Apple Pay has rolled out in Azerbaijan, Colombia and Costa Rica with support for cards issued by Bank Respublika, Unibank, ABB and Kapital Bank in Azerbaijan, Bancolombia and Nu Colombia digital bank in Colombia, and Banco de Costa Rica, Banco Promerica, BAC Credomatic and Scotiabank in Costa Rica... More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
Hudson launches automated contactless retail outlet at JFK International Airport
Passengers travelling from Terminal 4 at New York’s John F Kennedy International Airport in the US can now purchase a selection of goods from a range of global brands at a fully automated contactless retail outlet... More
EMVCo adds support for elliptic curve cryptography
EMVCo has issued a new specification bulletin that adds support for elliptic curve cryptography (ECC) to its EMV contact chip specifications to enable “robust EMV contact chip security long term as payment technologies evolve”. More
Digital wallet transaction volumes to top US$10tn globally by 2025
The global transaction volume of in-store and ecommerce digital wallet payments will exceed US$10tn by 2025, according to a forecast commissioned by Discover Global Network... More
German savings banks add buy now pay later service to mobile payments app
German savings banks in the Sparkasse group have launched a buy now pay later service in their mobile payments app, enabling customers to request a loan to pay for goods at the point of sale via their Android smartphone and arrange to repay it in instalments... More
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Mercedes-Benz and BP pilot in-truck fuel payments in the UK
Mercedes-Benz and BP have completed a trial of an app-based digital in-truck fuel payment system that allows haulage drivers to pay without leaving their vehicle or using a fuel payment card... More
Credit Libanais to trial biometric payment cards
Lebanese bank Credit Libanais is to pilot a biometric payment card that will enable customers to authorise contactless payments with their thumb... More
China puts pressure on McDonald’s, Visa and Nike to accept digital yuan
The Chinese government is reportedly putting pressure on US-based companies including McDonald’s, Visa and Nike to accept payments in digital yuan before the start of the 2022 Beijing Winter Olympics... More
Schools in Scotland let students make contactless meal payments with their face
Students at secondary schools in North Ayrshire in Scotland can now opt to make contactless payments for their school meals and snacks by authenticating their identity using biometric face recognition technology... More
Tesco opens its first checkout-free store in London
UK supermarket chain Tesco has opened its first checkout-free store in central London, enabling customers to check in at the store entrance with a smartphone app, select the products they want and leave without needing to scan their purchases or pay for them at the checkout... More
Beijing offers public transport users discounts to encourage digital yuan fare payments
Passengers on bus, subway and suburban rail services in the Chinese capital Beijing can now receive a discount and pay as little as 0.01 yuan for their journey if they use the country’s central bank digital currency (CBDC) to pay their fares from a digital yuan mobile wallet issued by the Industrial and Commercial Bank of China... More
Major banks, retailers and fintechs to support rollout of national QR payments and rewards system in Australia
Commonwealth Bank of Australia and National Australia Bank as well as supermarket chains Coles and Woolworths and fintechs Azupay, Beem It and Merchant Warrior have confirmed they will support the rollout of the national QR payments and rewards platform developed by Australia’s Eftpos payments system... More
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Circle K adds checkout-free shopping at US convenience stores
US convenience store giant Circle K has installed cashierless shopping technology in one of its outlets in the US, enabling customers to walk in, select the products they wish to purchase and pay for them via the retailer’s app without needing to use a checkout... More
Apple Pay goes live in Bahrain
Apple Pay has rolled out in Bahrain with support for Mastercard and Visa cards issued by the National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK) and ila digital bank... More
Three in four UK consumers want to set their own contactless spending limit
Nearly three-quarters of UK consumers (73.1%) want the option to set their own contactless spending limit rather than it being set automatically when the country increases that limit to £100 (US$136) in October, according to a survey by KIS Finance. More
Apple Pay to go live in Chile?
Apple Pay is preparing to roll out in Chile, the payment service’s Chilean support page reveals. Apple Pay published the page in Spanish last week, instructing users how to make payments in stores, within apps and on websites More
Forecast: Contactless mobile payments to exceed 49bn globally by 2023
Global transaction volumes for contactless payments made using a mobile device will increase by 92% from 26bn in 2021 to 49bn in 2023, according to a forecast by Juniper Research. This growth will “significantly exceed” that of contactless card transaction volumes. More
Researchers alert Apple and Visa to contactless payment vulnerability
A vulnerability in the way that Visa cards work with Apple Pay Express Transit mode “could enable hackers to bypass an iPhone’s Apple Pay lock screen and perform contactless payments”, researchers at the University of Birmingham and the University of Surrey have found... More
JKB to issue biometric payment cards in Jordan
Customers of the Jordan Kuwait Bank (JKB) will soon be able to make contactless payments with a biometric bank card that enables them to authenticate transactions with their fingerprint. More
ABN Amro lets customers make cardless ATM withdrawals with their mobile phone
Customers of ABN Amro in the Netherlands can now make contactless cash withdrawals from ATMs via their mobile banking app without needing to use their debit card... More