News & Views - Savantor

Progression with contactless

Monday, 02 October 2006

Signs are beginning to show that the discussions on 'what do we do after chip and PIN' are beginning to resolve themselves clearly around contactless and pre paid.  With the UK gift card market predicted to be worth as much as £19bn by 2008 (last month MINT launched the first UK multi-use gift card, which can be used wherever Visa Electron is accepted) and various contactless projects turning into realistic customer propositions, the UK market looks set for some interesting developments over the next 18 – 24 months.  Also worth watching are the innovative developments at PayPal and Pay By Touch and the development of NFC EMV applications which Crédit Mutuel are trialling next month. 

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