One in ten consumers in the Nordic countries now prefer to make mobile payments at the point of sale, double the number who prefer to use cash (5%), making mobile payments the second most popular payment method in the region for the first time, according to figures from regional payments processor Nets... More
Île-de-France Mobilités (IDFM) has begun phasing out the sale of physical tickets for journeys on the Paris Metro as the first step towards accepting contactless or mobile fare payments only... More
A quarter of all debit and credit card transactions made in Australia are now made using a mobile wallet (25%), up from 10% in the March quarter of 2020, according to figures from the Reserve Bank of Australia (RBA). ... More
The integration of virtual cards into digital wallet services like Apple Pay and Google Pay will drive a 340% increase in virtual card transactions, from 28bn in 2022 to 121bn by 2027, Juniper Research predicts... More
Visa has processed more than 1bn contactless fare payments on transit systems around the world over a period of 10 months, signalling “rapid growth” in the uptake of digital payment options, the card network reports... More
More than four in ten UK consumers now make in-person and ecommerce purchases from their mobile device on a weekly basis (43%), making mobile payments “the predominant form of payment” in the country with mobile commerce transaction values predicted to reach £100m (US$112m) by 2024, according to research published by payment services provider Rapyd... More
Digital ticketing transaction values worldwide will exceed pre-pandemic levels next year and reach US$1.7tn in 2027, up from US$768bn in 2022, according to a forecast from Juniper Research... More
Global contactless transaction values will reach US$10tn by 2027, up from US$4.6tn in 2022, with contactless mobile and wearable payments expected to grow by 221% and contactless card payments by 119% over the same period, according to a Juniper Research forecast... More
More than 710,000 Greek citizens have used the Greek government’s Gov.gr Wallet app to create and store a digital version of their national identity card on their smartphone and more than 563,000 have used it to generate a digital version of their driving licence since the service went live last month... More
Three in four iPhone users in the USA have now activated Apple Pay (75%), a rise of 25 percentage points from 50% in 2020, according to research by Loup Ventures... More
Nearly one in three of all payments in the UK were made using contactless cards or with a smartphone or smart watch in 2021 (32%), a rise of 36% compared with transaction volumes in 2020, according to figures from UK Finance... More
The proportion of contactless payments made for purchases from vending machines in the US increased from 18% of all transactions in January 2021 to 43% in October 2021, has now reached 48% and “could grow by another 12%” by the end of this year, a new study reveals... More
Merchants in New Zealand can now accept contactless payments on an ordinary Android NFC smartphone using a low-cost software point of sale (sPOS) solution that users will be able to implement without a monthly fee for using the app until January 2024 if transactions are settled to a Bank of New Zealand (BNZ) account... More
Norway, Finland and New Zealand are the three countries closest to becoming cashless societies, followed by Hong Kong, Sweden, Denmark, Switzerland, the UK, Singapore and the Netherlands, according to research published by Merchant Machine... More
The number of merchants worldwide using software point of sale (sPOS) solutions to accept contactless payments on an ordinary NFC smartphone or tablet will increase from 6m in 2022 to more than 34.5m by 2027, according to Juniper Research... More
The number of stores worldwide that enable customers to self-scan their purchases on their own smartphone or a device provided by the merchant rose by 10,000 during 2021 to reach a total of 46,000, but that total is set to more than triple and exceed 161,000 globally by 2027, according to Retail Banking Research (RBR)... More
The total value of digital wallet transactions globally will exceed US$12tn in 2026, up from US$7.5tn in 2022, and the total number of digital wallet users worldwide will increase from 3.4 billion in 2022 to more than 5.2 billion in 2026, according to a forecast by Juniper Research... More
More than eight in ten consumers have used “an NFC contactless card or mobile payment wallet” (85%) and contactless payment card usage has increased by 30% over the past two years, according to a survey of consumers in nine countries around the world that has been conducted for the NFC Forum... More
Just over a third of UK consumers now have a digital wallet (34%), but that proportion rises to more than two thirds among 18-34 year olds (64%) compared with just 18% among 54-65 year olds, a survey has found... More
More than 500,000 students at 100 higher education facilities across the USA have now added an NFC-enabled digital campus card to Apple Wallet or Google Pay on their NFC smartphone or smartwatch, according to campus card provider Transact... More
