What's New in Payments

ECB survey reveals Europeans expect digital euro to be private, secure and easy to use

ECB survey of European opinions of digital euro graph

More than two-fifths (43%) of Europeans rank privacy as the most important feature of a digital euro central bank digital currency (CBDC), with 18% citing security, 11% the ability to pay across the eurozone, 9% the lack of additional costs and 8% offline usability, according to a European Central Bank (ECB) survey... More















Transit Ticketing Today

Transit card providers to issue combi card that works in both Singapore and Malaysia

EZ-Link and Touch ‘N Go to introduce dual currency cross-border combi card — EZ-Link — “A first in Southeast Asia, the Combi Card will securely host both electronic wallets from EZ-Link and Touch ‘n Go. Targeted for launch in quarter four 2019, the card will first allow users to pay for urban mobility in both countries… To date, EZ-Link has issued about 30 million Cepas EZ-Link cards in Singapore and Touch ‘n Go has more than 23 million active Touch ‘n Go cards in circulation in Malaysia.”


What's New in Payments

Saudi Arabia and UAE to develop joint digital currency

UAE and Saudi Arabia announce launch of common digital currency ‘Aber’ — Emirates 24/7 — “The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) today announced in a joint statement the launch of the common digital currency project ‘Aber’, which will be used in financial settlements between the two countries through blockchains and distributed ledgers technologies.”


What's New in Payments

Singtel adds Apple Pay to Dash mobile wallet

Singtel Dash goes global with Visa and Apple Pay — Singtel — “Singtel is expanding the payment capabilities of its all-in-one mobile payments app, Dash, to include international mobile payments. Dash customers are now able to use their Visa Virtual Account on the Dash app at millions of online retailers worldwide and merchant points that accept Visa contactless payments. In addition, customers can also use Dash on Apple Pay, making it the first non-bank mobile wallet in Singapore on Apple’s easy, secure and private payments system.”


What's New in Payments

Taiwan Cooperative Bank tests standardized EMVCo QR codes for payments

Taiwan Cooperative Bank completed Taiwan’s first standardized QR code payment in partnership with Visa — Visa — “By adopting the EMV QR Code Specification, as supported by Taiwan’s two large domestic payment switches, consumers can enjoy a fast, convenient and secure payment experience. The specifications are intended to be globally interoperable; and with the right mobile application local consumers as well as overseas travellers will be able to use the same QR code to make payments everywhere the specifications have been adopted.”


What's New in Payments

Asian carriers begin rollout of cross-border mobile payments service

Singtel and AIS debut Via, Asia’s first cross-border mobile payment alliance — Singtel — “The Via alliance is the first initiative of its kind to connect both telco and non-telco mobile wallets across borders to create a region-wide payment network that will enable consumers to use their local mobile wallets when travelling. The Singtel Group will progressively expand this alliance to include other regional associates Airtel in India, Globe in the Philippines, Telkomsel in Indonesia, working within each country’s regulations, and non-telcos including China’s Ping An eWallet.”