Global contactless transaction values will reach US$10tn by 2027, up from US$4.6tn in 2022, with contactless mobile and wearable payments expected to grow by 221% and contactless card payments by 119% over the same period, according to a Juniper Research forecast... More
Contactless mobile payment (CMP)
EMVCo reports on the future of contactless payments
A slide deck and video recording of EMVCo’s keynote presentation at Contactless World Congress on the future of contactless payments are now available to access free of charge in the NFCW Knowledge Centre... More
How to join today’s EMVCo keynote session at Contactless World Congress
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place today at 3pm BST, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
48 hours to EMVCo’s Contactless World Congress keynote on the future of contactless payments: Reserve your place now
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place on Wednesday at 3pm BST/10am EDT, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
Hema to pilot software-only POS terminals in Dutch department stores
Dutch retail chain Hema is to trial a software-only point-of-sale (sPOS) solution that enables staff to accept contactless payments on any Android smartphone or tablet without needing any additional hardware or accessories... More
Denmark trials hands-free contactless mobile transport ticketing platform
Danish public transport fare system provider Rejsekort & Rejseplan (RKRP) is trialling a hands-free automated app-based mobile ticketing system on bus and train services in Denmark’s North Jutland region as part of plans to develop a national digital mobility solution combining travel planning, booking, ticketing and payment across private and public modes of transport... More
China lets consumers link their bank account to their central bank digital currency app for contactless payments
Chinese consumers in the 23 cities and regions piloting the country’s central bank digital currency (CBDC) can now automatically transfer funds to their digital yuan wallet app whenever their balance runs low, removing the need to manually top up the balance in their e-yuan app... More
EMVCo to keynote Contactless World Congress
EMVCo’s director of engagement and operations and the chair of the EMVCo Board of Managers will be making a virtual keynote presentation on the future of contactless payments at Contactless World Congress on 7 September at 3pm BST/10am EDT... More
Three quarters of iPhone users in the US have now enabled Apple Pay
Three in four iPhone users in the USA have now activated Apple Pay (75%), a rise of 25 percentage points from 50% in 2020, according to research by Loup Ventures... More
Dutch rail network to trial contactless open loop fare payments
Rail operator NS in the Netherlands is to pilot a contactless open loop fare payment system that will enable passengers to pay for their train fares by tapping their physical debit or credit card or their digital debit card stored on a smartphone or smartwatch at the beginning and the end of their journey... More
Metrolinx expands open loop contactless ticketing in Greater Toronto Area
Passengers travelling on public transport services operated by GO Transit, Brampton Transit, MiWay and Oakville Transit in the Greater Toronto and Hamilton Area of Ontario in Canada can now make contactless fare payments with a tap of their physical or digital credit card, without needing to buy a Presto transit card or e-ticket... More
Nearly a third of all payments in the UK are now contactless
Nearly one in three of all payments in the UK were made using contactless cards or with a smartphone or smart watch in 2021 (32%), a rise of 36% compared with transaction volumes in 2020, according to figures from UK Finance... More
Apple Pay goes live in Qatar
Apple Pay has launched in Qatar with support for American Express cards and Mastercard and Visa cards issued by seven major banks... More
Bank of New Zealand cuts contactless transaction fees with software-only POS solution
Merchants in New Zealand can now accept contactless payments on an ordinary Android NFC smartphone using a low-cost software point of sale (sPOS) solution that users will be able to implement without a monthly fee for using the app until January 2024 if transactions are settled to a Bank of New Zealand (BNZ) account... More
Norway, Finland and New Zealand top list of countries closest to becoming cashless
Norway, Finland and New Zealand are the three countries closest to becoming cashless societies, followed by Hong Kong, Sweden, Denmark, Switzerland, the UK, Singapore and the Netherlands, according to research published by Merchant Machine... More
US Department of Agriculture to trial NFC and QR mobile payments for contactless state benefits
The US Department of Agriculture (USDA) is to run a series of pilot schemes to test the use of mobile payments technology to enable citizens entitled to financial support under its Supplemental Nutrition Assistance Program (SNAP) to receive benefits and make NFC or QR code payments for eligible purchases on their mobile device... More
Samsung includes NFC, UWB and MST contactless technologies in foldable phones and wearables
Samsung’s new Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Watch 5 and Galaxy Watch 5 Pro all offer NFC functionality, while some also include ultra wideband (UWB) capabilities and the phone maker’s own MST magnetic stripe emulation technology... More
Apple Pay expands to Malaysia
Apple Pay has launched in Malaysia with support for Mastercard and Visa cards issued by AmBank, Maybank and Standard Chartered Bank... More
More than 34m merchants worldwide to accept contactless payments on NFC smartphones by 2027
The number of merchants worldwide using software point of sale (sPOS) solutions to accept contactless payments on an ordinary NFC smartphone or tablet will increase from 6m in 2022 to more than 34.5m by 2027, according to Juniper Research... More
Huawei Pay goes live in Italy
Customers of Intesa Sanpaolo bank in Italy with a compatible smartphone can now digitise and add their PagoBancomat payment card to a Huawei Pay digital wallet and use it to make in-store NFC mobile payments... More