Hogan Lovells Global Payments Newsletter l April 2016
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.
Key developments of interest over the last month include:
- Contactless usage soars: the UK Cards Association announced that total contactless spending reached £7.75bn in 2015, with Barclaycard reporting a 164% rise in contactless payments in 2015.
- E-payments revolution: Studies suggest the rise of electronic payments has given a huge boost to worldwide GDP and employment.
- "I'll pay with Google": Google is trialling Hands Free, a new app which enables customers to make purchases using voice commands.