The Bank of England and UK Treasury have launched a consultation on the design of the proposed digital pound and could roll out the central bank digital currency (CBDC) during the second half of the decade, according to bank and government officials... More
Consumers in Nepal can now make contactless NFC payments by tapping their smartphone on an NFC reader at the point of sale (POS) without needing an internet connection... More
The number of credit cards issued via digital card issuance platforms worldwide will rise from 120m in 2023 to more than 320m by 2027, according to a Juniper Research forecast... More
Russel Luis E Fernandes, head of product for card present payments at European omnichannel payments leader Trust Payments, will share the lessons learned from developing a software-only POS solution for large and small merchants across Europe at NFCW’s next Contactless World Congress event on 21 February... More
The European Central Bank (ECB) is considering plans to develop a digital euro app that would enable consumers to use the proposed central bank digital currency (CBDC) to make contactless and QR code-based payments and “facilitate a standard approach to connecting end users to intermediaries” including banks and other payments processors... More
College students with a physical prepaid U-Pass SmarTrip transit card can now generate, store and use a digital version of it in Apple Wallet... More
Apple users with accounts at two Russian banks will soon be able to attach an NFC payment sticker to the back of their iPhone that enables them to make contactless payments for goods and services with their smartphone... More
The Central Bank of Bangladesh is trialling an interoperable payments system that will enable customers of more than 15 major banks and payment service providers to pay for their purchases by scanning a standardized QR code at a participating merchant’s point of sale with their smartphone... More
Samsung Wallet will soon go live in Australia, Brazil, Canada, Hong Kong, India, Malaysia, Singapore and Taiwan, enabling users to store and use digital payment, loyalty, membership and identity cards, digital keys, boarding passes and other credentials on their compatible Samsung Galaxy smartphone... More
Penn State University in the US has launched a digital student identity card that students can store on their Apple or Android NFC smartphone or smartwatch and use to access campus buildings and to make contactless on-campus purchases... More
Passengers travelling on buses, electric buses and trolley buses in Prague in the Czech Republic can now use their physical or digital debit or credit card to purchase tickets for their journeys from onboard contactless self-service terminals rather than in advance or from the driver... More
The People’s Bank of China (PBOC) has added a function to its digital yuan payment app that allows users to continue to make offline payments using the central bank digital currency (CBDC) from their Android NFC smartphone even if their device has no power... More
The Government of Delhi’s Transport Department has issued a tender inviting suppliers to design and implement a digital ticketing system on the Indian capital’s bus networks that will enable passengers to pay for their journeys via mobile ticketing, a contactless card or a RuPay-enabled National Common Mobility Card (NCMC)... More
Residents and tourists using public transport services in 40 provinces across Türkiye will soon be able to make contactless fare payments with their credit, debit or prepaid card without needing to purchase a ticket or local transport pass... More
More than six in ten card payments made at the point of sale (POS) across European countries within the eurozone are now contactless (62%) compared with just over four in ten in 2019 (41%), a European Central Bank (ECB) survey reveals... More
Passengers travelling on buses, trams, water buses and ferries in the Italian city of Venice will soon be able to make contactless fare payments with their credit or debit card or from a digital wallet on their NFC smartphone or smartwatch... More
Just over half of UK consumers believe that the growing popularity of digital payments is making physical wallets irrelevant (51%) and one in five say they do not expect to carry a wallet or purse within five years (21%), a figure that rises to 38% among millennials, according to a Mastercard survey... More
PARTNER NEWS: Dejamobile has added support for pre-authorizations to its white label softPOS solution, making it possible for merchant service providers, acquirers and payments facilitators to provide hotels, car rental agencies and other merchants with the ability to accept contactless transactions that include a pre-authorization element on a standard Android NFC phone... More
The ECB has laid out a series of design and distribution options for a digital euro that describe how the Eurosystem and supervised intermediaries such as commercial banks would operate in order to issue, distribute and settle transactions made using the proposed central bank digital currency. More
Lapland-based festive cheer provider Santa Claus may be leveraging NFC technology across multiple use cases including vehicle access, identity verification and contactless payments for last-minute purchases in order to facilitate the global distribution of seasonal gifts over the Christmas period, images released by the NFC Forum suggest... More
