Users of PayPal-owned P2P payments app Venmo can now apply for a credit card that includes both a contactless payments chip and a printed QR code that they can use to receive P2P payments and share bills with friends... More
Archive for October 2020
Walmart redesigns its stores for contactless shopping
US retail giant Walmart has unveiled a new store design that leverages mobile wayfinding and self-checkout kiosks to create “a digitally enabled shopping experience”... More
German cooperative bank pilots NFC kiosks that turn branches into one-stop service points
Customers of Volksbank Raiffeisenbank in Germany are taking part in the pilot of a self-service terminal designed to drive new revenue streams by making a wide range of additional services available in bank branches... More
European Central Bank sets out case for a digital euro
The introduction of a digital euro “would support Europe’s drive towards continued innovation”, “strengthen the international role of the euro” and provide consumers with “free access to a simple, universally accepted, risk-free and trusted means of payment”, according to a new report published by the European Central Bank (ECB)... More
BCG reports on the mobile payments market in Africa
Kenya and Ghana have the highest rates of mobile payment use in the world after China and, ultimately, there could be as many as 850 million mobile payment users in Africa conducting transactions worth US$2.5tn to US$3tn a year, according to a report from the Boston Consulting Group (BCG)... More
Transport for West Midlands unveils plans for regional smart ticketing system
Public transportation users in the West Midlands will be able to use a new ‘tap and cap’ smart ticketing platform to make contactless payments for their journeys across the UK region’s entire rail, bus and tram network by 2022, according to plans revealed by Transport for West Midlands (TfWM)... More
Pizzahacker rolls out QR self-serve ordering
Diners at the Pizzahacker restaurant in Mill Valley, California, can now use a self-serve feature to place their order on their mobile device by scanning a QR code and selecting what they want to eat and drink on the restaurant’s mobile-enabled ordering page... More
Mastercard to add merchant logos to transaction records
Mastercard users will soon be able to more easily identify and verify whether payments recorded on their online statements are legitimate as the card issuer starts linking merchant logos to any transactions a user has made with participating companies... More
IDC: One in two wearables to include contactless payments support
Global shipments of wearable devices will reach a total of 396m units this year and increase to 637.1m in 2024, with the proportion of those offering support for contactless payments set to rise to nearly 50% by the end of the year, International Data Corp (IDC) predicts... More
UOB lets customers use its mobile banking app to link debit and credit cards to third-party apps
Customers of Singapore’s United Overseas Bank (UOB) can now use its UOB Mighty mobile banking app to add their debit and credit card details directly to third-party apps, avoiding the need to separately enter their card details and providing an additional reason for customers to engage with their banking app... More
Singapore adds face verification to national digital ID service
Citizens using Singapore’s SingPass national digital ID system can now use face verification to securely authenticate themselves when accessing a growing range of government and commercial services on their mobile phone, computer or in government agency kiosks... More