates 70% of terminals will be NFC ready by 2019!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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76 million cards in UK now contactless, growth of 40% over next year. Contactless is enabled at London's 9,600 buses and with Stagecoach moving towards contactless with mobile NFC acceptance to fuel further growth.