Consumers in the US can now receive a US$2.50 credit to their mobile wallet that they can use to buy a Coca-Cola beverage at any restaurant that accepts card payments... More
The Hong Kong Monetary Authority (HKMA) is launching “a comprehensive study” that will explore the use cases, benefits and risks of developing a digital Hong Kong dollar as a central bank digital currency (CBDC). More
El Salvador has become the first country in the world to adopt bitcoin as legal tender, allowing citizens to use the cryptocurrency to make payments for goods and services as well as pay their tax bills and receive remittances from abroad. More
PARTNER NEWS: Timex Group has officially launched a range of watches and watch straps that let the wearer make tokenized payments at any merchant equipped to accept Visa contactless payments... More
Financial inclusion, creating a competitive ecosystem, comparison with other payment innovations, user privacy and monetary and financial stability will be the five core principles that guide the Bank of England’s future exploration and development of a central bank digital currency (CBDC) in the UK, the financial institution has revealed. More
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PARTNER NEWS: Antelop Solutions has introduced a new solution that makes it possible for banks and card issuing processors to use a single software development kit to add all the very latest digital card features to their mobile banking apps... More
Passengers with an Android NFC phone can now make tap-and-go fare payments on public transportation services in the Washington DC area in the US by adding a SmarTrip transit card to Google Pay... More
Apple iPhone users will soon be able to store digital versions of their identity documents and a wider range of digital keys in their Wallet app, enabling them to prove their identity and tap to unlock their home, garage, workplace or hotel room with their smartphone... More
EMVCo has issued a new specification bulletin that makes it mandatory for contactless payment terminal suppliers to make use of IQ demodulation techniques in order to receive EMVCo certification. More
Passengers travelling on three inter-regional bus routes in South Korea’s Gyeonggi-do province can now test a ‘tagless’ fare payment system that enables them to pay for their tickets without needing to tap an onboard contactless reader with their transit card or smartphone... More
Passengers travelling on Brescia Mobilità buses in the northern Italian city and 14 surrounding municipalities can now make contactless fare payments with their credit or debit card or from a digital wallet on their NFC phone or smart watch... More
Contactless payments technology is causing “a sizable increase in the use of debit cards for small-value payments”, but is having an “economically small and statistically insignificant” impact on the use of cash and cash demand, according to a study conducted by the World Bank... More
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Sweden’s central bank The Riksbank is to begin testing its e-krona central bank digital currency (CBDC) with external partners to assess how a digital krona would operate within a real world banking and payments infrastructure. More
Portuguese supermarket chain Continente has opened its first autonomous cashierless store in Lisbon, enabling customers to use a QR code generated in the company’s Labs app to access the shop and automatically pay for their purchases from their mobile phone without needing to scan their goods or use a checkout... More
Customers of CaixaBank in Spain can now use the bank’s ATMs to access the same online digital banking services and features as those available to them on its mobile app and website... More
Apple is seeking to recruit a business development manager to research and form partnerships with “strategic alternative payment providers”, launch “new programs” and contribute to “business strategy and product roadmaps for the growth of Apple Pay and Wallet Services”, a job advertisement posted by the company reveals. More
Consumers in the Cologne-Bonn area of Germany will soon be able to receive digital receipts on their NFC smartphone for in-store purchases at merchants taking part in a pilot of a new digital receipt service being launched by the Sparkasse group of savings banks... More
Motorists purchasing Hyundai’s Ioniq 5 crossover utility vehicle (CUV) in North America will be able to pay for electric vehicle (EV) charging, parking, food and beverages directly from the fully electric car’s infotainment screen... More
Passengers on public transportation services in Chicago in the US can now use an Android NFC smartphone to make tap-and-go fare payments by uploading the Chicago Transit Authority’s (CTA) virtual Ventra transit card to Google Pay... More
Collectors and investors purchasing a limited edition “crypto stamp” issued by Austrian Post will soon be able to authenticate their purchase by scanning an NFC chip embedded in the packaging of the physical version of the postage stamp with their smartphone... More