By Michael Cogley
By Michael Cogley
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Death of cash to accelerate as digital payments surge after pandemic

Death of cash to accelerate as digital payments surge after pandemic

Contactless and digital-only payment methods such as  will surge after the Covid-19 pandemic passes, a new report has found.Britain is best placed to remain as a global hub for fintech investment despite Brexit and the recent lockdown, according to a new report by the Emerging Payments Association, which was commissioned by Luxembourg for Finance (LFF), a state-backed development agency.The lengthy analysis of Europe’s payment methods tipped digital wallets to lead the change, replacing the more commonly used credit and debit cards.Some of the world’s most-popular fintechs such as , which...

telegraph.co.uk
By Michael Cogley
7d ago
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Digital IDs could end the need for in-bank visits and banish passwords

Digital IDs could end the need for in-bank visits and banish passwords

Digital IDs could soon banish the need to appear in bank branches to open accounts and put an end to the use of passwords.British has developed a “portable identity” along with Deloitte and US-based Evernym that can dramatically increase the speed at which new customers can sign up and log into accounts.The ID was tested as part of the Financial Conduct Authority’s (FCA) regulatory sandbox pilot, a State-run initiative that allows companies to test new ideas for the financial services industry in a controlled environment.Onfido’s identities are of an official Government document and a...

telegraph.co.uk
By Michael Cogley
Jun 8
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