London Mayor backs busker contactless payments
Written by Peter Walker
The Mayor of London has partnered with iZettle to launch a contactless payments initiative for buskers in London.
The Swedish FinTech firm’s new Repeat Payments feature allows street musicians across the capital to set a fixed amount on their iZettle Reader and accept continuous contactless contributions, whilst performing, as passers-by can tap to show their support.
Busk in London and iZettle’s partnership aims to increase the contributions buskers receive, as they can now accept payments via cash, contactless cards, wearable technology and Chip and PIN.
Johan Bendz, chief strategy and communications officer at iZettle, said over 70 per cent of iZettle payments are contactless in the UK. “With Repeat Payments we’ve removed the manual payment process to make it easier for iZettle users, ensuring charities and street musicians never miss a contribution, as passersby can simply tap on-the-go.”
This follows the news last week that a student from Brunel University London has developed a new payment device that enables buskers and street performers to accept contactless and mobile payments.
“For the third year in a row cash has represented less than half of the total volume of payments made in the UK,” said final-year Industrial Design and Technology BA student Emma McBride, the brains behind Tiptap.