| Payments NEXT news: UK $9.2 billion open banking market, smart speakers and voice payments, global news roundup & more |
| Welcome to Payments NEXT’s weekly news roundup
Our global news roundup includes coverage of the new Square business debit card, Fiserv’s acquisition of acquires First Data for $22 billion, AMEX $2 billion Q4 profit and Digital 360’s look at the top 10 internet retailers in 2018. There’s lots more, including Sears survival plan, UK open banking, the smart speaker market and voice payments, the National Retail Federation annual show, and the top biometrics’ applications from last year. Read more… |
| UK Open Banking is a $9.2B industry opportunity for disruptors
A PwC report says by 2022, “Open Banking” will provide a $9.2 billion (£7.2B) financial industry opportunity for fintech and other financial services disruptors in the UK. As many as 33 million UK customers are expected to sign up with the growing number of open banking services by 2022, although only 18% of consumers are aware of open banking and fewer can explain it. Read more… |
| Smart speaker use growing, will voice payments grow too?
A new NPR/Edison Research report provides valuable insight into the fast-growing US smart speaker market. The total number of smart speakers in US households grew 78% to 118.5 million devices in December 2018 from December 2017. That means 21% of US consumers aged 18-plus now own a smart speaker. That’s 53 million people. Even more impressive, 8% or 14 million US consumers purchased a smart speaker during the 2018 holiday shopping season. Read more…
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