The group of Australian banks arguing for the right to collectively negotiate with Apple over the introduction of Apple Pay in the country have dropped their request to jointly arrange how to “pass-through” additional fees Apple imposes on its mobile payment service, and will now focus solely on gaining access to the NFC functionality within the iPhone. More
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
Mobile to account for 28% of online retail spending in Europe this year
More than a quarter of all online retail sales across Europe (27.9%) will be done using a mobile device in 2017, with UK consumers spending more money in-store, online and in-app using mobile devices than any other Europeans, research released by VoucherCodes.co.uk and the Centre for Retail Research (CRR) shows. More
Swatch to build OS for smartwatches
Swiss watchmaker Swatch is working on its own operating system for smartwatches, built in conjunction with research and technology provider CSEM... More
Australia’s retailers join the banks in their battle with Apple Pay
The Australian Retailers Association (ARA) has come out in support of the group of four Australian banks seeking stronger negotiation powers with Apple over the introduction of Apple Pay in the country, saying they believe access to the NFC functionality in the iPhone would allow retailers to provide “a richer and more convenient customer experience”. More
Apple Pay boss claims Australians will be ‘happy to switch banks’ for the mobile payments service
Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with Apple over the introduction of the mobile payments service risks “being left behind” in the development of digital wallets by doing so. More
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ING Direct and Macquarie Bank to add Apple Pay in Australia
ING Direct and Macquarie Bank have become the latest banks to sign up to support Apple Pay in Australia... More
Schiphol Airport tests facial recognition to speed up boarding
Amsterdam’s Schiphol Airport has begun a three-month trial of facial recognition technology at one of its boarding gates... More
3bn digital banking users by 2021
Nearly 3bn users will have access to retail banking services through smartphones, tablets, PCs and smartwatches by 2021, Juniper Research reveals, up 53% from 2017... More
Bus operator reports QR and NFC adoption stats
Bus passengers in the UK county of West Yorkshire are using QR codes and NFC at bus stops 10,000 times every week to retrieve travel information... More
Mobile wallet market to pass $4tn by 2021
The mobile wallet market will exceed US$4tn by 2021, Infiniti Research predicts, up from close to $1tn in 2016... More
Gartner predicts 20.4bn connected ‘things’ by 2020
Some 8.4bn connected “things” will be in use worldwide in 2017, up 31% from 2016, with 20.4bn in use by 2020, Gartner predicts... More
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LG to abandon mobile payments platform plans?
LG will not launch its LG Pay mobile payments platform on the upcoming LG G6 device due to time constraints and the company may be abandoning its plans to launch the service altogether, South Korean publication Newsis reports... More
US mobile payment transactions to reach $282bn by 2021
The total volume of mobile payment transactions in the US will reach US$282.9bn by 2021, Forrester estimates... More
Google unveils Android Wear 2.0 and new watch with support for NFC mobile payments
Google has officially unveiled Android Wear 2.0, the new version of its operating system for smartwatches, and two new watches from LG — one of which comes with NFC to support HCE mobile payments using Android Pay. More
Singapore’s Nets network moves to mobile payments
Singapore electronic payments network Nets is to go “digital and contactless” within the coming weeks... More
‘World first’ plastic NFC tag opens up new possibilities for NFC deployments
Global playing card and board game producer Cartamundi, nanoelectronics research centre Imec and Holst Centre — an initiative set up by Imec and Dutch research institute TNO — have unveiled a “world first” NFC tag made entirely out of plastic that offers the chance of “manufacturing chips in large volumes at low cost”. More
PayPal launches Slack payments bot
PayPal customers in the US, UK, Australia and Canada can now send money to each other using a PayPal bot on team messaging service Slack... More
Chinese mobile payments rise for Lunar New Year
The volume of payments made by Chinese consumers during the 2017 Lunar New Year holiday using their smartphones and China UnionPay’s contactless payment service “increased nearly 21-fold, year on year,” news agency Xinhua reports... More
Rakuten Pay to support 14 e-money services
Japanese ecommerce and internet giant Rakuten is to add support for 14 electronic money services to its in-store payment system from summer 2017... More