Residents and tourists using public transport services in 40 provinces across Türkiye will soon be able to make contactless fare payments with their credit, debit or prepaid card without needing to purchase a ticket or local transport pass... More
More than one in two consumers worldwide prefer using a physical payment card to using cash or a digital wallet when making in-person purchases (53%), a survey has revealed... 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
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
Annual shipments of NFC-ready POS terminals reached 67.2m units globally in 2020, bringing the total number to 140.5m or 68% of all POS terminals worldwide, according to Berg Insight... More
A research paper published by the University of Exeter in the UK identifies the lack of global standards as one of the key barriers to the successful implementation of digital and paper-based Covid-19 health status certificates worldwide... More
Taxi drivers in Turkey can now accept contactless payments on their NFC Android smartphone without needing a separate point of sale (POS) terminal or any other additional hardware... More
Turkish citizens will be able to verify that they have been fully inoculated against Covid-19 using a “vaccine ID card” created through the Turkish Health Ministry’s Hayat Eve Sığar (HES) Covid-19 information app, according to a report by Hurriyet Daily News... More
Projects to develop a retail central bank digital currency (CBDC) for use by consumers and businesses are “more advanced” and “particularly strong” in emerging economies, according to analysis by global consultancy firm PwC... More
Consumers in Turkey wanting to open a bank account remotely will be able to do so via a video-based digital onboarding system that requires them to verify their identity using an NFC-enabled ID document, according to a new regulation issued by the country’s Banking Regulation and Supervision Agency (BRSA)... More
Customers of Emirates NBD in the Middle East, North Africa and Turkey are the first in the region to be able to verify their identity documents when they open a new account using an NFC-powered solution on the bank’s mobile banking app... More
Mastercard is piloting a cloud-based version of its Tap on Phone payments acceptance solution, enabling merchants of all sizes to accept cloud-hosted contactless payments directly on their Android NFC smartphone or tablet... More
Netherlands-based seed potato supplier HZPC is piloting smart delivery bags that use an integrated NFC chip to enable customers to download information about the potatoes a bag contains with a tap of their smartphone... More
Customers of BBVA bank in Spain can now apply for a ‘blank’ physical and digital payments card with ‘hidden’ credentials and a dynamic CVV code that can be used in credit, debit or prepaid mode... More
Customers of Turkish bank Garanti BBVA can now apply for a mobile-first credit card which combines a mobile wallet that supports QR and mobile payments with a ‘blank’ physical card that comes without a printed credit card number, expiration date or CVC code printed on it... More
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
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 is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says... More
The spending limit for contactless card payments in the UK is being increased from £30 (US$35.33) to £45 (US$52.99), UK Finance has announced. The new spending limit will begin to roll out from 1 April 2020. More
Contactless transaction limits are to more than double from 120 Turkish lira (US$18.29) to 250 lira ($38.11), Soner Canko, chair of the Turkish Interbank Card Center (BKM) has announced... More
