NFCW EXPO: Canada-based Tappy Technologies’ showcase in the NFCW Expo is now open, featuring panel discussions exploring the future of wearable payments and a product demo of the tokenized payments technology that forms the backbone of Timex Pay... More
Canada
Canada begins testing national digital ID framework
The Digital ID and Authentication Council of Canada (DIACC) has begun alpha testing a framework of industry standards for digital ID authentication in order to create a trusted digital environment before the rollout of a digital ID infrastructure in the country — and the launch of a national trustmark for service and solution providers... More
Titan and SBI pick Tappy wearable payments technology for India’s first contactless payment watches
PARTNER NEWS: Watch brand Titan has partnered with State Bank of India (SBI) for the launch of a range of watches that makes use of Canada-based Tappy Tech’s wearable payments technology to let consumers make contactless transactions at POS terminals across India... More
Metrolinx adds mobile ticketing option for occasional public transport users in the Greater Toronto area
Visitors to Canada’s Greater Toronto area and other occasional users of Metrolinx’s Durham Region Transit (DRT) and Hamilton Street Railway (HSR) buses can now purchase, store and activate tickets on their smartphone without having to use cash or buy a Presto transit card as part of a project to give passengers more contactless and mobile payment options across the agency’s transit networks... More
BIS reports on central bank digital currency initiatives around the world
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
Saskatoon Transit to combine mobile ticketing with Mobility-as-a-Service
Public transport users in the Canadian city of Saskatoon will soon be able to plan their journeys, get real-time updates, pay their fares and connect their bus journeys to complementary door-to-destination transport options in a single app that combines mobile ticketing with Mobility-as-a-Service (MaaS).... More
Visa: One in two consumers are no longer willing to shop at stores that don’t offer a fully contactless payments process
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
LA Metro to let passengers add their TAP transit card to Apple Pay ‘this year’
Public transport users in Los Angeles will be able to add their TAP transit card to their iPhone or Apple Watch “this year”, LA Metro has announced... More
Card networks begin global Click to Pay rollout
American Express, Discover, Mastercard and Visa have announced that “they are each beginning technical preparations for global expansion” of Click to Pay, the single buy button solution for online merchants based on the EMVCo Secure Remote Commerce (SRC) standard... More
Stocard picks Dejamobile to add payments to mobile loyalty app
PARTNER NEWS: European mobile loyalty wallet leader Stocard has added support for NFC payments to its app as it looks to evolve its digital wallet into an all-in-one payments, banking and shopping service... More
DCBank backs ‘reverse ATMs’ that turn cash into prepaid Mastercards
Canada’s DCBank has partnered with technology supplier XTM to provide shopping malls and entertainment venues with ‘reverse ATMs’ that let customers instantly convert their physical money into a prepaid Mastercard they can then use to make payments at cashless points of sale... More
ATM industry publishes plan to combat the decline of cash withdrawals
The ATM Industry Association (ATMIA) has published an ATM and Cash Revival Plan “for an ATM industry hit hard by the Covid-19 pandemic”... More
Metrolinx to let iPhone users top up Presto transit cards via NFC
Apple iPhone users in Toronto, Ottawa and Hamilton will soon be able to use their Presto app to top up their transit card via NFC... More
Interac reports surge in digital payments adoption
Since mid-March, first-time users of Interac’s e-Transfer service have increased by 43% and the average number of transactions has increased by 9% compared to the same time last year, the Canadian domestic debit card network provider has revealed... More
PayPal rolls out QR payments to 28 countries around the world
PayPal users in 28 countries across the world are now able to use their PayPal app to make QR code-based mobile payments in stores — and standard seller transaction fees are being waived “for a limited time” for merchants using the new functionality... More
Berg Insight releases contactless POS terminal market stats
Shipments of NFC-ready POS terminals reached 47.8m units globally in 2019, bringing the total to 100.4m worldwide, according to Berg Insight... More
Visa reports on impact of Covid-19 on contactless payment adoption
“While the full impact of Covid-19 on tap to pay adoption across the world is yet to be fully seen, early indications highlight a shift in consumer spend toward every day, essential segments where contactless usage is high, such as grocery and pharmacy,” Visa says... More
Canada increases contactless transaction limit by 150%
Visa and Mastercard are increasing the contactless payment limit in Canada by 150%, from C$100 (US$70) to C$250 (US$176)... More
Table: Contactless payment transaction limit increases around the world
Updated 30 January 2023 Countries around the world are increasing the contactless transaction limit in a bid to lower cash usage to combat the spread of Covid-19... More
Mastercard, Thales and Tappy explain how watch and wearable brands can add support for payments
KNOWLEDGE CENTRE: The opening session of the Wearable Payment Summit 2020, NFCW’s first online conference, is now available to watch free of charge in our Knowledge Centre... More