Owners of small and medium-sized businesses (SMEs) in the UAE can now accept contactless payments on standard Android NFC smartphones, with no need for additional hardware... More
Archive for December 2020
Contactless payment and instant credit ecosystem rolls out in UAE
Residents of the United Arab Emirates can now make in-app and in-store NFC and QR code-enabled contactless payments, international remittances, utility bill payments and P2P financial transfers and apply for instant credit using a single mobile payments app... More
Hyundai includes fingerprint payments sensor in new Genesis GV70 vehicles
Drivers of Hyundai’s Genesis GV70 SUV will be able to make in-car payments for fuel and parking simply by touching a biometric sensor integrated with the vehicle’s infotainment system... More
McKinsey and EBA identify threats to European banks’ payments revenues
The central role traditionally played by banks in the European payments ecosystem “may be coming under challenge” as some specialist payments providers reach double-digit growth rates in payment revenues, according to a report jointly published by the Euro Banking Association and McKinsey & Company... More
Payconiq rolls out cross-border QR mobile payments service in Europe
Users of Payconiq-supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries... More
SBI Card integrates NFC payments into mobile app
SBI Card Mastercard holders in India can now make NFC payments at any contactless point-of-sale terminal from their mobile device after registering their credit card on the latest version of the payment service’s app... More