WorldPay news and archive

Pure Origin announces 16 tech companies to join upcoming edition

Pure Origin, the section of the Pure London trade fair dedicated to garment, fabric and supply chain sourcing, has announced 16 new tech companies to join its newly expanded Tech & Innovation section at its upcoming edition. The show, which will take place alongside Pure London from 9 to 11 February at London Olympia, will put a spotlight on the...

RetailFeatured

Mobile payments top 975 million pounds in the UK

In-store mobile payments in the UK reached 975 million pounds in 2017, representing a 328 percent year-on-year increase, according to Worldpay, the UK’s largest payment processor. Worldpay’s data reveals that the number of in-store contactless transactions made via a mobile device totalled 126 million last year, with the amount spent topping 975...

Retail

Refund surge turns Black Friday into Blue Monday for UK retailers

Retailers across the UK may be experiencing a Black Friday hangover this week as they could see the number of returns raise as much as 49 percent following the borrowed US promotional offer, predicts payments processor Worldpay. Based on Worldpay's analysis of the previous years of Black Friday mayhem, the total number of refunds processed by UK...

Retail

Tourists reap the benefits from plummeting pound

With the pound hitting an all time 31 year low, tourists around the globe continue to flock to the UK to take advantage of the post-Brexit economical climate and bag a luxury bargain, according to the latest data from Worldpay, leading payment company. Although UK retailers are more than likely to increase prices following the decling sterling,...

Retail

Women embracing technology to shop

British women are leading the way when it comes to adopting new technology to do their shopping, according to the latest research from Worldpay. While men are quite content with doing their shopping on their desktops, women are embracing their smartphones and tablets to shop online. The Worldpay data reveals that 19 percent of women have used a...

RetailFeatured

Retail gloom: 46 percent of retailers foresee drop in consumer spend

London - Despite buoyant economic data from across the retail sector and no signs of consumer confidence wavering, British retailers hopes for the future and consumer spend remains bleak following the Brexit vote. According to the most recent data from the Office for National Statistics (ONS) the overall volume of retail sales was up 1.6 percent...

Retail

London’s small businesses lead the way in digital technology

Small businesses in London in the retail sector are “soaring ahead” of the rest of the UK when it comes to implementing digital technology, research from Worldpay states. The report reveals that 96 percent of business owners in London and the south of England are proactively investing in digital technology to expand their reach online, improve...

Retail

‘Super-shoppers’ shaping online retail

Worldpay has discovered that 13 percent of the world's internet shoppers account for nearly two-thirds of all consumer spending on goods online and that these ‘super-shoppers’ buying habits could impact the rest of the consumer market. The survey of 20,000 consumers from 10 different countries found that high frequency ‘super-shoppers’ accounted...

Retail

Five-minute queue is “too much” for UK shoppers

Three-quarters of UK shoppers said that being asked to wait in a queue for five minutes was “too much to bear”, according to a new report by Worldpay. The payments company found that UK shoppers are becoming “far less tolerant” when it comes to getting what they want, when they want it, and are increasing judging their experience against the...

RetailFeatured

Retailers who don't accept cards lose business

Research from payment company Worldpay shows 25 percent of UK shoppers avoid stores that don’t accept debit or credit card payments. That means up to 60,000 smaller stores and independents are missing out on potential custom. Importantly, it’s younger shoppers who are most pro-card payments with almost two-thirds of those in the 23-34 age group...

Retail

UK retailers “in a race to stay relevant”

A third of small and independent British retailers fear that they may no longer be relevant due to advancements of technology and changing consumer habits, according to new research from Worldpay. Just under two-thirds (61 percent) of respondents to the Worldpay nationwide survey said technology poses a significant threat to their survival,...

Retail

Retailers warned to embrace contactless or risk losing customers

Retailers not offering contactless payment options are in danger of being “left behind” according to payments processor Worldpay, which has seen ‘tap and go’ payments dramatically increase over the past 12 months in the UK. Worldpay’s data shows that the number of UK contactless transactions processed by them rose by 160 percent in 2015, with...