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Welcome to February’s edition of Polar Moment’s Payments Perspective! This month we discuss the latest developments in buy now, pay later services, travel payments, and cashless payment systems.
Finder.com has reported that the use of BNPL (buy now, pay later) services in the UK continues to expand. 13% of consumers used these services for the first time in 2024. In total, 42% of UK consumers(an estimated 22.6 million people) have used BNPL at some point.
Read more here: Research finds that BNPL adoption in the UK continues to grow
Worldline, a global payment services provider, has formed a strategic partnership with FreedomPay to improve payment solutions within the travel and hospitality sector. The partnership will offer an omni-channel payment solution designed specifically for large hotel chains with a global presence.
Read more here: Worldline and FreedomPay partner to expand payments in Travel
Earlier this month, Polar Moment published an article on cashless payment systems. Here, we explore how cashless payment systems work, their benefits, and regulatory considerations. We then discuss how gaming machine operators can successfully implement a cashless system with Game Payment Technology (GPT).
Read the full article here: Cashless Payment Systems
At Polar Moment, we are committed to delivering payments consultancy and software development services that drive tangible business results. Whether you need strategic advice, technical implementation, or training, our team is here to help. Contact us today to discuss how we can support your business.
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