Mastercard is piloting a cloud-based version of its Tap on Phone payments acceptance solution, enabling merchants of all sizes to accept cloud-hosted contactless payments directly on their Android NFC smartphone or tablet... More
The number of people using QR code payment services globally will rise from 1.5 billion in 2020 to more than 2.2 billion in 2025, representing close to one in three (29%) of all the world’s mobile phone users, Juniper Research predicts. More
Fans of Ukrainian football team Dynamo Kyiv will soon be able to earn digital tokens that they can store in a mobile wallet and spend in-person at the team’s stadium and online at its digital marketplace... More
The People’s Bank of China (PBOC) has expanded its central bank digital currency (CBDC) pilot to include a contactless ‘hard wallet’ and NFC wearables that enable consumers to make in-store and transit fare payments with their digital yuan... More
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Banks in South Korea will be able to add a wide range of non-financial services to their mobile apps, including food ordering and delivery, following changes to the country’s financial regulatory system due to be introduced by the Financial Services Commission (FSC) in July 2021... More
The UK could increase the limit for contactless transactions from £45 (US$61) to £100 (US$136), according to reports in the British press. More
Google Pay users in India can now access personalised information about their spending habits in 2020 using a new feature integrated into the payment service’s app... More
Samsung Pay users in the USA are no longer able to earn Samsung Rewards points each time they make a purchase using the payments service... More
Merchants in India can now use a standard NFC mobile phone to accept contactless RuPay domestic card payments valued at up to 5,000 rupees (US$68). More
As many as 2.5m biometric payment cards will be issued during 2021, according to an ABI Research forecast, with more than 20 biometric payment card pilots already underway across the globe. More
Visa has published a research paper exploring an offline payment system (OPS) protocol for central bank digital currencies (CBDC) that would enable users to make digital payments to other users even when both sender and recipient are temporarily offline or unable to connect to a bank, payment network or other intermediary... More
Barclaycard is introducing a service that enables businesses in the UK to provide their employees with virtual corporate cards that can be used to make payments both online and at physical locations... More
The total transaction value of in-vehicle payments will reach US$1bn by 2023, up from less than US$100m in 2020, according to a forecast by Gartner. More
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PARTNER NEWS: Antelop Solutions has launched a Secure Interface solution that enables banks to provide their customers with the ability to securely display sensitive digital card information on their mobile phones... More
PARTNER NEWS: Dejamobile has received Visa certification for a solution that enables merchants to be provided with the ability to accept both low and high value contactless transactions on a standard Android NFC smartphone or tablet... More
Customers of CIBC can now make purchases of up to C$250 (US$196) with their debit card using Apple Pay, Samsung Pay or Google Pay following a 150% increase in the Canadian bank’s transaction limit for in-store payments with a mobile phone or smartwatch... More
Customers of US Bank can now add a personalised digital greetings card when they use the bank’s mobile app to make a Zelle P2P transfer to anyone with a US bank account. More
Consumers in Italy can now receive an automatic 10% refund into their bank account for cashless in-store payments made using a credit, debit or prepaid card or payment app between now and the end of the year — as long as they make at least 10 digital transactions during the period... More
Customers of Swedish challenger bank Rocker will soon be able to take part in a proof-of-concept pilot of a biometric debit card that enables them to authenticate contactless in-store payments with their fingerprint... More
PARTNER NEWS: Mastercard and Singapore-based Banking-as-a-Service provider MatchMove have partnered with Tappy Technologies to make it possible to provide consumers with the ability to add a tokenized Mastercard to a wide range of batteryless wearables... More
