Global QR code transaction values to exceed US$3tn by 2025

Juniper Research graph showing global QR code transaction values to exceed US$3tn by 2025

The total transaction values for payments made using QR codes worldwide will reach more than US$3tn by 2025, an increase of 25% from US$2.4tn in 2022, driven by an increasing focus on financial inclusion in developing markets and alternative payment methods in developed regions, according to a forecast by Juniper Research... 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







What's New in Payments

One in five in-person Visa card transactions in the US are now contactless

Alfred Keylly Visa CEO

Nearly 20% of all in-person Visa card transactions in the US are now contactless, with that proportion rising to more than 25% in Los Angeles, Detroit, Orange County, Miami and Salt Lake City, over 30% in San Francisco, San Jose and Oakland, and reaching 45% in New York, according to the card network’s Q1 2022 earnings call... 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


NFC World

Researchers propose patient monitoring system for remote Covid-19 wards using NFC tags

Schematic showing proposed patient monitoring system for remote Covid-19 wards using NFC tags

Researchers at Rajalakshmi Engineering College in Chennai, India, and in Sydney, Australia, have published a paper laying out the framework for a “contactless tele-health system” that uses NFC technology to enable healthcare workers to upload, access and update health and treatment data for individual patients in remotely located mobile Covid-19 quarantine and isolation wards... More