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
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
Google Pay users in India can now choose to make in-store mobile payments with their Android NFC smartphone directly from their bank account using the country’s Unified Payment Interface (UPI) real-time mobile payments service... More
Devotees will soon be able to make contactless offerings and other charitable payments at some 536 Hindu temples across India using a QR code-based payment system being piloted by the Hindu Religious and Charitable Endowments Department... More
Tourists in India can now top up their contactless Delhi Metro Rail Corporation (DMRC) transit card and receive information about routes and fares from their Apple or Android mobile device via the official Delhi Tourism app... More
Consumers in key markets around the world have switched from physical cash to digital and contactless payment methods at “a rate unprecedented” since the Bank for International Settlements (BIS) launched its Red Book of payment and settlement statistics in 2004, BIS says... More
Google Pay users in India can now apply for and receive a personal loan in their bank account via the payment service’s app... More
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
Passengers using bus services in the Indian city of Mumbai will now be able to automatically verify that they have been fully vaccinated against Covid-19 in order to travel when they present their digital bus ticket on their smartphone... More
Banks in India, Poland, Iraq, Mexico, Lebanon and Egypt are among those set to trial biometric payment cards that enable customers to authenticate contactless payments with their fingerprints... More
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
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
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
Delhi Metro Rail Corporation (DMRC) has begun installing its upgraded contactless fare collection system that will enable passengers to pay for their journeys via NFC mobile ticketing, QR code mobile or paper ticketing, an EMV bank card or RuPay-enabled National Common Mobility Card (NCMC)... More
Delhi Transport Department is to begin issuing drivers in the Indian capital with digital driving licences and vehicle registration certificates in the form of QR code-enabled contactless smart cards that link to records held on central online databases... More
More than four fifths of consumers (81%) worldwide are ready to use a biometric payment card and authenticate payments with their fingerprint rather than a PIN code, according to a survey commissioned by a biometric technology provider... More
The number of open-loop EMV contactless cards used to make transit ticketing payments worldwide will increase from 24.8m currently to 136.9m by 2025, according to an ABI Research forecast... More
Passengers travelling on Delhi Metro Rail Corporation (DMRC) services in India can now top up their contactless AutoPe DMRC transit cards at the network’s automatic fare collection gates... More
Commuters travelling on buses provided by app-based office shuttle service provider Shuttl can now authenticate their mobile boarding passes using an ultrasonic ‘data-over-sound’ contactless verification system... More
Google Pay users in India will soon be able to choose whether they want to share their transaction history and other activity data with the company in order to receive more personalised offers and rewards... More
