Croats pay 90% more for contactless than last year, in Europe almost 50% for contactless transactions

first_imgThe strong penetration of contactless technology, which is the most widely accepted form of electronic payment in the history of Europe, continues, and so almost one of the two transactions in European stores is now contactless. A new survey by Mastercard showed that contactless payments recorded significant growth in Croatia as well – in the first eight months of 2018, 90% more contactless transactions were conducted than in the same period last year. The rapid growth in the use of contactless technology is also present throughout Europe, with a 97% increase in contactless transactions compared to last year. In more than 15 key European markets – including the markets of Croatia, Denmark, Greece, Hungary, the Netherlands, Poland and Russia – contactless transactions account for more than 50% of all in-store transactions. In Croatia, 54% of transactions in August 2018 were contactless, according to Mastercard data, and they state that Poland is the absolute leader of this trend with over 80% of contactless transactions in 2018.The cashless economy is also being adopted by many other European countries – people are abandoning the cash payment method and adopting contactless technology.”These results clearly show that Europe is a leader in a contactless revolution. In addition to ease of use and convenience, users are looking for security and protection when it comes to payment technology. With the increase in the use of contactless payment methods, there is an increase in trust and thus more and more the user considers it contactless technology just as secure or more secure than traditional forms of payment. ” pointed out Sanja Žigić, director of Mastercard in Croatia. One of the main areas driving the growth of contactless transactions across Europe is transport systems. The number of users who use contactless payment methods in public transport is constantly growing.The main question is where is our tourism in this whole story? Mobile payments or contactless payments must be an imperative for us in our tourism. In addition to giving a clear message that we are following new trends and increasing tourist spending, the most important thing is that we respond to the needs of the market and tourists. By the way, the Google Pay service was recently enabled in Croatia, and we know that the mobile phone is the only item that cares about us today. Who more wants to carry paper money to the beach? Thinking about changing money for our currency? Paying with cards and mobile phones facilitates the whole process, increases tourist spending because we know that the psychology behind card payments works to increase spending, and gives some freedom to tourists because they do not have to think about money in the wallet.last_img read more

PREMIUM197 companies secure cheap gas prices, contracts to be signed in May

first_imgIndonesia gas-prices certain-industries 197-companies Energy-Mineral-Resources-Ministry Kadin IPA-Indonesian-Petroleum-Association Jokowi Topics : One hundred and ninety-seven companies will buy gas at US$6 per million British thermal units (mmbtu), below the $8 per mmbtu market average, as promised by a Presidential Regulation issued in 2016.The Energy and Mineral Resources (ESDM) Ministry issued a decree on April 13 stipulating that the companies, which fall within seven gas-reliant industries, are to prepare gas purchasing contracts with their respective government-assigned suppliers within one month.The 197 companies, among others, include five fertilizer producers, 46 petrochemical companies, 56 steel companies, 59 ceramics producers, 16 glassware companies, six glove producers and nine oleochemical companies.“So there is progress, but hopefully, there won’t be bureaucratic hurdles,” said Johnny Darmawan, vice chairman for oil and industry at the Indonesian Chamber of Commerce and Industry (K… Forgot Password ? Facebook Log in with your social account Google Linkedin LOG INDon’t have an account? Register herelast_img read more

Trask looks to first Big Ten game of season after two weekend losses

first_imgAfter a tough weekend that included two losses in quick succession, Wisconsin men’s soccer head coach John Trask struck a hopeful tone at his news conference Monday.The team returns home to face Rutgers Friday after two losses last weekend against No. 9 Georgetown and George Mason. The Badgers lost 4-1 and 2-1, respectively, but Trask emphasized the team will build on those results to grow into a more experienced and cohesive unit.“We’re still confident we can turn a corner and become a force to be reckoned with in Big Ten play,” Trask said. “These Badgers have been battle tested.”With 12 true freshman currently holding roster spots, Trask went on to say the Badger freshman are “a deep class” and that “there are lessons that have to be learned with such a young team.”Five freshman started against Georgetown and six started against George Mason, showing that Trask is sticking to his guns and looking to build a team for the future.“There were points [on Sunday] where we had six freshmen on the field at once,” Trask said. “It can be a learning process to win with youth.”Trask said he’s pleased so far with the progress his young players have made, although he pointed to other signs of concern. The Badgers, for example, lost AJ Cochran earlier this year after the Houston Dynamo drafted him, causing some uncertainty on the Badgers defense.“Replacing someone like AJ Cochran creates a work in progress,” Trask said. “We don’t have one specific replacement. It’ll come by committee.”Without a leader or solid solution in the back third, the Badgers will have their work cut out for them defensively in their first Big Ten conference game Friday.However, the Badgers (1-3-0 overall) are entering a softer part of their season, which may just be what they need to grow as a team. The Badgers are done with a string of six tough games this season, two exhibition and four regular season games, against powerhouse teams such as Georgetown, George Mason, Notre Dame, Creighton, Xavier and San Francisco.But the Badgers are now up against weaker teams, playing Rutgers (2-2-0) and St. John’s (0-3-1) at the McClimon Complex Sept. 12 and Sept. 19, respectively.With a home crowd behind them, Trask hopes that the results will be different than the Badgers season so far. UW thrashed Xavier in a 4-0 win the last time it played at home and will be looking to repeat that success in its next two home games. Trask admitted that last weekend’s games were a disappointment, but that UW was looking forward to being back home.“We’re expecting a great crowd on Friday to host Rutgers and open Big Ten play. We knew we’d take lumps in our tough non-conference schedule, but there’s been lots of growth in the group among Badgers,” Trask said.Friday’s game will be broadcast live on the Big Ten Network as the Badgers will welcome in Rutgers for the Scarlet Knights’ first ever Big Ten soccer match.For right now though, the main focus of Wisconsin soccer is growth. As Trask said, the increase in intensity from high school to collegiate soccer is “huge” and that the coaching staff is, “taking a boys’ team in to do a men’s job.” Only time will tell if the Badgers are ready for the challenge.last_img read more