A third of Indian households across a range of income groups now use digital payment methods, but “this can easily go up to 50% given high desire to use,” research from the National Payments Corporation of India (NPCI) and People Research on India’s Consumer Economy (PRICE) reveals... More
China’s Blockchain-based Service Network (BSN) has revealed plans to develop a universal digital payments network (UDPN) based on standardised procedures for international transfers and payments with and between central bank digital currencies (CBDCs)... More
PARTNER NEWS: The latest episode of the British public broadcaster’s popular technology series includes a segment on wearable payments that features a demonstration of how consumers can use Tappy’s technology to add a tokenized bank card to a wide array of contactless devices, including NFC-enabled watch straps, headphones, rings, lipstick holders and more... More
KNOWLEDGE CENTRE: Token management solutions that enable consumers to self-manage their digital cards from within their mobile banking app will provide issuers with the ability both to reduce customer service costs and improve customer experience, Antelop Solutions CEO Nicolas Bruley explains in a 22-minute webinar now available to view in the NFCW Knowledge Centre... More
Owners of Samsung’s new Galaxy S21 smartphones in the USA will not be able to make payments using Samsung Pay’s magnetic secure transmission (MST) technology... More
Owners of Fiat Chrysler vehicles equipped with the manufacturer’s Uconnect Market connected services platform will soon be able to order and pay for their favourite food and beverages from restaurants in 4,000 US cities via an app embedded in their in-vehicle touchscreen... More
The Agricultural Bank of China has launched pilot ATMs that enable customers in Shenzhen to deposit and withdraw money in the form of digital yuan, the country’s central bank digital currency (CBDC)... More
Mastercard is piloting a cloud-based version of its Tap on Phone payments acceptance solution, enabling merchants of all sizes to accept cloud-hosted contactless payments directly on their Android NFC smartphone or tablet... More
The number of people using QR code payment services globally will rise from 1.5 billion in 2020 to more than 2.2 billion in 2025, representing close to one in three (29%) of all the world’s mobile phone users, Juniper Research predicts... More
Passengers using Matatu minibus services in Kenya will no longer be able to pay their fares with cash once a digital fare collection system commissioned by the country’s National Transport and Safety Authority (NTSA) is rolled out... More
Fans of Ukrainian football team Dynamo Kyiv will soon be able to earn digital tokens that they can store in a mobile wallet and spend in-person at the team’s stadium and online at its digital marketplace... More
The People’s Bank of China (PBOC) has expanded its central bank digital currency (CBDC) pilot to include a contactless ‘hard wallet’ and NFC wearables that enable consumers to make in-store and transit fare payments with their digital yuan... More
Public transport users in Dubai can now use a Huawei NFC smartphone to pay for tickets on metro, tram, waterbus and other transit services operated by the Roads and Transport Authority (RTA) using a digital version of the Nol transit card... More
Passengers using public transport services in the greater Paris region could soon be able to store their Smart Navigo digital transit card on their iPhone and use it to make contactless fare payments... More
The UK could increase the limit for contactless transactions from £45 (US$61) to £100 (US$136), according to reports in the British press... More
Merchants in India can now use a standard NFC mobile phone to accept contactless RuPay domestic card payments valued at up to 5,000 rupees (US$68)... More
Passengers on Regional Transport Commission of Southern Nevada (RTC) buses in Las Vegas can now use cash to buy travel passes and top up their account to make contactless fare payments with the transit authority’s mobile ticketing app... More
Visa has published a research paper exploring an offline payment system (OPS) protocol for central bank digital currencies (CBDC) that would enable users to make digital payments to other users even when both sender and recipient are temporarily offline or unable to connect to a bank, payment network or other intermediary... More
Barclaycard is introducing a service that enables businesses in the UK to provide their employees with virtual corporate cards that can be used to make payments both online and at physical locations... More
The NFC Forum has introduced a product certification program that improves the user experience for NFC device owners by enabling manufacturers of smartphones and other NFC-enabled devices to prove that their products fully conform to a wide range of contactless transport, payments and access control standards... More