US supermarket chain Giant Eagle has installed checkout-free technology at a GetGo Café+Market store in the Greater Pittsburgh area, enabling customers to simply walk into the store, select the items they wish to purchase and checkout via their mobile phone... More
Drivers can now use Alexa to pay for their fuel using just a voice command at any of more than 11,500 Exxon and Mobil stations across the US... More
The market for payment-enabled wearable devices will reach US$7.2bn in 2024, “driven by a surge in contactless payment adoption, as a result of growing usage of contactless cards and near field communication (NFC)-enabled mobile payments,” ABI Research predicts. More
Asia is leading the way in the use and development of digital currencies and remains the world’s largest digital payments market, with China alone accounting for more than half of the total transaction value worldwide, according to a new research paper published by Singapore’s DBS Bank... More
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Dutch bank ING and supermarket giant Albert Heijn are to pilot a tokenized payments service which enables customers to pay for online purchases from their bank accounts without needing to provide retailers with account credentials... More
Transactions conducted by customers using Korean bank DGB Daegu’s IM Bank mobile banking app on a Samsung Galaxy A Quantum 5G smartphone will soon be secured with 5G quantum cryptography technology that generates true random numbers to encrypt one-time passwords and identity verification information... More
Countries with digitised and innovative economies are more likely to be developing central bank digital currency (CBDC) projects while those with a larger informal economy are tending to focus on creating retail CBDCs, a working paper published by the Bank for International Settlements (BIS) reports. More
The Banco Central do Brasil has formed a study group to evaluate the benefits and challenges of issuing a central bank digital currency (CBDC) in the country. More
Indian telecommunications giant Reliance Jio has begun piloting Jio Pay, a new UPI-enabled payments service which includes support for both NFC and QR mobile payments. More
Spanish banking group BBVA is to pilot a service which will enable merchants to accept contactless payments on their Android smartphones without the need of additional hardware... More
Users of Singapore mobile network operator Singtel’s Dash mobile wallet can now earn reward points for each in-store and online payment and every overseas remittance they make using the service... More
The Central Bank of Azerbaijan has raised the limit for all contactless card transactions and contactless ATM withdrawals in the country from 50 manats (US$29.40) to 100 manats (US$58.80). More
UMB Bank customers in the US can now opt to use their rewards points balance to pay for any in-store purchases they make with their UMB Visa debit or credit card... More
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Ukraine’s PrivatBank has begun to roll out biometric POS terminals for its facial recognition payments service FacePay24... More
One in three UK consumers (32%) are in favour of further raising the country’s current contactless spending limit from £45 (US$59), according to a YouGov survey... More
Convenience store giant Circle K is to add support for cashierless shopping at one of its Phoenix, Arizona, outlets, “with other stores to follow”... More
Kroger, the US supermarket chain that has previously held out against the introduction of NFC payments, has begun piloting NFC-based contactless payments in 61 of its QFC grocery stores in Oregon and Washington states... More
PayPal has signed a deal with CVS Pharmacy to roll out its new QR code-based payments technology across more than 8,000 of the US retailer’s stores nationwide... More
A survey of merchants and consumers in eight countries around the world has found that the Covid-19 pandemic has resulted in “a dramatic shift to digital commerce” with nearly half of consumers (48%) saying they would not now shop at a store that only offers payment methods that require contact with a cashier or a shared device... More
Retail outlets and restaurants in the California city of Pasadena have adopted a hands-free payments service which enables consumers to make purchases and earn loyalty rewards using facial recognition technology... More
