Merchants in more than 15 countries around the world are now able to use Android NFC smartphones and tablets to accept contactless payments with no additional hardware required, Visa has announced... More
The percentage of merchants in the USA that now accept contactless payments has risen to 58% from 40% last year, while those accepting mobile payments from digital wallets has gone up to 56% from last year’s 44%, according to research released by the National Retail Federation (NRF)... More
Kenya and Ghana have the highest rates of mobile payment use in the world after China and, ultimately, there could be as many as 850 million mobile payment users in Africa conducting transactions worth US$2.5tn to US$3tn a year, according to a report from the Boston Consulting Group (BCG)... More
Transit passengers in New York can now pay for their tickets with their contactless card or mobile wallet at every subway station and on all buses in Manhattan using the Metropolitan Transportation Authority’s Omny contactless fare payment system... More
The number of passengers using the Omny contactless payment service to pay for journeys on the New York City subway has risen by 168% since August 2019 and by 50% since May this year, New York’s Metropolitan Transportation Authority (MTA) reports... More
One in three UK consumers (32%) are in favour of further raising the country’s current contactless spending limit from £45 (US$59), according to a YouGov survey... More
A survey of merchants and consumers in eight countries around the world has found that the Covid-19 pandemic has resulted in “a dramatic shift to digital commerce” with nearly half of consumers (48%) saying they would not now shop at a store that only offers payment methods that require contact with a cashier or a shared device... More
A survey of 1,000 US consumers who are familiar with contactless payment cards has found that 75% now prefer using contactless cards as their primary payment method... More
“Globally, Visa now has more than 500 active transit projects and has helped a number of cities launch tap to pay solutions over the course of the pandemic,” the payments network has revealed... More
Visa has announced that it has now issued more than 1bn tokens through its Visa Token Service (VTS) and there are now more than 8,200 issuers using the service in 150 markets around the world... More
Octopus transit card holders can now use their iPhone or Apple Watch to pay their fares and make purchases at 35,000 retail outlets across Hong Kong that accept Octopus for payments... More
PARTNER NEWS: Dejamobile has launched a white label solution that enables merchants to be provided with the ability to accept EMV contactless and digital payments on standard NFC phones and tablets — with no additional hardware required... More
Since mid-March, first-time users of Interac’s e-Transfer service have increased by 43% and the average number of transactions has increased by 9% compared to the same time last year, the Canadian domestic debit card network provider has revealed... More
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
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
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
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
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
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%).”
“While the full impact of Covid-19 on tap to pay adoption across the world is yet to be fully seen, early indications highlight a shift in consumer spend toward every day, essential segments where contactless usage is high, such as grocery and pharmacy,” Visa says... More
