Big Issue sellers to accept contactless through iZettle

September 11, 2019 | Financial Inclusion

Written by FinTech Alliance

Big Issue sellers to accept contactless through iZettle

Sellers of the Big Issue, a magazine sold to help those in poverty gain an income, will soon accept contactless payments.

In Brief:

  • This follows a trial across five cities in which 80% of sales became cashless.

  • It’s hoped the move will increase sales with less people carrying cash.

  • iZettle is offering its card readers to Big Issue vendors for £9 and operating a lower than usual transaction fee.

What does this mean?

The move could increase financial inclusion in the UK, with a key issue for homeless people hoping to get back on their feet being the lack of a bank account.  

Read more here. 

More in Financial Inclusion

Mastercard joins ‘Leave Nobody in the Dark’ campaign
Financial Inclusion
June 25, 2020

Mastercard joins ‘Leave Nobody in the Dark’ campaign

Mastercard has joined a group working to support underbanked people.   In Brief: &...

Akon to build crypto-themed city in Senegal
Financial Inclusion
June 19, 2020

Akon to build crypto-themed city in Senegal

Rapper Akon is spearheading a project to build a city in Senegal that will run entirely on his crypt...

Quona Capital closes $203mn fund
Financial Inclusion
March 09, 2020

Quona Capital closes $203mn fund

Quona Capital has just closed its fund focused on financial inclusion. In Brief: Quona C...

Financial Inclusion
May 13, 2020

Women in the C-suite Growth in emerging leadership roles creates new opportunities in financial services

THE composition of today’s C-suite across industries is markedly different than it was a...

Financial Inclusion
September 09, 2019

Fintech is Driving Financial Inclusion

While much of the discourse revolving around innovation in financial services address specific secto...

There are no Events in this category