The latest edition of Oaklen Consulting's Industry Watch highlights several studies about changing payment behaviors.
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The latest edition of Oaklen Consulting's Industry Watch highlights several studies about changing payment behaviors.
In the UK, the FCA is imposing a limit on overdraft charges for retail customers from April 2020 and has high hopes that Open Banking will enable customers to have a better understanding of their charges and compare them with those of other institutions;
In the US, the 2018 Payments Survey confirms the much faster growth of Card Not Present transactions than Card Present transactions (4 times faster) and the rise of chip cards (almost 40%);
A study by Deutsche Bank shows that cash still has a very important share in payment systems. Two figures are quite significant: (i) 2/3 of USD 100 banknotes are held outside the US territory (ii) the share of cash in circulation to GDP continues to grow in all countries.
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