The value of the average contactless payment made in the UK has risen by 30% since the country increased its contactless spending limit from £45 (US$59) to £100 (US$132) in October last year, according to figures from UK Finance... More
Consumers worldwide will use payment services provided by smartphone makers and other original equipment manufacturers (OEMs) to make more than 30.7bn ecommerce transactions by 2026, an increase of more than 24.5bn on the 6.1bn predicted for 2022, according to a forecast by Juniper Research... More
China is to launch trials of its central bank digital currency (CBDC) in more cities and regions across the country after rolling out a pilot version of the digital yuan wallet app in January and trialling the CBDC during the Beijing Winter Olympics... More
Some 95% of passengers travelling with AirAsia now use the Malaysian airline’s contactless self-check-in service that enables them to receive an e-boarding pass, choose their seat and add baggage, in-flight meals and travel insurance via the airline’s app or website... More
The number of contactless card purchases made worldwide will increase by an average of 23% a year and reach a total of more than 522bn by 2026, up by more than 370bn on the 149bn recorded in 2020, according to a forecast by Retail Banking Research (RBR)... More
Shipments of biometric payment cards with embedded fingerprint sensors will grow by almost 850% and reach a total of 173m worldwide by 2026, according to a forecast by Juniper Research... More
The total number of contactless card payments made in Spain increased by 10% during 2021, the highest growth rate recorded in Europe, according to payment services provider Minsait Payments... More
More than a third of in-person payments made using Visa credentials across Latin America and the Caribbean in December 2021 were contactless (“close to 35%”), a two-fold increase on the same period in 2020, according to Visa Consulting and Analytics (VCA)... More
Nearly two thirds of branded and independent hotels will be offering mobile room keys (64.1%) and more than three quarters will have implemented self-service check-in options including contactless kiosks and mobile check-in (75.4%) by the end of 2022, according to a survey by New York University (NYU)... More
Consumers in key markets around the world have switched from physical cash to digital and contactless payment methods at “a rate unprecedented” since the Bank for International Settlements (BIS) launched its Red Book of payment and settlement statistics in 2004, BIS says... More
Eight in ten card payments made in the Nordic countries during 2021 were contactless, an increase from 74% in 2020, according to figures from regional payments processor Nets... More
Nearly 20% of all in-person Visa card transactions in the US are now contactless, with that proportion rising to more than 25% in Los Angeles, Detroit, Orange County, Miami and Salt Lake City, over 30% in San Francisco, San Jose and Oakland, and reaching 45% in New York, according to the card network’s Q1 2022 earnings call... More
One in two in-person transactions authorised, cleared and settled through Mastercard’s payment processing services worldwide during Q4 2021 were contactless, up from “approximately” one in three in the period prior to the Covid-19 pandemic, according to figures revealed at the card network’s Q4 earnings call... More
The total transaction value of contactless card payments made in UK stores “surged” by 40.2% in 2021 and the average number of contactless payments made each day increased by 27.5% compared with the previous year, according to Barclaycard... More
Public transport users in Washington DC in the US who add a SmarTrip transit card to Apple Wallet or Google Pay will be credited with 10 free 45-minute rides on the region’s public bicycle share scheme... More
One in four consumers globally expect to switch to making cashless payments only within the next two years (25%), while one in two say it will happen in the next 10 years (53%) and 16% say they already solely make digital payments, a survey of consumers and merchants in nine markets worldwide has found... More
Nearly seven in ten debit card transactions (69%) and just over half of all credit card transactions (53%) in the UK are now contactless, according to figures from UK Finance... More
The Metropolitan Transportation Authority (MTA) in New York has confirmed that it is to pilot weekly fare capping for passengers using the Omny open loop ticketing system on its subway, bus and Staten Island Railway services... More
More than nine in 10 consumers in Nigeria (91%) and six in 10 consumers in Indonesia (60%) would be likely to use a central bank digital currency (CBDC) compared with less than 24% in the US and 14% in Germany, according to a report by Giesecke+Devrient and the Official Monetary and Financial Institutions Forum (OMFIF)... More
Nine in 10 consumers in the Asia Pacific region have used mobile payment apps at least once during the past 12 months, while more than half have used digital payment methods at least once a week and a sixth have made a digital payment for the first time since the beginning of the Covid-19 pandemic (15%), according to research published by Kaspersky... More