Chinese mobile payments giant Alipay has announced a three-year plan to evolve its current offering into an open financial services and digital lifestyle platform — and has set a target of attracting 40m service providers by 2030... 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!
OEM Pay transaction volumes to exceed $1tn a year by 2024
Consumers will use payments services provided by smartphone makers and other original equipment manufacturers (OEMs) to make transactions valued at more than US$1tn a year by 2024, up from US$333bn in 2020, according to Juniper Research. More
NXP launches NFC digital car key solution
PARTNER NEWS: NXP has announced the availability of an automotive digital key solution that enables smartphones, key fobs and other mobile devices to “securely communicate, store, authenticate and share digital keys with vehicles.”... More
Wells Fargo offers $5 credit to customers who use their smartphone to make an ATM withdrawal
Wells Fargo is running a promotion that lets selected cardholders receive a US$5 credit when they use their smartphone to make a cash withdrawal at one of the US bank’s contactless ATMs... More
Helsinki Regional Transport begins contactless payments rollout
Helsinki Regional Transport has begun the rollout of EMV contactless payments across the Finnish capital’s rail, bus and ferry network... More
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Samsung Pay goes live in Kazakhstan
Samsung Pay is now live in Kazakhstan, with the backing of nine local banks — Altyn Bank, Alfa Bank, ATF Bank, CenterCredit Bank, Eurasian Bank, ForteBank, Halyk Bank, Jýsan Bank and Sberbank... More
Amazon to sell its cashierless store technology to other retailers
Amazon is making the cashierless store technology it uses in its Amazon Go stores available to other retailers under a new Just Walk Out brand name... More
NFCW launches online conference and exhibition platform
KNOWLEDGE CENTRE: The NFCW team has developed a new online conference and exhibition platform that lets readers quickly and easily share information on the innovative projects, products and services they are working on with our global audience of senior executives and technical specialists — and we’re opening early access today with some very special charter rates for sponsors and exhibitors... More
HID Global adopts Cilab NFC test equipment to standardise worldwide labs
PARTNER NEWS: HID Global is using Cilab’s ci230 high-speed testing suite to reduce testing bottlenecks and standardise its NFC test results across its labs around the world — and is gaining a positive return on its investment in the equipment in less than a year, engineering director Hans-Juergen Pirch has told NFC World. More
Bahamas expands digital currency pilot
The Central Bank of The Bahamas has extended its central bank digital currency pilot to the island of Abaco and revealed that the new Sand Dollar currency will include support for offline functionality... More
MTA extends Omny payments to Manhattan buses
Omny contactless card payment availability is being expanded to all local buses in Manhattan this month, New York’s Metropolitan Transportation Authority (MTA) has announced... More
EMVCo adds support for IoT payments
Payments standards body EMVCo has extended its security evaluation methodologies and processes to include support for IoT products and solutions, “enabling emerging solutions and devices to be evaluated quickly and efficiently”. More
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Access Bank to launch face recognition payments in Nigeria
Nigeria’s Access Bank is to introduce a payments system that uses a combination of facial recognition and artificial intelligence to let customers make purchases at retail stores, Ventures Africa reports... More
Digital wallets to account for 52% of global ecommerce sales by 2023
Digital wallets will be used to pay for ecommerce transactions valued at more than US$3tn a year by 2023, a new study has found... More
TfL signs £2m payments promotion deal with Google Pay
Google has agreed to pay Transport for London (TfL) £2m (US$2.56m) for the right to place Google Pay branding on all of London Underground’s 5,686 tap in/out card readers for a year... More
Mojang to add NFC figurines to Minecraft Earth
Minecraft developer Mojang is to launch a range of NFC-enabled Minecraft figurines that work with its new Minecraft Earth augmented reality game to let players access a range of character-specific boosts and power-ups... More
Santa Clara University rolls out iPhone NFC student IDs
Students, faculty and staff at Santa Clara University in the US can now add their Access student ID card to Apple Wallet and use their iPhone and Apple Watch to access buildings, attend athletic events, purchase meals and check out books from the library, the Silicon Valley-based university has announced... More
Tesco opens cashless convenience store
UK-based supermarket giant Tesco is testing a cashless-only payments service at its High Holborn store in central London... More
PayPal fixes Google Pay integration exploit
PayPal says it has now fixed an issue with its Google Pay integration that saw multiple users reporting that unauthorized transactions were appearing in their PayPal history, ZDNet reports. More
Singapore to pilot hands-free transit ticketing
Singapore’s Land Transport Authority (LTA) has issued a tender inviting suppliers to design a hands-free ticketing solution that will enable commuters to access trains and buses without needing to physically tap their card or mobile phone... More