The annual transaction value of online, mobile and contactless payments may reach $4.7 trillion (£2.7 trillion) by 2019, claims new research.
If you thought the Samsung vs Apple smartphone war was something, allow me to quote the Bachman-Turner Overdrive and say: You ain’t seen nothing yet.
This means passengers with a contactless bank card can ditch the Oyster Card system. Transport for London will accept all UK-issued contactless cards.
Apple Pay is steadily grabbing more support in the United Kingdom, with HSBC and First Direct both announcing support for the contactless payment solution.
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