The weather outside might be getting frightful, but this week in payments is so delightful! This week we saw headlines pour in from British Columbia, England, and even Bulgaria!
Have you ever wondered if you spend more than the average shopper online? If so, we have some numbers for you! Recent data from Environics Analytics and J.C. Williams Group showed that households in British Columbia spend on average $3,369 online per year, more than $600 above the national average! Alberta came in second, spending roughly $3000, and trailing closely behind was Ontario, coming in third.
2. Amazon's Cyber Monday breaks records
If you made a purchase on Amazon on Cyber Monday, you weren’t alone! Cyber Monday was Amazon’s best single day ever, with online transactions totaling $7.9 billion. In addition, $6 billion was spent on black Friday, and nearly $4 billion on American Thanksgiving, the Thursday before black Friday.
3. Mayor of London launches contactless donation points for homeless
Sadiq Khan, the Mayor of London, has launched a contactless donation point system in England’s capital to help homeless citizens. 35 “TAP London” terminals have been installed across the city which prompt passers-by to donate £3 through contactless cards. All the funds collected throughout the season will be divided between 22 different homelessness charities in the capital.
4. Some 65% of Bulgarian cardholders pay contactless - Mastercard
We’re always excited to see new countries make headlines in the payments space, and this week it’s Bulgaria! Some 65% of Bulgarians are using contactless technology when making a card-based payments, according to Mastercard. This is an 11 per cent increase from last year, with respondents citing convenience, speed and security all as reasons for contactless use.
Curious about what else is happening in the payments industry? Make sure to take a look at our recaps from November 19 to 23 and November 12 to 16!
The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed.