What's New in Payments

Visa: One in two consumers are no longer willing to shop at stores that don’t offer a fully contactless payments process

Visa Back to Business Study contactless graphic

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












What's New in Payments

Visa sets out payments innovation plans for Tokyo 2020 Olympic Games

Visa sets sights on a ‘Cashless Japan’ with one year to go to the Olympic Games Tokyo 2020 — Visa — “At the Rio 2016 Olympic Games, Visa offered a payment-enabled ring to its Team Visa athletes. At the PyeongChang 2018 Olympic Winter Games, Visa commercially sold wearable products, such as gloves and lapel pins, enabled to make payments over contactless payment readers. For Tokyo 2020, Visa is exploring payment innovations ranging from biometric payment authentication and wearables to new mobile applications which will include digitally-issued cards.”


What's New in Payments

Samsung Pay reports 80% increase in registered users in Brazil

Samsung Pay celebrates three years in Brazil with great results — Samsung (translation) — “The excellent results of the last 12 months indicate growth of 50% and increase of more than 100% in registered cards. In addition, the monthly number of active users increased by 80% and the number of transactions grew by more than 260% in the same period.”



What's New in Payments

Itaú Unibanco unveils low cost instant QR payments service in Brazil

Brazil’s Itau Unibanco to launch new payments app using QR code — Reuters — “Merchants using Iti will pay a fee of 1% per transaction and will receive payments instantly… The app also does not require merchants to buy or rent card reader machines… Itaú is also considering offering investments, loans and insurance products through the new app.”


What's New in Payments

WhatsApp Payments to launch in UK, Mexico and Brazil?

WhatsApp Payments reportedly coming to Mexico, Brazil, UK next — NDTV — “According to WABetaInfo, a prolific tipster of upcoming WhatsApp features, three countries — Brazil, Mexico, and [the] UK — will be getting WhatsApp Payments next… The service was introduced in beta in India last year but is yet to roll out to all users in the country because of regulatory hurdles.”


What's New in Payments

Brazil, Russia, India, China and South Africa to launch Brics Pay mobile payment service

Five-currency basket: Brics countries create a single payment service — Izvestia (translation) — “One of the likely scenarios for the project is the creation of a special online wallet that will unite the payment systems of all the Brics countries… The common wallet will work in the same way as existing payment services, such as Apple Pay or Samsung Pay. To this end, a separate cloud platform will be created that will connect the national payment systems of the five countries.”