NFC mobile payments accounted for 25% of overall POS transaction volumes in Saudi Arabia in September, Saudi Payments reports... More
Saudi Arabia reports ‘phenomenal’ increase in NFC mobile payments
ecommerce
Juniper: Payments from smart home devices will top US$164bn by 2025
The total global transaction value of purchases made using smart home devices is expected to rise from US$22bn this year to more than US$164bn in 2025, according to Juniper Research... More
EMVCo, Fido and W3C explain how their technologies can be combined to streamline ecommerce payments
Payment standards body EMVCo, the Fido Alliance and the World Wide Web Consortium (W3C) have published a document that explains how their technical specifications can be used to enable more secure and convenient card-based ecommerce transactions... More
Antelop lets banks provide their customers with a way to manage tokenized cards from within their mobile banking app
PARTNER NEWS: Antelop Solutions has launched a tokenized card management solution that makes it possible for banks to provide their customers with the ability to view, control, push, update and manage the card details that they have shared with all the different mobile wallet providers and ecommerce merchants they deal with — from within their mobile banking app... More
EMVCo explains how merchants and card issuers can use Fido authentication to streamline online payments
Payment standards body EMVCo has published a white paper explaining how merchants and card issuers can streamline ecommerce payments and reduce the risk of fraud by using Fido authentication data in EMV 3-D Secure (3DS) messages... More
S&P reports on the mobile payments market in China
While Alipay and WeChat Pay have by far the largest number of mobile payments users in China overall, younger and more affluent consumers are more likely to use less well known services such as Du Xiaoman Pay and QQ Wallet, an in-depth market analysis by S&P Global has found... More
ECB launches feasibility study into instant cross-currency merchant payments in Europe
Swedish consumers could be able to make and receive low-cost instant cross-currency transactions to and from any euro area country via the Target Instant Payment Settlement (TIPS) platform once the Swedish kronor joins the platform in May 2022... More
Juniper forecasts “dramatic growth” in in-vehicle payments for fuel, parking and ecommerce
The transaction value of in-vehicle payments made using embedded onboard systems will rise from US$543m in 2020 to $86bn in 2025, driven by fuel, parking, food, drink and other ecommerce purchases, Juniper Research predicts... More
UAE to launch national digital cash replacement platform that works for both banked and unbanked consumers
Both banked and unbanked residents of the UAE will soon be able to make instant cashless digital payments using a digital cash platform which they can either link directly to their bank accounts or add value to with cash at registered locations... More
EMVCo explains how EMV 3DS helps meet PSD2 requirements for strong customer authentication
Payments standards body EMVCo has produced a webcast explaining how the EMV 3-D Secure (3DS) authentication protocol can help online retailers and payment service providers meet upcoming PSD2 strong customer authentication (SCA) requirements for online transactions... More
Card networks begin global Click to Pay rollout
American Express, Discover, Mastercard and Visa have announced that “they are each beginning technical preparations for global expansion” of Click to Pay, the single buy button solution for online merchants based on the EMVCo Secure Remote Commerce (SRC) standard... More
NatWest lets online merchants accept instant payments from shoppers’ bank accounts
The UK’s NatWest bank has launched Payit, an online payments service that uses open banking to make it possible for merchants to accept payments directly from consumers’ bank accounts... More
EMVCo rebrands Secure Remote Commerce as Click to Pay
Consumer-facing solutions and programmes based on EMVCo’s Secure Remote Commerce (SRC) specifications are now to be known as Click to Pay, the standards body has announced... More
Google Pay to evolve into ‘one-stop portal’ for commerce?
Google is working on “a major overhaul” of Google Pay that will see the service expanding into “a one-stop portal for commerce”, The Information reports... More
Interac reports surge in digital payments adoption
Since mid-March, first-time users of Interac’s e-Transfer service have increased by 43% and the average number of transactions has increased by 9% compared to the same time last year, the Canadian domestic debit card network provider has revealed... More
Swedish government regulates online payment options
A new amendment to the Swedish Payment Services Act means that online merchants must now present non-credit options ahead of any options that involve the consumer taking out credit... More
Three in ten US consumers to use contactless and mobile payments post-pandemic
A new survey has found that 45% of US consumers are now using “a mobile wallet of some type”, 16% are using paper-based currency less than before the pandemic and 31% say will use contactless or mobile wallet payments instead of cash and cheques in the aftermath of Covid-19... More
Blackhawk Network lets UK consumers make digital gift card payments in stores
PARTNER NEWS: Blackhawk Network subsidiary One4all is using Dejamobile’s ReadyToTap Gifts & Rewards solution to make it possible for UK consumers and businesses to send a digital gift card directly to a recipient’s mobile phone — and for the recipient to then use it to make payments online and at contactless terminals in stores... More
Facebook adds grocery ordering to WhatsApp in India
Facebook-backed Reliance Jio pilots basic grocery ordering service on WhatsApp in India — The Next Web — “Less than a week ago, Facebook announced it was investing $5.7bn into India’s largest mobile carrier, Reliance Jio. We now have an idea of how the two giants plan to collaborate: The latter’s ecommerce arm, JioMart, is now testing a system for WhatsApp users to order goods via the messaging service.”
UK extends strong customer authentication deadline
Strong customer authentication and coronavirus — Financial Conduct Authority — “In the exceptional circumstances of the Covid crisis, we are giving the industry an additional six months to implement strong customer authentication (SCA) for e-commerce. This will minimise potential disruption to consumers and merchants. The new timeline of 14 September 2021 replaces the 14 March 2021 date.”