Business Traveller (Middle East) - - Trends -

DIG­I­TAL WAL­LETS In 2015, World­pay pre­dicted that credit and debit card pay­ments would drop from two-thirds of all trans­ac­tions to half by 2019. Tak­ing their place are mo­bile trans­ac­tions. Mo­bile wal­lets from Ap­ple Pay and Google An­droid Pay en­tered the mar­ket in 2014 and 2015 re­spec­tively, while JP Mor­gan Chase un­veiled Chase Pay in Novem­ber 2016, and 2017 will see the UK launch of Sam­sung Pay. With a dig­i­tal wal­let you can pay for your lunch or Tube fare sim­ply by touch­ing your phone or smart­watch on an NFC sen­sor, as well as store board­ing passes and loy­alty cards.

Ap­ple Pay re­ceives a mil­lion new users a week and, by July 2016, it ac­counted for three-quar­ters of con­tact­less pay­ments in the US. Jet Blue and Emi­rates were the first air­lines to part­ner with Ap­ple Pay, while in Novem­ber Qatar Air­ways an­nounced it was in­te­grat­ing the tech­nol­ogy for the pur­chas­ing of flights through its app. Other travel com­pa­nies that have come on board in­clude Airbnb, Bri­tish Air­ways, Delta, Easy­jet, Ex­pe­dia, Mar­riott In­ter­na­tional and Uber.

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