More than half of consumers in the Asia Pacific region would make contactless tap-to-phone NFC payments directly to a merchant’s mobile phone at the checkout “despite solutions not yet being widely available in the region”, according to research released by Visa. More
Both banked and unbanked residents of the UAE will soon be able to make instant cashless digital payments using a digital cash platform which they can either link directly to their bank accounts or add value to with cash at registered locations... More
Visa’s client banks and card issuers across Europe will be able to use a platform developed by Norwegian payments app Vipps to launch their own mobile wallets, following a strategic partnership deal signed by the two companies... More
US supermarket chain Giant Eagle has installed checkout-free technology at a GetGo Café+Market store in the Greater Pittsburgh area, enabling customers to simply walk into the store, select the items they wish to purchase and checkout via their mobile phone... More
The market for payment-enabled wearable devices will reach US$7.2bn in 2024, “driven by a surge in contactless payment adoption, as a result of growing usage of contactless cards and near field communication (NFC)-enabled mobile payments,” ABI Research predicts.... More
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
South Africa’s Nedbank has become the first bank in Africa to enable merchants to accept contactless payments on standard NFC phones... More
Canada’s DCBank has partnered with technology supplier XTM to provide shopping malls and entertainment venues with ‘reverse ATMs’ that let customers instantly convert their physical money into a prepaid Mastercard they can then use to make payments at cashless points of sale... More
Seven in ten German consumers would now like to have more opportunities to use contactless payments and 75% are trying to avoid cash payments “as often as possible”, a new survey has found... More
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has switched on a QR code-based mobile payments platform that uses a nationally harmonised QR symbol and instantly transfers funds from a consumer’s mobile wallet or bank account to the merchant’s... More
Buses will no longer accept cash payments once current curbs on public transportation are eased, the Bangalore Metropolitan Transport Corporation (BMTC) has announced... More
A total of 10.8% of Australians are now using Apple Pay, Google Pay or Samsung Pay, up from 7.1% a year ago, a new report from market researchers Roy Morgan has found... More
Costa Rica has announced plans to implement a national, multimodal transit ticketing infrastructure that includes support for both QR mobile payments and EMV contactless cards and devices... More
PARTNER NEWS: HID Global has announced that employee ID card issuers can now use its Seos digital credential technology to let staff use smart watches, watchbands, rings and other devices to gain access to buildings, log in to PCs and cloud applications, make payments at vending machines, and more... More
The number of US consumers reporting that they are using contactless payments in stores has increased by 11%, an Amex survey has found. 50% of the surveyed consumers who have used contactless agree that it is safer for their health than using cash. More
Over half of UK consumers have tried a new payment method since the outbreak of Covid-19 — Paysafe — “In the company’s latest ‘Lost in Transaction’ survey, in which 8,000 consumers globally were asked about their payment habits, findings revealed that 54% of UK consumers have used new forms of payments since the Covid-19 outbreak began, and 84% of respondents globally admitted they were now thinking differently about how they make payments.”
Coronavirus has a major impact on our payment behaviour — Febelfin (translation) — “Since the limits increased, more than one in four card payments are handled contactlessly. 29% of card payments were made via contactless in April. This represents a doubling compared to February of this year (16%).”
Visa has unveiled a series of ‘tap to pay preferred’, ‘we are now cashless’, ‘how to pay contactless’ and ‘tap to pay encouraged’ decals, POS terminal stickers and toppers, table tents and mats to promote the use of contactless payments in stores... More
“While the full impact of Covid-19 on tap to pay adoption across the world is yet to be fully seen, early indications highlight a shift in consumer spend toward every day, essential segments where contactless usage is high, such as grocery and pharmacy,” Visa says... More
“We have seen over 40% growth in contactless transactions worldwide in the first quarter,” Mastercard president Michael Miebach has revealed, with “more than half of new tappers saying they will continue to use contactless once this pandemic is over.”... More