Payment methods: the revolution is in the 15%

Payment methods: the revolution is in the 15%

There is a symbiotic relationship between payment methods and economic activity: the evolution of means of payment has historically favoured economic development, and similarly, the evolution of economic activity has led to the modernisation of means of payment.

Cash is the most popular means of payment worldwide, used in 85% of all transactions. However, despite the overwhelming prevalence of cash as a payment method, it is slowly declining. And that 15% of non-cash transactions (9.1% credit/debit cards and 4.6% direct debits/bank transfers) is where a disruption is now occurring which will affect the entire means of payment system.

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21/08/2018

Decoding the sector’s future at the 34th AEF General Meeting

Decoding the sector’s future at the 34th AEF General Meeting

On 10 and 11 May, the Spanish Factoring Association (AEF) held its thirty-fourth General Meeting, an event sponsored by Alvantia, bringing together the main stakeholders in Commercial Financing in Spain, in order to showcase the sector’s activities. The Parador in Cádiz was the venue chosen for this year’s edition, which highlighted the sector’s favourable results in a year marked by economic growth and the 30th anniversary of the AEF. (more…)

07/06/2018