Global shipments of contactless payment cards top 2bn in 2021

Contactless card being tapped on payment device

The total number of contactless payment cards and modules shipped globally exceeded 2bn for the first time and accounted for more than three-quarters of the overall total of 2.63bn smart payment card and module shipments during 2021 (76%), according to figures released by the Smart Payment Association (SPA)... More




What's New in Payments

BIS reports on CBDCs in emerging markets

BIS graph showing motivations for CBDC projects in emerging market economies

Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More



China to roll out digital ID cards nationwide

China Premier Li Keqiang revealing digital ID card plans

China is to roll out a digital version of its national identity card that residents can store and access on their smartphone across the whole country “this year”, the Chinese premier Li Keqiang has told a press briefing... More






What's New in Payments

IMF reports on digital currencies

IMF managing director Kristalina Georgieva

Around 100 countries are now exploring the potential development and issuance of a central bank digital currency (CBDC), and the challenges and opportunities identified by these research projects reveal a need for “increased international information-sharing of insights learned”, according to an International Monetary Fund (IMF) report... More




NFC World

Chinese researchers create highly flexible NFC circuits using transparent film based on calligraphy paper

HHighly flexible NFC circuit created using transparent film based on calligraphy paper

Researchers at the University of Science and Technology of China in Hefei have developed a pliable high-strength transparent film and demonstrated how it can be used to create NFC circuits that can still be read even after being folded or bent and could be integrated into flexible electronic and optical devices... More





What's New in Payments

More than half of Asia Pacific consumers make digital payments at least once a week

Survey graph showing percentage of Asia Pacific consumers making digital payments on named devices

Nine in 10 consumers in the Asia Pacific region have used mobile payment apps at least once during the past 12 months, while more than half have used digital payment methods at least once a week and a sixth have made a digital payment for the first time since the beginning of the Covid-19 pandemic (15%), according to research published by Kaspersky... More