The majority of European consumers would feel comfortable with contactless transaction limits of up to €150 (US$169), three times the current European Union limit of €50 (US$56), according to Payments Europe research... More
Customers of Santander bank in the UK can now set their own contactless transaction limit lower than the maximum of £100 (US$132) introduced by the UK government in October... More
Passengers travelling on public transport services in Singapore can now participate in a game to earn reward points for making open loop contactless fare payments by tapping their bank card or mobile wallet on an onboard reader or station gate... More
Annual shipments of NFC-ready POS terminals reached 67.2m units globally in 2020, bringing the total number to 140.5m or 68% of all POS terminals worldwide, according to Berg Insight... More
More than 488,000 consumers in Nigeria have downloaded an eNaira digital wallet and conducted transactions worth a total of 62m naira (US$151,000) in the country’s central bank digital currency (CBDC) since its launch in October, according to a Central Bank of Nigeria (CBN) spokesman... More
The total number of personal and corporate digital yuan wallets issued in China has risen from 24.5m in July to 140m as of October, an increase of nearly 600%, the People’s Bank of China’s Mu Changchun has revealed... More
The global transaction volume of in-store and ecommerce digital wallet payments will exceed US$10tn by 2025, according to a forecast commissioned by Discover Global Network... More
Customers of Emirates NBD bank in the United Arab Emirates completed 34m contactless transactions during eight weeks of the bank’s ‘Get Together. Go Contactless’ promotion. “The ‘Get Together. Go Contactless’ campaign has accelerated the adoption of contactless payments substantially,” the bank says. More
Eight in ten (80%) in-person contactless payments made from digital wallets using Commonwealth Bank of Australia (CBA) debit and credit cards are made by tapping an Apple device, the bank has told a government inquiry into mobile payments and digital financial services... More
Just over two-thirds of consumers globally (67%) now expect bricks-and-mortar retail stores to accept contactless payments and just under half (44%) wouldn’t shop at a store that only offers payment methods that require contact with a cashier or shared device, a survey of merchants and consumers in nine countries around the world has found... More
Nearly two in three consumers in the UK (62%) would now prefer to use their payment card through a mobile wallet compared with 31% last year, according to a survey commissioned by Samsung Pay... More
More than three in four cashless payments made in Germany (77%), Austria (80%) and Switzerland (82%) are now contactless — a rise of more than 35 percentage points from an average of 40% across the three countries in June 2019, according to figures published by Nordic payments processor Nets... More
The total number of digital ticketing transactions worldwide will increase by 62% from 20.8bn in 2021 to 33.8bn in 2023, with bus and metro ticketing accounting for one in three (33%) of those transactions, according to a forecast by Juniper Research... More
Two-fifths of US consumers (40%) still prefer to use cash and just under 40% of US businesses (39%) maintain a cash-only policy for purchases of less than US$20 “despite the availability of technology-driven forms of payment such as credit cards, debit cards and mobile wallets,” a survey by a division of WSFS Bank has found... More
The total value of contactless card transactions worldwide will reach US$2.5tn in 2021, up from US$1.7tn in 2020, Juniper Research predicts. The researchers also forecast that card payments will retain “the majority share of overall contactless transaction values at 79% in 2021”. More
More than four fifths of consumers (81%) worldwide are ready to use a biometric payment card and authenticate payments with their fingerprint rather than a PIN code, according to a survey commissioned by a biometric technology provider... More
Passengers on New York’s subway and bus services have now tapped their contactless bank card, smartphone or wearable device to pay fares using the Omny open loop fare payment system more than 100m times since its launch in May 2019, double the total of 50m the Metropolitan Transportation Authority (MTA) reported in March this year... More
Contactless payments will account for more than half (57%) of the total global value of transactions made at the point of sale (POS) by 2026, compared with just under 25% in 2021, Juniper Research predicts... More
The average number of digital payments made for purchases from vending machines in the US grew steadily during 2019, finally exceeded those made with cash in April 2020 and continued to increase over the course of 2020, a new study shows... More
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