A consortium of government agencies, financial institutions, payments networks and technology providers from Denmark, Germany, Iceland, Italy, Latvia and Norway is proposing to launch a large-scale payments pilot to explore how the European Digital Identity Wallet being developed by the European Commission would support cross-border transactions... More
The Linux Foundation, a non-profit technology consortium that hosts and promotes the development of open source projects including the Linux kernel and Kubernetes, has launched a collaborative effort to develop open source software to support interoperability for a wide range of digital wallet use cases including digital identity and payments. ... More
Finland is to develop and pilot an interoperable digital identity network that will enable users to securely authenticate their identity and share personal data such as professional qualifications across a wide range of use cases using ID documents and credentials stored in a digital wallet... More
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
Nearly nine in ten consumers worldwide have made digital payments using digital wallets, contactless, QR codes, buy now pay later, money transfer apps, cryptocurrencies, biometrics and other digital payment technologies (85%) and more than six in ten say they have increased their usage of at least one digital payment method (61%) in the last 12 months, according to a Mastercard survey... More
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
Motorists in Malaysia can now purchase and place an RFID tag in their vehicle that allows them to make hands-free contactless payments for fuel directly from a digital wallet using RFID-enabled fuelling bays at nearly 90 Shell fuel stations across the country without needing to use their mobile phone or payment card... More
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
The total value of digital wallet transactions globally will exceed US$12tn in 2026, up from US$7.5tn in 2022, and the total number of digital wallet users worldwide will increase from 3.4 billion in 2022 to more than 5.2 billion in 2026, according to a forecast by Juniper Research... More
Greek citizens can now create, store and present digital versions of their national identity card and driving licence using a digital identity wallet on their smartphone... More
Football fans in Mexico can now make contactless payments from a stored-value digital wallet to buy Corona beer at selected matches at Mexico City’s Azteca Stadium using an NFC chip attached to the inside of a soccer jersey... More
Just over a third of UK consumers now have a digital wallet (34%), but that proportion rises to more than two thirds among 18-34 year olds (64%) compared with just 18% among 54-65 year olds, a survey has found... More
Google has begun rolling out a multipurpose digital wallet that enables users to store, use and present digital credentials such as identity cards and health passes as well as payment cards, transit and event tickets and hotel keys in 39 countries across Europe, the Americas and Asia... More
The Federal Government of Belgium is to enable residents to store a digital version of their national identity card along with other official credentials in a digital ID wallet on their smartphone... More
Residents of Switzerland will be able to download and store a digital version of their national ID card in a digital identity wallet on their smartphone along with other digital credentials such as club membership cards and event tickets... More
Meta is planning to develop a digital wallet that will enable consumers to purchase digital items such as digital clothing and music, confirm proof of ownership and manage their identity when accessing future metaverse services, CEO Mark Zuckerberg has revealed in a Facebook post... More
Nearly one in five Chinese consumers have downloaded the country’s official digital yuan wallet app (19%), with the majority of them mainly using the central bank digital currency (CBDC) for ecommerce purchases (72%) and payments for public services such as transportation (67%), a survey by US research firm Morning Consult has found... More
Samsung Galaxy users in the USA, France, Germany, Italy, Spain and the UK can now store their digital payment, loyalty and membership cards as well as digital keys, boarding passes and Covid-19 vaccination certificates on their smartphone using the Samsung Wallet app... More
Two in three Europeans (66%) would use the European Digital Identity Wallet (EDIW) that the European Union plans to start piloting in 2023, a survey has found... More
Do you have expertise in contactless cards, NFC, UWB, biometrics, BLE, RFID, tokenization, digital wallets or wearables that you’d like to share with NFCW’s 12,500 members around the world... More
