NFC mobile payments accounted for 25% of overall POS transaction volumes in Saudi Arabia in September, Saudi Payments reports... More
Adoption
Six in ten Europeans abandon digital bank applications during onboarding
Nearly two-thirds of consumers in Europe (63%) have abandoned a digital bank application in the past year, compared with 40% in 2019, according to new research... More
Nearly a quarter of US Starbucks orders are now made from its mobile app
Nearly one in four transactions at Starbucks outlets in the US are now being made using the company’s mobile app, the coffee chain reports. The company’s 2020 fiscal results show that the percentage of mobile orders made using the Starbucks app has increased over the year More
NFC Forum reports on consumer attitudes and adoption trends across the world
Seven in ten consumers are confident with the security contactless cards/mobile wallets provide and 88% report a consistently positive user experience with NFC contactless technologies, a survey of consumers in nine countries around the world has found... More
University of Tennessee reports on NFC campus ID adoption
Students and staff at the University of Tennessee in the US are now using mobile campus ID cards stored on their iPhone or Apple Watch to gain access to buildings and make on- and off-campus payments an average of 46,000 times a day, more than double the average six months ago... More
Visa: Consumers have made an extra 500m touch-free payments in Europe since contactless limits were increased
Visa has processed 500m additional PIN-less, touch-free transactions since contactless payment limits were increased in 29 countries across Europe in response to the Covid-19 pandemic, the card network reports... More
Visa lets merchants in 15 countries accept contactless payments on standard NFC phones
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
Six in ten US merchants now accept contactless payments
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
BCG reports on the mobile payments market in Africa
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
MTA completes Omny rollout in Manhattan
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
MTA reports continued rise in Omny contactless payments usage on New York subway
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 consumers favour a further increase in UK contactless transaction limit
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
Visa: One in two consumers are no longer willing to shop at stores that don’t offer a fully contactless payments process
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
Three in four US consumers now prefer using contactless cards
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
Visa reports on contactless transit ticketing adoption
“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 reports on tokenization adoption
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 lets Hong Kong commuters add their transit card to iPhone and Apple Watch
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
Dejamobile launches white label solution for contactless payments acceptance on standard NFC devices
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
Interac reports surge in digital payments adoption
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
ABI: An extra 110m contactless cards will now be issued in 2020
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