Customers at a coffee shop in Budapest, Hungary, and a number of small city-centre retailers in Guadalajara, Spain, are piloting a biometric payment service which allows them to make payments at the point of sale using their face and palm without needing a card, smartphone or other mobile device... More
More than half of consumers in the Asia Pacific region would make contactless tap-to-phone NFC payments directly to a merchant’s mobile phone at the checkout “despite solutions not yet being widely available in the region”, according to research released by Visa. More
Both banked and unbanked residents of the UAE will soon be able to make instant cashless digital payments using a digital cash platform which they can either link directly to their bank accounts or add value to with cash at registered locations... More
Payments standards body EMVCo has produced a webcast explaining how the EMV 3-D Secure (3DS) authentication protocol can help online retailers and payment service providers meet upcoming PSD2 strong customer authentication (SCA) requirements for online transactions. More
The European Commission has opened a preliminary investigation into Visa’s rules regarding staged digital wallets, the payments network has revealed in a note added to its latest quarterly filing. More
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Consumers living in remote parts of rural Sweden where conventional stores and supermarkets have closed down can now use their mobile phones to buy goods 24 hours a day at automated, unmanned grocery stores operated by Swedish retail start-up Lifvs... More
Residents and retailers in Bermuda are taking part in a pilot to test the viability of a “digital stimulus token”, which the Bermudan Government hopes to use to distribute financial aid more efficiently and to facilitate the purchase of food and other essential items during and beyond the Covid-19 pandemic... More
Motorists in Austin, Texas, in the US, can now use Google Pay to make payments for parking directly from Google Maps, removing the need for them to use a physical parking meter or ticketing machine or download a parking payment app... More
Visa’s client banks and card issuers across Europe will be able to use a platform developed by Norwegian payments app Vipps to launch their own mobile wallets, following a strategic partnership deal signed by the two companies. More
The National Payments Corporation of India (NPCI) has announced the launch of subsidiary firm NPCI International Payments Limited (NIPL) with the aim of exporting its Unified Payments Interface (UPI) real-time mobile payments service and RuPay domestic payment card scheme to global markets. More
Google Pay has begun testing tokenized NFC-based credit and debit card payments in India, enabling users of supported cards to add them to their payment options for NFC, QR and online payments... More
US supermarket chain Giant Eagle has installed checkout-free technology at a GetGo Café+Market store in the Greater Pittsburgh area, enabling customers to simply walk into the store, select the items they wish to purchase and checkout via their mobile phone... More
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Drivers can now use Alexa to pay for their fuel using just a voice command at any of more than 11,500 Exxon and Mobil stations across the US... More
The market for payment-enabled wearable devices will reach US$7.2bn in 2024, “driven by a surge in contactless payment adoption, as a result of growing usage of contactless cards and near field communication (NFC)-enabled mobile payments,” ABI Research predicts. More
Asia is leading the way in the use and development of digital currencies and remains the world’s largest digital payments market, with China alone accounting for more than half of the total transaction value worldwide, according to a new research paper published by Singapore’s DBS Bank... More
Dutch bank ING and supermarket giant Albert Heijn are to pilot a tokenized payments service which enables customers to pay for online purchases from their bank accounts without needing to provide retailers with account credentials... More
Transactions conducted by customers using Korean bank DGB Daegu’s IM Bank mobile banking app on a Samsung Galaxy A Quantum 5G smartphone will soon be secured with 5G quantum cryptography technology that generates true random numbers to encrypt one-time passwords and identity verification information... More
Countries with digitised and innovative economies are more likely to be developing central bank digital currency (CBDC) projects while those with a larger informal economy are tending to focus on creating retail CBDCs, a working paper published by the Bank for International Settlements (BIS) reports. More
The Banco Central do Brasil has formed a study group to evaluate the benefits and challenges of issuing a central bank digital currency (CBDC) in the country. More
Indian telecommunications giant Reliance Jio has begun piloting Jio Pay, a new UPI-enabled payments service which includes support for both NFC and QR mobile payments. More
