Poste Italiane adds QR code payments to Postepay app
Italy’s national postal service provider has added QR code-based payments to its mobile payments app, to support the country’s transition from cash to digital payments... More
Digital payments
Transport for NSW reports on contactless ticketing adoption
Public transportation users in Sydney, Australia, are now using their contactless debit card, credit card or linked device to make 1.5m journeys a week, Transport for NSW has revealed... More
New York City bans cashless stores
New York City has joined New Jersey, Philadelphia and San Francisco in passing legislation that makes it illegal for stores, restaurants and other retail outlets to not accept cash... More
Dejamobile to host digital payments workshops at Paris Fintech Forum
PARTNER NEWS: NFCW readers are invited to join Dejamobile and speakers from Arion Bank, Crédit Agricole, GVS, Stocard, Tribe Payments and Valitor for two digital payments workshops taking place at the Paris Fintech Forum on the morning of 28 January 2020... More
Samsung adds Promoted Cards to Samsung Pay in Australia
Samsung has teamed up with financial services comparison site Finder to add a credit card shopping feature to Samsung Pay, “enabling everyday Australians to discover compelling credit card offers from participating financial institutions” from within its mobile wallet... More
EU banks plot pan-European rival to Visa and Mastercard
A group of 20 European banks are working together on “setting up a pan-European payment system to challenge the dominance of Visa, Mastercard and technology companies such as Google and PayPal,” French news agency AFP reports... More
India’s bank-led UPI instant payments platform reports 1bn mobile transactions
“UPI has had the fastest acceptance rate not just among payment platforms but digital platforms of any kind,” Dilip Asbe, chief executive officer of the National Payments Corporation of India, has told Bloomberg... More
WHSmith to accept online payments direct from UK customers’ bank accounts
Mastercard has signed up four WHSmith retail brands for Pay by Bank (PbBa), a strong customer authentication-compliant payments service that uses customers’ mobile banking apps and the UK’s faster payments system to let online retailers accept payments direct from shoppers’ bank accounts... More
Facebook loses Libra cryptocurrency backers
Visa, Mastercard, eBay, Stripe and Mercado Pago have followed PayPal in pulling out of Facebook’s Libra cryptocurrency project. The moves mean that PayU is now the only payments company to still be listed as a founding member of the Libra Association. More
Raiffeisen Bank picks Antelop for NFC payments and strong customer authentication
PARTNER NEWS: Raiffeisen Bank has launched an Android NFC mobile payments service in Romania and the Czech Republic that uses Antelop Solutions’ digital payments and tokenization platform... More
Google Pay reports 67m users in India
“In the last 12 months alone, we’ve grown more than three times to 67 million monthly active users, driving transactions worth over US$110bn on an annualised basis, with hundreds of thousands of offline and online merchants,” Caesar Sengupta, vice president of Google’s next billion users initiative, has revealed... More
Accenture issues $280bn payments revenue warning to banks
Banks are at risk of losing up to 15% of global payments revenue, valued at US$280bn, due to “the growth of digital payments and competition from non-banks”, Accenture predicts — but they also have the opportunity to capture US$500bn in new payments-related revenues “if they adopt innovative business models”... More
Polish merchants to pilot dongle-free contactless payments
Merchants in Poland are to be the first to pilot a new service that enables them to accept contactless payments of any amount “via a smartphone or tablet, in the same way a traditional payment terminal functions but with no additional equipment”... More
XYZ to adopt finger vein payments at co-working cafe
Co-working space provider All Work & Social has signed up as the launch partner for a biometric payments system that uses the pattern of veins in a customer’s fingertip to replace the need to carry a card, phone or cash... More
Saudi Arabia combines NFC, QR and faster payments to speed move to cashless society
Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More
Transport for NSW eyes face recognition for frictionless transit card payments
NSW looks to facial recognition as Opal card alternative — iTnews — “In the transport space we’ll use facial recognition technology to scan customers who’ve ‘opted in’ and linked their Opal account… No more gate barriers – just a smooth journey.”
China’s central bank to develop a digital currency
Central bank unveils plan on digital currency — China Daily — “The People’s Bank of China, the central bank, is organising market-oriented institutions to jointly research and develop a central bank digital currency and the programme has been approved by the State Council, the country’s Cabinet, Wang Xin, director of the PBOC Research Bureau, said at a seminar at Peking University.”
Facebook unveils its blockchain digital wallet plan
Coming in 2020: Calibra — Facebook — “Today we’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as a standalone app — and we expect to launch in 2020.”
Indian banks plan blockchain payments platform
National Payments Corporation of India mulls using blockchain to boost digital transactions — Business Today — “The NPCI has floated an Expression of Interest (EOI) in order to enable bidders to propose their capability for developing distributed ledger technology/blockchain in the payment domain.”
DKB leverages mobile banking app for online transaction security
Deutsche Kreditbank (DKB) is enabling cardholders to use biometrics and their banking app to verify their identity in real time when making online purchases with their credit card... More
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