Visa has filed an application for a patent that sets out a way for a central bank to take fiat money that is currently in circulation, digitize it, remove the converted physical currency from circulation and then enable consumers and merchants to conduct transactions using a digital wallet “stored on a chip of a smartcard or a secure element of a user 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
PayPal rolls out QR payments to 28 countries around the world
PayPal users in 28 countries across the world are now able to use their PayPal app to make QR code-based mobile payments in stores — and standard seller transaction fees are being waived “for a limited time” for merchants using the new functionality... More
Ghana switches on national instant QR mobile payments platform
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has switched on a QR code-based mobile payments platform that uses a nationally harmonised QR symbol and instantly transfers funds from a consumer’s mobile wallet or bank account to the merchant’s. More
ABI: An extra 110m contactless cards will now be issued in 2020
An additional 110m contactless payment cards will be issued in 2020 compared with pre-Covid-19 forecast expectations, ABI Research predicts, bringing the total in circulation to more than 2bn. More
Israel to increase contactless payments limit by 50%
The contactless payment limit is to be increased from ILS 200 (US$56.35) to ILS 300 (US$84.52) “by the end of 2020”, the Bank of Israel has announced, “in order to improve dealing with the coronavirus pandemic”. More
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Three in ten US consumers to use contactless and mobile payments post-pandemic
A new survey has found that 45% of US consumers are now using “a mobile wallet of some type”, 16% are using paper-based currency less than before the pandemic and 31% say will use contactless or mobile wallet payments instead of cash and cheques in the aftermath of Covid-19... More
Decathlon rolls out mobile self-checkout to 81 stores across Germany
Sporting goods retailer Decathlon is rolling out its Scan & Go mobile self-checkout solution to all its stores across Germany, in response to the spread of Covid-19... More
Australia records sharp increase in NFC mobile payments adoption
A total of 10.8% of Australians are now using Apple Pay, Google Pay or Samsung Pay, up from 7.1% a year ago, a new report from market researchers Roy Morgan has found... More
NNG reports on the user experience required to successfully deliver face-based payments in stores
Face-based payments offer the potential to improve customer convenience and increase checkout speeds in stores but require consumer education to be built into the user experience to alleviate security concerns, an in-depth study of services currently on offer in China has found... More
Samsung Pay unveils plan to launch its own debit card
Samsung has announced plans to introduce “a new Samsung Pay experience” that combines “an innovative debit card backed by a cash management account”... More
Contactless payments growth rate doubles in Nordic countries
The contactless payments growth rate in the Nordic region has doubled during the first four months of this year, regional payments processor Nets reports, “as social distancing steers Nordic consumers away from chip and PIN”. More
Amex reports shift in US consumer attitudes to contactless payments
The number of US consumers reporting that they are using contactless payments in stores has increased by 11%, an Amex survey has found. 50% of the surveyed consumers who have used contactless agree that it is safer for their health than using cash. More
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BharatPe adds voice alerts to merchant app to combat spread of Covid-19
BharatPe launches two new features in its app to curb need to touch handsets for checking transactions — Economic Times — “With Paisa Bolega — voice alerts of transactions — shopkeepers will be able to hear aloud instant confirmation of all payments received through their BharatPe QR, without touching the phone… This does away [with] the need for the merchant to check his phone repeatedly to see if money has come in.”
UK consumers report growing concerns over using ATMs and payment terminals
Touching technology: preparing for a post-pandemic future — Foolproof — “Since the outbreak, three out of four people say they are now more concerned than before about ATMs, a similar number about touchscreens in GP surgeries and more than half of users are more concerned than before about smartphones. Previously much less of a worry, card payment terminals are now more of a concern for six out of ten users, making it into the top 5 touchpoints of concern.”
Survey finds 84% of consumers are ‘thinking differently about how they make payments’
Over half of UK consumers have tried a new payment method since the outbreak of Covid-19 — Paysafe — “In the company’s latest ‘Lost in Transaction’ survey, in which 8,000 consumers globally were asked about their payment habits, findings revealed that 54% of UK consumers have used new forms of payments since the Covid-19 outbreak began, and 84% of respondents globally admitted they were now thinking differently about how they make payments.”
Berg Insight releases contactless POS terminal market stats
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
Payments Europe joins call for EU-wide delay to strong customer authentication deadline
Position paper on strong customer authentication: Industry readiness — Payments Europe — “Payments Europe calls upon the European Banking Authority (EBA) and National Competent Authorities (NCA) to give the industry and businesses more time to adopt the Strong Customer Authentication (SCA) requirements, beyond the current 31 December 2020 deadline for implementation.”
Blackhawk Network lets UK consumers make digital gift card payments in stores
PARTNER NEWS: Blackhawk Network subsidiary One4all is using Dejamobile’s ReadyToTap Gifts & Rewards solution to make it possible for UK consumers and businesses to send a digital gift card directly to a recipient’s mobile phone — and for the recipient to then use it to make payments online and at contactless terminals in stores... More
Belgian consumers double their use of contactless payments
Coronavirus has a major impact on our payment behaviour — Febelfin (translation) — “Since the limits increased, more than one in four card payments are handled contactlessly. 29% of card payments were made via contactless in April. This represents a doubling compared to February of this year (16%).”
Visa to provide merchants with ‘Tap to pay preferred’ decals to promote contactless payments in stores
Visa has unveiled a series of ‘tap to pay preferred’, ‘we are now cashless’, ‘how to pay contactless’ and ‘tap to pay encouraged’ decals, POS terminal stickers and toppers, table tents and mats to promote the use of contactless payments in stores... More