[Live from London] Paul Chapman, the Advanced Payments Manager for Tesco (the UK’s largest retailer), gave an insight into what retailers want from contactless payments. He pointed out that they are looking at a lot of new technologies at the moment: contactless payments, contactless clubcards, contactless staff cards, biometric payments, mobile payments and Oyster. He also pointed out that of their £37 billion in UK sales, £20 billion is already cards and £11 billion is cash and an opportunity for growth for e-payments.
Technorati Tags: contactless, costs, retail
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