What's New in Payments

One in five in-person Visa card transactions in the US are now contactless

Alfred Keylly Visa CEO

Nearly 20% of all in-person Visa card transactions in the US are now contactless, with that proportion rising to more than 25% in Los Angeles, Detroit, Orange County, Miami and Salt Lake City, over 30% in San Francisco, San Jose and Oakland, and reaching 45% in New York, according to the card network’s Q1 2022 earnings call... More



What's New in Payments

One in two in-person Mastercard transactions worldwide are now contactless

Michael Miebach Mastercard CEO

One in two in-person transactions authorised, cleared and settled through Mastercard’s payment processing services worldwide during Q4 2021 were contactless, up from “approximately” one in three in the period prior to the Covid-19 pandemic, according to figures revealed at the card network’s Q4 earnings call... More








New South Wales to roll out ‘whole-of-government’ digital identity wallet in 2022

New South Wales digital identity wallet on phone held by woman

The state government of New South Wales in Australia is to expand its digital ID system and enable citizens to store, display and renew a wider range of identity documents and other personal credentials including digital versions of their birth certificate, educational qualifications, seniors card and vocational licences in a digital wallet on their mobile device... More









What's New in Payments

Beijing offers public transport users discounts to encourage digital yuan fare payments

The Ruubypay app running on a phone

Passengers on bus, subway and suburban rail services in the Chinese capital Beijing can now receive a discount and pay as little as 0.01 yuan for their journey if they use the country’s central bank digital currency (CBDC) to pay their fares from a digital yuan mobile wallet issued by the Industrial and Commercial Bank of China... More


What's New in Payments

Major banks, retailers and fintechs to support rollout of national QR payments and rewards system in Australia

Mobile phone showing Eftpos eQR-branded QR code

Commonwealth Bank of Australia and National Australia Bank as well as supermarket chains Coles and Woolworths and fintechs Azupay, Beem It and Merchant Warrior have confirmed they will support the rollout of the national QR payments and rewards platform developed by Australia’s Eftpos payments system... More