Ensygnia

13/12/2022

VR and AR set to be the next step for contactless payments! More than 30% of the world’s population are now considered digital shoppers and the online retail market was worth a staggering $768bn in the USA alone last year...
https://www.ensygnia.com/blog/vr-and-ar-set-to-be-the-next-step-for-contactless-payments

In retail stores across the world, the sight of contactless payments by phone or by card has become commonplace. But more than 30 per cent of the world’s population are now considered digital shoppers and the online retail market was worth a staggering $768bn in the USA alone last year – and it....

03/10/2022

‘tap to prove’ your identity and your credentials was a solution that could solve millions of problems. Encrypted QR codes could be a fundamental element in the digital ID chain.
https://www.ensygnia.com/blog/the-narrowing-gap-between-payment-and-identity

Little more than two years ago, the ‘tap to pay’ culture – whether by card or by phone – was dominated by the younger end of the adult demographic. Today, accelerated by a global pandemic that that focussed on eliminating common touch points. it is ubiquitous and used across generations.

27/06/2022

QR code technology is rising exponentially, triggered by the global pandemic. In the US alone, 2020 saw a 25% rise in QR code usage to more than 65m users. That rose to 75m in 2021, will be 83m in 2022 and be 100m by 2025! Read more...
https://www.ensygnia.com/blog/2022/6/24/qr-codes-payments-and-the-eyes-of-the-regulators

16/01/2022

There was a marvellous movie back in the 80’s called “The Year of Living Dangerously”. It chronicled the struggles of a group of people trying to go about their lives during a period of civil unrest. The film’s title has since entered popular culture and language. Substitute ‘pandemic’ for unrest and the title might be appropriate for both of the last two years.

Read more in our latest Blog post:

There was a marvellous movie back in the 80’s called “The Year of Living Dangerously”. It chronicled the struggles of a group of people trying to go about their lives during a period of civil unrest. The film’s title has since entered popular culture and language. Substitute ‘pandemic’ f...

30/11/2021

Fuelled by the global COVID pandemic made using , continue to surge, now accounting for 27% of in-store spending, 41% of ecommerce and 46% of mobile commerce transactions. Read more:

Digital wallets now account for some 27 per cent of in-store spending, 41 per cent of ecommerce and 46 per cent of mobile commerce transactions.

31/10/2021

Cash machine usage declines as digital payments boom! ..in society in general, use of cash in its physical form is declining rapidly with the total being withdrawn falling by a staggering £100m per day compared to pre-pandemic levels in 2019.

Read more in our latest Blog post:

The average amount being withdrawn from a cash machine per visit had climbed to £80. However, closer reading of the article also showed that the number of visits per month had declined by 40 per cent and the total being withdrawn had fallen by a staggering £100m per day compared to pre-pandemic le...

01/10/2021

The impact of COVID globally has played it’s part in creating an unstoppable force in terms of with the number of consumers using mobile wallet jumping by more than 50% from $900m to $1.48bn during the pandemic...

The number of consumers using mobile wallet payments jumped by more than 50 per cent from 900m to 1.48bn in the pandemic timeframe – but it’s created an unstoppable force in payment terms.

30/08/2021

QR code payments rose to a staggering 47 per cent of digital wallet transactions in 2020!

In recent weeks and months some things have changed. The advent of the so-called ‘Pingdemic’ has led to many people deleting their track and trace app and seeking to avoid being ‘caught’ by the system. But it hasn’t actually harmed usage and acceptance of the QR code and its underlying technology.

Read more in our latest Blog post:

QR code payments rose to staggering 47 per cent of digital wallet transactions in 2020! In recent weeks and months some things have changed. The advent of the so-called ‘Pingdemic’ has led to many people deleting their track and trace app and seeking to avoid being ‘caught’ by the system. Bu...

30/07/2021

In its annual report on the payments markets, UK Finance, the collective voice for some 300 firms in the UK banking and finance industry, revealed that contactless payments now account for more than a quarter of all UK payments. What’s more, more than half of all UK adults now regularly use mobile banking.

"83 per cent of UK consumers now use contactless payments and that number doesn’t fall below 75 per cent for any region or age grouping."



Read more in our latest Blog post:
https://www.ensygnia.com/blog/2021/7/30/pandemic-accelerates-the-cashless-lifestyle

30/06/2021

The increasing use of QR codes to generate payments, has even caused the technology’s inventor, Masahiro Hara, to become a little wary. The most pressing security issue identified, concerns what we term ‘static codes’, that might live on a website and be used to generate transactions.

Read more in our latest Blog post:

It’s an unwritten rule of a successful technology – someone, somewhere, will try to corrupt it for their own purposes. QR code technology is closing in on 30 years of usage, but the Covid-19 pandemic has turned the technology from niche markets to mainstream consumer use and that inevitably attr...

28/05/2021

There is a well-known saying about only delaying the inevitable – and that seems to be applying to the UK’s implementation of systems under the terms of the European Bank’s second .

Read more in our latest Blog post: https://www.ensygnia.com/blog/2021/5/26/full-sca-compliance-delayed-again-new-deadline-set-for-march-2022

30/04/2021

Wow...just wow! Drones fill the Shanghai skyline to create a scannable QR code!

Read more about QR code versatility, security and customer experience in our latest post:
https://www.ensygnia.com/blog/2021/4/29/qr-versatility-puts-spotlight-on-sms-shortcomings