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Barclaycard Presentation at London Fintech Startups #TMUFintech

Barclaycard is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.
Barclaycard has always developed close relationships with entrepreneurs and start-ups, partnering with people having fresh ideas that will lead to tomorrow's innovations. We are happy to sponsor and support TechMeetups.

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Barclaycard Presentation at London Fintech Startups #TMUFintech

  1. 1. Michael Saunders, Managing Director, Digital Consumer Payments 7th October 2014
  2. 2. Barclaycard has a heritage of innovation, and continues to push the boundaries in payments Online Chip & Pin 2000 2010 1966 2013 Contactless pioneers >18m UK contactless Barclaycards & Barclays debit cards >180k enabled terminals across UK PayTag and PayBand Barclaycard Ring >1m mobile payment devices Barclaycard Anywhere Mobile payment acceptance in UK bFlex flexible, instant credit >1m customers Mobile & social Pay your way Transport for London contactless payments bPay wearable devices
  3. 3. Contactless is growing in the UK Step change growth - 100x in the last four years and still continuing to grow Retailers rolling out nationally – over 300k places to pay via contactless 20,000,000+ TfL journeys so far Apple Pay Drive to mobile payments Averaging over 100k transactions per day on TfL Key market drivers in technology and acceptance
  4. 4. We’re launching bPay as an open market payment product, beginning initially with wearables Debit Credit Bank Account Prepaid Etc . . . Funding Source Form Factor Focus on combinations that can  achieve market wide scale and ubiquity  provide incremental benefits to both merchants and consumers  generate strong returns Mag Stripe Chip Contactless QR & Bar Coded Optical recognition Become increasingly embedded into peoples’ lives Enable things people wear and carry everyday to pay Value added shopping services
  5. 5. Why are we launching with wearable's Wearable's offer strong consumer utility NFC is used across non payment applications Cash displacement is here particularly in youth segments* Wearable's offers a strong consumer proposition allowing us scale adoption prior to e-com launch • NFC used across transport and closed loop access systems • Enables access, ID, transport and social posting • Half of young Britons use credit cards for good costing less than £2 • Three in four 16-24 year olds use cards for payment under £5 * Source Pennies charity survey • Customers show high levels of satisfaction in Pay band tests • Strong feedback for use beyond test environments
  6. 6. Initial distribution of wearable's Access “I need it to get in” Affinity “I love it” Attributes “it makes my product better” Transit Gyms Festival s Campu s Fashion Charities Sports Teams Retail Fitness Bands Smart Watches Biometrics
  7. 7. Customer Experience: Football
  8. 8. What have we learned in 2014 Strong demand New Consumer Base Media interest Persistent use Social engagement Maker movement