The Netherlands Authority for Consumers and Markets (ACM) has opened an investigation into whether companies such as Apple are in breach of competition rules if they limit the access payments apps have to a smartphone’s NFC chip and restrict a user’s choice of contactless in-store payment method on that device. More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
Apple Pay to go live in Mexico “very soon”
Apple Pay is due to roll out in Mexico “very soon”, according to the payments service’s Mexican website... More
Economists propose single global digital currency
A single global retail central bank digital currency (CBDC) and a single global 24/7 payment system could be an “optimum solution” as the basis for a new payment model “enhancing market discipline and fairness to all stakeholders”, according to a new paper... More
Dejamobile white paper explains how software-only POS solutions will drive wider adoption of in-store contactless payments
KNOWLEDGE CENTRE: A new generation of software-only solutions that let merchants accept contactless payments on standard NFC smartphones and tablets will “transform digital payment acceptance and consumers’ checkout experiences in stores,” Dejamobile explains in a new white paper now available to download from the NFCW Knowledge Centre... More
Antelop launches secure customer authentication SDK
PARTNER NEWS: Antelop Solutions has launched a new SDK that lets banks quickly and easily provide their customers with a way to use their mobile phone as a trusted, multi-factor authentication device that complies with strong customer authentication (SCA) requirements under PSD2. More
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Mastercard adds NFC payments to virtual corporate cards
Businesses in the US can now issue their employees with virtual corporate cards that can be loaded into a mobile wallet and used to make payments at contactless point-of-sale terminals... More
UN reports on impact of Covid-19 on ecommerce payments in developing countries
Ecommerce businesses in 23 of the world’s poorer nations have seen “a notable increase” in digital payments as a result of the Covid-19 pandemic, according to a report by the United Nations Conference on Trade and Development (UNCTAD)... More
Mashreq Bank rolls out contactless payments on standard NFC phones
Owners of small and medium-sized businesses (SMEs) in the UAE can now accept contactless payments on standard Android NFC smartphones, with no need for additional hardware... More
Contactless payment and instant credit ecosystem rolls out in UAE
Residents of the United Arab Emirates can now make in-app and in-store NFC and QR code-enabled contactless payments, international remittances, utility bill payments and P2P financial transfers and apply for instant credit using a single mobile payments app... More
Hyundai includes fingerprint payments sensor in new Genesis GV70 vehicles
Drivers of Hyundai’s Genesis GV70 SUV will be able to make in-car payments for fuel and parking simply by touching a biometric sensor integrated with the vehicle’s infotainment system... More
McKinsey and EBA identify threats to European banks’ payments revenues
The central role traditionally played by banks in the European payments ecosystem “may be coming under challenge” as some specialist payments providers reach double-digit growth rates in payment revenues, according to a report jointly published by the Euro Banking Association and McKinsey & Company... More
Payconiq rolls out cross-border QR mobile payments service in Europe
Users of Payconiq-supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries... More
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SBI Card integrates NFC payments into mobile app
SBI Card Mastercard holders in India can now make NFC payments at any contactless point-of-sale terminal from their mobile device after registering their credit card on the latest version of the payment service’s app. More
Japanese airline turns to mobile payments to boost revenues during Covid-19
Frequent flyers with All Nippon Airways (ANA) will soon be able to make in-store purchases and accumulate air miles by using a QR code-enabled mobile payments service that the Japanese airline is to launch “amid shrinking travel demand due to the coronavirus outbreak,” Japan Today reports... More
Ford lets commercial vehicle drivers process payments from their connected vehicle app
Food and beverage suppliers, mobile florists, couriers and other small business owners in Germany, France, Italy, Spain and the UK can now use their FordPass Pro connected vehicle app to accept card payments from their customers... More
Central Bank of Iceland rolls out instant payments platform
The Central Bank of Iceland (CBI) has implemented a new real-time gross settlement system (RTGS) and instant payment platform that will allow it to manage up to 5m interbank, P2P, P2B and B2B payments a day... More
Digital greeting cards giant Evite adds contactless gifting
Senders of Evite digital greeting cards can now also send the recipient a gift card, via an integration with Blackhawk Network‘s eGift service... More
UBS launches sustainable credit card made from corn
Customers of Swiss bank UBS can now opt for an environmentally friendly credit card made from a corn-based plastic substitute — and will soon be able to apply for a digital-only card that they can start using immediately upon acceptance... More
OP Financial to pilot biometric payment card in Finland
Finland’s OP Financial Group is to pilot a biometric payment card that will allow users to authenticate payments over the contactless transaction limit with their fingerprint rather than with a PIN. More
Stocard rolls out mobile payments service in four more European countries
Leading European mobile loyalty wallet provider Stocard has expanded its Stocard Pay service to users in Germany, France, Italy and the Netherlands, enabling them to make in-store NFC payments in addition to using the wallet to access loyalty cards and redeem rewards... More