Coronavirus – NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, near field communication (NFC) and contactless, and beyond Tue, 31 Mar 2020 13:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.4 https://www.nfcw.com/wp-content/uploads/2020/02/cropped-nfcw-favicon-white-32x32.png Coronavirus – NFCW https://www.nfcw.com 32 32 37289602 Qatar triples contactless transaction limit https://www.nfcw.com/2020/03/31/366186/qatar-triples-contactless-transaction-limit/ Tue, 31 Mar 2020 12:47:11 +0000 https://www.nfcw.com/?p=66186 Banks in Qatar are raising the contactless transaction limit from 100 riyals (US$27.46) to 300 riyals (US$82.39), in a bid to limit the spread of Covid-19. “For contactless purchases up to QAR 300 at selected POS terminals, and up to QAR 1,500 (US$411.97) cumulative at any merchant globally, no PIN entry is required,” QNB says. […]

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EBA recommends Europe-wide contactless transaction limit increase https://www.nfcw.com/2020/03/26/366181/eba-recommends-europe-wide-contactless-transaction-limit-increase/ Thu, 26 Mar 2020 15:39:42 +0000 https://www.nfcw.com/?p=66181 The European Banking Authority has issued a statement urging the European payments industry to increase contactless transaction limits to €50 (US$54.97). “Well-functioning payment services are vital at this time, and contactless payments should be stepped up to the threshold allowed under EU law,” the EBA says. The EBA has “noted the importance of orderly payments […]

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Mastercard: 29 countries have now agreed to raise their contactless payment limit https://www.nfcw.com/2020/03/25/366151/mastercard-29-european-countries-have-now-agreed-to-raise-their-contactless-payment-limit/ Wed, 25 Mar 2020 17:00:39 +0000 https://www.nfcw.com/?p=66151 Mastercard is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says. The countries are Albania, Armenia, Belarus, Bulgaria, Croatia, Cyprus, Estonia, Georgia, Germany, Greece, Hungary, Ireland, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Macedonia, Poland, Portugal, Spain, Sweden, Tajikistan, […]

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UK raises contactless transaction limit by 50% https://www.nfcw.com/2020/03/24/366125/uk-raises-contactless-transaction-limit-by-50/ Tue, 24 Mar 2020 13:30:47 +0000 https://www.nfcw.com/?p=66125 The spending limit for contactless card payments in the UK is being increased from £30 (US$35.33) to £45 (US$52.99), UK Finance has announced. The new spending limit will begin to roll out from 1 April 2020.

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Germans switch to contactless payments amid coronavirus concerns https://www.nfcw.com/2020/03/23/366122/germans-switch-to-contactless-payments-amid-coronavirus-concerns/ Mon, 23 Mar 2020 16:54:41 +0000 https://www.nfcw.com/?p=66122 “Coronavirus concerns have pushed consumers across Germany to make the switch to using contactless payments for the first time,” The Local.de reports. “More than half of payments currently being made by card are contactless, compared with 35% before the coronavirus crisis hit, according to the German Credit Agency (DK),” the publication says. “Germany has remained […]

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China promotes consumer spending with government mobile payment vouchers https://www.nfcw.com/2020/03/23/366119/china-promotes-consumer-spending-with-government-mobile-payment-vouchers/ Mon, 23 Mar 2020 16:50:42 +0000 https://www.nfcw.com/?p=66119 The Chengyang District of the city of Qingdao has become the first in China to use a new WeChat service to issue government vouchers directly to residents’ mobile phones, in a bid to boost consumer spending as the Chinese economy begins to recover from Covid-19. A total of RMB 10m (US$1.41m) is being distributed to […]

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Egypt promotes cashless payments with increased contactless transaction limit, free prepaid cards and mobile wallets https://www.nfcw.com/2020/03/23/366116/egypt-promotes-cashless-payments-with-increased-contactless-transaction-limit-free-prepaid-cards-and-mobile-wallets/ Mon, 23 Mar 2020 15:35:10 +0000 https://www.nfcw.com/?p=66116 The Central Bank of Egypt (CBE) has introduced a series of measures designed to reduce the need for citizens to use cash to make payments, including a doubling of the contactless payment transaction limit and free access to both prepaid card and mobile wallet services. The contactless payment limit is being doubled from E£300 (US$19.05) […]

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LibertyBus stops accepting cash payments for tickets https://www.nfcw.com/2020/03/23/366110/libertybus-stops-accepting-cash-payments-for-tickets/ Mon, 23 Mar 2020 15:02:21 +0000 https://www.nfcw.com/?p=66110 LibertyBus, the public bus service operator for the island of Jersey, has stopped accepting cash payments for tickets. “We are only accepting AvanchiCard and contactless payments on the bus and at the customer service desk,” the operator says. “No cash payments, please.” LibertyBus made the move “after being told to do so by the government”, […]

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Metlink bans cash payments for transit tickets https://www.nfcw.com/2020/03/23/366106/metlink-bans-cash-payments-for-transit-tickets/ Mon, 23 Mar 2020 14:28:04 +0000 https://www.nfcw.com/?p=66106 Metlink, the transportation agency for the Greater Wellington region of New Zealand, has ceased accepting cash payments on all buses, trains, ferries and stations “to stay one step ahead of Covid-19 and give our passengers and staff more peace of mind”. The move forms part of a package of measures Metlink is introducing. “To encourage […]

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Norwegian banks increase domestic contactless card transaction limit https://www.nfcw.com/2020/03/23/366101/norwegian-banks-increase-domestic-contactless-card-transaction-limit/ Mon, 23 Mar 2020 14:20:21 +0000 https://www.nfcw.com/?p=66101 Norway is increasing the transaction limit for BankAxept domestic contactless debit card payments from 400 kr (US$34.28) to 500 kr (US$42.84) “in order to minimise the number of physical touch points where infection can be transmitted”. “The change comes into effect as of today, and is out in the biggest chains and pharmacies over the […]

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