The Bank of International Settlements and the central banks of Australia, Malaysia and Singapore have completed a joint project to develop a shared platform that could facilitate direct cross-border transactions between institutions using different central bank digital currencies (CBDCs)... More
- CWC sessions you may have missed: Transdev, Smart Payment Association, European Central Bank
- Transdev reports on hands-free transport ticketing pilot
- Smart Payment Association reports on new instant payments model that leverages existing bank card, merchant terminal and banking infrastructure
- European Central Bank reports on digital euro for Contactless World Congress
- Linxens reports on the market outlook for biometric cards, display cards, dynamic CVVs, sustainable substrates and more
Houston to expand mobile ticketing options
The Metropolitan Transit Authority in Houston, Texas, in the USA is planning to enable passengers on its bus and light rail services to pay their fares with their mobile device as well as with a contactless transit card or via its mobile ticketing app when it upgrades its fare collection system... More
RTC adds support for contactless EMV card fare payments
Passengers on Regional Transport Commission of Southern Nevada (RTC) buses in the Las Vegas valley area of the USA can now make contactless fare payments by tapping their EMV payment card on an onboard validator... More
Iraqi bank to pilot biometric payment cards
Customers of Al-Mansour Bank in Iraq will be among the first in the country to be able to trial biometric payment cards that allow them to authenticate contactless payments with their fingerprints... More
Korean buses roll out ‘tagless’ Bluetooth fare payments
Gyeonggi-do Province Transportation Bureau in South Korea has officially launched a ‘tagless’ fare payment system that uses Bluetooth technology to detect a Bluetooth signal from a passenger’s smartphone when they board and alight from the vehicle and then automatically charges their pre- or post-paid transit card for their fare... More
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Bank of Ghana lays out core design principles for CBDC pilot
The Bank of Ghana (BOG) is to pilot a two-tier token-based retail central bank digital currency (CBDC) that can be used with either a digital wallet app managed by a financial institution or a physical hardware wallet such as a contactless smart card that can be used offline and by unbanked consumers... More
First National Bank reports ‘surge’ in contactless payments from smart devices in South Africa
The total transaction values of contactless payments made using a smart device processed by retail and commercial clients of South Africa’s First National Bank (FNB) has increased from R640m (US$43m) in 2020 to “in excess” of R4.2bn (US$3bn) in 2021, the bank reports... More
China updates digital yuan wallet app for Apple users
China has issued an update to the pilot version of its digital yuan wallet app for Apple users that is “adapted to the iOS 15.4 system changes” released this week, and has uncovered an attempt to use the central bank digital currency (CBDC) in a fraud and money laundering case, according to local media reports. More
Average UK contactless transaction value rises by 30%
The value of the average contactless payment made in the UK has risen by 30% since the country increased its contactless spending limit from £45 (US$59) to £100 (US$132) in October last year, according to figures from UK Finance. More
Apple Pay goes live in Argentina and Peru
Apple Pay has launched in Argentina and Peru with support for Mastercard and Visa cards issued by six banks in Argentina and five in Peru. It has confirmed the service is now live in both countries. More
Developers to use NFC to give reusable plastic containers unique digital identities
A UK-based consortium is to investigate the use of ultra-low-cost NFC technology to give individual items of reusable plastic packaging a unique digital identity (UDI) in order to track them across each package’s lifecycle, encourage their reuse and enable the development of a scalable packaging-as-a-service infrastructure... More
Rhode Island trials geofenced free contactless ticketing
Passengers using transport services provided by Rhode Island Public Transit Authority (RIPTA) in Central Falls in the US will soon be able to travel for free when they scan their Wave smart transit card or mobile app on services originating and operating within the city... More
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Citi to roll out NFC mobile payments to corporate cardholders in 40 countries
Citi Commercial Cards is to enable its business customers in more than 40 markets worldwide to digitise their plastic corporate payment card or provision a virtual card into a mobile wallet and use it to make NFC mobile payments... More
Researchers develop liquid metal microgel ink to print flexible NFC antennas on smart clothing
Researchers at Zhejiang University in China have developed a method of printing flexible electronic circuits onto textiles and other surfaces using recyclable liquid metal microgel (LMM) ink... More
7-Eleven Japan trials holographic contactless self-checkout
Customers at six 7-Eleven convenience stores in Tokyo, Japan, can now make cashless payments for their purchases by interacting with a holographic screen projected from a contactless self-checkout kiosk... More
Libyan bank to pilot biometric payment cards
Mediterranean Bank in Libya will be the first in the country to trial biometric payment cards that enable customers to authenticate contactless payments with their fingerprint... More
President Biden lays out US digital currency strategy
US President Joe Biden has signed an executive order (EO) “outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying policy” including the possible issuance of a US central bank digital currency (CBDC), the White House says... More
OEM Pay ecommerce transaction volumes to exceed 30.7bn by 2026
Consumers worldwide will use payment services provided by smartphone makers and other original equipment manufacturers (OEMs) to make more than 30.7bn ecommerce transactions by 2026, an increase of more than 24.5bn on the 6.1bn predicted for 2022, according to a forecast by Juniper Research... More
Banco Central do Brasil names CBDC project partners
The Banco Central do Brasil (BCB) has named the partner organisations that will support the next phase of its central bank digital currency (CBDC) project... More
UK diabetes patients to get NFC insulin pens
Diabetes patients in the UK will soon be able to receive smart insulin pens that enable them to self-administer insulin, record dosing information for each injection and communicate data to a smartphone, tablet or other compatible device using NFC... More