Contactless payments technology is causing “a sizable increase in the use of debit cards for small-value payments”, but is having an “economically small and statistically insignificant” impact on the use of cash and cash demand, according to a study conducted by the World Bank... More
Almost nine in 10 card present transactions conducted globally (86.1%) were made using EMV chip-enabled payment cards between January and December 2020, according to standards body EMVCo... More
The Commonwealth Bank of Australia (CBA) has seen the number of monthly digital wallet transactions increase by 90% from 36m in March 2020 to 68m in March this year, with the total value more than doubling from A$2.1bn (US$1.6bn) to A$1bn (US$0.8bn) in the same period... More
The number of open-loop EMV contactless cards used to make transit ticketing payments worldwide will increase from 24.8m currently to 136.9m by 2025, according to an ABI Research forecast... More
Consumers in the Bahamas will be able to use mobile wallets integrated with the country’s Sand Dollar “like an ATM” and transfer the central bank digital currency to their wallet directly from their bank account, the governor of the Central Bank of The Bahamas, John Rolle, has said... More
More than nine in 10 consumers (93%) will consider using digital payment methods including contactless, QR code and biometric payments as well as cryptocurrency transactions in the next year, according to a Mastercard survey... More
Passengers on public transportation services in Ireland can now use an NFC-enabled iPhone to top up their Leap transit card using Transport for Ireland’s (TfI) Leap Card top-up app... More
The number of payments made using Apple Pay and Google Pay increased by nearly 650% and the number of PIN-free contactless card transactions grew by more than 10% in certain regions of the UK, according to figures published by merchant payments provider Dojo... More
Customers of Emirates NBD bank in the United Arab Emirates can now earn entries to a prize draw for luxury items whenever they make a contactless payment with their credit or debit card, mobile wallet or payments-enabled wearable device... More
The number of consumers using software-based facial recognition to authenticate payments worldwide will reach 1.4 billion by 2025, up from 671 million in 2020, according to a forecast by Juniper Research... More
Visa has processed 1bn additional PIN-less, touch-free payments since 29 countries across Europe increased contactless transaction limits in response to the Covid-19 pandemic last year, the card network reports... More
The number of American consumers using their smartphone to make in-store mobile payments will reach 101.2 million in 2021 following a 29% increase in usage during 2020, according to an eMarketer forecast... More
The number of registered mobile money accounts globally grew by 13% in 2020 to reach a total of more than 1.2bn, according to research by the GSMA... More
Google has joined with secure element (SE) vendors to launch the Android Ready SE Alliance to accelerate the adoption of new use cases for Android devices including digital car keys and mobile IDs... More
The total value of contactless transactions made using payment services provided by smartphone and other original equipment manufacturers (OEMs) will reach more than US$1tn in 2022, a rise of 377% on 2019, Kaleido Intelligence predicts... More
PARTNER NEWS: India’s Axis Bank has launched a range of wearable contactless payment devices using technology provided by Thales and Tappy Technologies... More
Passengers on New York subway and bus services have tapped their contactless bank card or mobile wallet to pay their fares using the Omny open loop fare payment system more than 50m times since the service launched in May 2019, the Metropolitan Transportation Authority (MTA) has announced... More
The UK is to increase the limit for contactless transactions from £45 (US$63) to £100 (US$140), the UK Treasury has announced... More
Contactless in-store payments made with a mobile wallet worldwide exceeded in-store cash payments for the first time during 2020, new research reveals... More
Biometric payment cards containing a built-in fingerprint sensor could generate more than US$5bn in global banking revenue and account for 15% of the market by 2026, according to a forecast by analysts at Swiss bank UBS... More
