11 December 2015
Below are our top reads from the last seven days of industry news*. Every Friday we publish our picks from industry developments, stories and announcements right here so you can keep you up to date with what's happening in payments here and overseas.
This is our last edition for 2015 but we'll be back with more in the New Year. If you'd like to have our top reads emailed to you every Friday from 2016, let us know by emailing email@example.com
Our 2015 payments stats wrap up
As 2015 draws to a close and Santa starts to pack his sleigh, it’s a good time for reflection. We’ve looked back at NZ’s payments statistics for 2015, picked out some notable trends and packaged it all up in this handy infographic. You’ll find interesting facts such as, the Payments NZ Settlement Before Interchange system processed $1 trillion worth of electronic payments over the 12 months to October 2015, and bill payments are the fastest growing electronic payments instrument. For the full set of factoids, see our infographic.
The A, B, C’s of Payments 2015
pyments.com have reflected on the year that was in the payments industry and laid it out in an A, B, C’s of Payments 2015 (turns out that there’s a topic for every letter of the alphabet). This is their take on the big topics of conversation in payments and commerce, the hits, the misses and the too early to tell events that defined payments in 2015.
More digital wallets
ANZ has launched its goMoney wallet, now available to over 90,000 customers. Users of goMoney Wallet upload their cards to the app, then swipe their Android smartphone to make payments at contactless terminals.
The search for the creator of Bitcoin
Previously thought to be a myth or a ghost, Satoshi Nakamoto has always been the name behind the cryptocurrency, but now an Australian man named Craig Steven Wright might just have been unveiled as the face behind the nakamoto persona. So has the search finally come to an end? Aussie authorities are currently raiding Wright’s home, claiming to be for a tax investigation and not under any allegations of Bitcoin…so the world still watches.
Banking industry optimism
New research has shown that the NZ banking industry is pretty optimistic but that doesn’t mean that there aren’t a few niggling fears. See the top five fears for bankers outlined in consulting firm PwC's latest Banking Banana Skins report.
Banking giant Goldman Sachs has filed a US patent application for a "cryptographic currency for securities settlement". The securities settlement system would be based on a new cryptocurrency called SETLcoin, would support a virtual wallet that would act as a security and cash account. The system would guarantee near instantaneous execution and settlement, reducing cost and credit risk.
Millennials behind the rise of mobile banking
According to recent research from Nielsen, saving is a high priority for millennials, after paying their monthly bills. An increasing number of technology firms are creating digital solutions to everyday financial problems and millennials are fast on the uptake.
*These articles cover a range of topics from broad payments industry news here and overseas. They do not represent the views of Payments NZ and are not endorsements.