THE UK ranks as the world’s third most cashless country behind Canada and Sweden. Will Hurst, Head of Commercial Development at Monevo, part of Quint Group, has some thoughts on how to get ready for a world without paper and coins.

1 – Invest in Tech

Contactless transactions have long been the most common transaction method in the UK. Moving forward, your phone and wearable tech will no doubt see virtual cards replace your plastic.

Synopsys, Inc. and 

Temenos (SIX: TEMN), the banking software company, today announces that Codat has joined Temenos MarketPlace. Codat provides a universal API which connects to the most widely used business accounting platforms. Through Temenos MarketPlace, Temenos’ platform for connecting banks with the best in complementary fintech solutions, the company will provide pre-integrated access between banks and their Small and Medium-Sized Enterprise (SME) clients’ accounting packages.

eNett International, a leading provider of integrated B2B payment solutions for the travel industry, has entered into a definitive agreement to be acquired by WEX Inc. (NYSE: WEX), a leading financial technology service provider.  The transaction also includes the acquisition of Optal, a shareholder of eNett and the primary issuer of eNett payments.

Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment by Mastercard that underscores confidence in India’s growing economy.

The investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the region. The collaboration will deliver an extensive range of card and real-time payments-based instalment financing at checkout – in-store and online.

TradeTech 2020 unites Europe’s top equity trading leaders including regulators, sell side, trading platforms, technology partners and over 500 senior buy side. This is your unique opportunity to join the leading buy side in using data and technology to thrive in the post-MiFID II liquidity landscape.

LexisNexis® Risk Solutions, the global analytics provider, is today reacting to the European Commission’s announcement that it is preparing to clamp down on those countries who have failed to implement the 5^th Anti-Money Laundering Directive (5MLD), by issuing a guide to help firms comply with new rules.

SoFi, the digital personal finance company, and Mastercard today announced a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million (and growing) SoFi members.

MUFG Union Bank N.A.

Expenditure on European payment cards has grown by a third since 2014 to reach €3.9 trillion, as cards are used increasingly for everyday purchases

Rapidly rising usage spurs card spending

RBR’s latest research, Payment Cards Issuing and Acquiring Europe 2020, shows that in 2018 cardholders in the UK, France and Germany spent the most, with the total increasing by 26%, 19% and 22% respectively since 2014. The fourth largest market, Russia, saw spending double over the same period.