In Brazil, applying for a credit card is a whole lot of hassle. But mobile-first service Nubank is harnessing the 90 million-strong smartphone circulation to replace all that poor service and paperwork with a streamlined, app-based offering. Is this the future of Brazilian banking?

There are now 69 million contactless cards circulating in the UK. More money was spent via contactless between January and June 2015 than in the whole of 2014. As a result, the payment limit is being increased from £20 to £30, allowing for more items to be purchased with a tap.

Apple is hoping that Apple Pay, a tap-to-pay service integrated into the iPhone 6 and Apple Watch, will help it dominate the $79.2 billion-a-year digital payments market. But can Apple succeed where so many have failed before, and truly replace our wallets with our phones?

Saddled with student debt, Gen Yers have been known to tread carefully when spending, meaning brands have often had to revise traditional advertising tactics in order to remain appealing. But new research has found that certain Gen Y spending habits are actually quite costly.