WhatsApp users in Brazil can now send money to friends, family and other contacts by attaching a payment to a chat “just as you would attach a photo or video” and validating the transfer with a PIN or their device’s biometrics functionality... More
Fintech
Norges Bank to test technical solutions for Norwegian CBDC
Norway’s central bank Norges Bank is to test “various technical solutions for a central bank digital currency (CBDC) over the next two years”, the bank’s CBDC working group has announced in its third project report... More
Opera chooses Antelop to enable NFC digital card payments for Dify users
PARTNER NEWS: Opera has selected Antelop Solutions as a long-term digital payments partner, enabling users of its new Dify in-browser cashback and digital wallet app to activate a Dify digital debit card in Google Pay and use it to make NFC payments in stores... More
Turkey mandates use of NFC identity checks for remote bank account opening
Consumers in Turkey wanting to open a bank account remotely will be able to do so via a video-based digital onboarding system that requires them to verify their identity using an NFC-enabled ID document, according to a new regulation issued by the country’s Banking Regulation and Supervision Agency (BRSA)... More
EU approves plans for instant cross-border payments
The European Council has endorsed plans to introduce a fully integrated retail payment system that will enable instant cross-border payments and financial transfers throughout the European Union... More
Alpha Bank upgrades NFC mobile wallet with latest tokenization innovations
PARTNER NEWS: Greece’s Alpha Bank has launched a new version of its myAlpha NFC payments wallet that makes use of Antelop Solutions’ NFC white label SDK to add support for the latest Visa VTS and Mastercard MDES tokenization innovations... More
Fidesmo Pay expands to Switzerland
EXHIBITOR NEWS: Fidesmo is launching its Fidesmo Pay wearable payments service in Switzerland, enabling customers of Swiss bank Cembra to upload their bank cards to NFC-enabled wearables and use them to make contactless payments... More
Tencent and Ant to integrate digital yuan wallets into mobile banking apps
Tencent-backed WeBank and Ant-backed MyBank are conducting “preliminary work under the guidance of the People’s Bank of China (PBOC)” in order to integrate the digital yuan wallet into their payment and banking services, according to a China Securities report... More
Mastercard and Island Pay launch CBDC-linked prepaid card in the Bahamas
Citizens of the Bahamas can now pay for goods and services using a prepaid card that supports the country’s Sand Dollar central bank digital currency (CBDC)... More
Chinese banks launch mobile wallets that let customers transact in digital yuan
At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports... More
Fidesmo opens NFCW Expo showcase
NFCW EXPO: Fidesmo, a contactless platform provider that makes it possible for issuers to connect payment, transit ticketing and access control cards to a wide range of both passive and active devices, has opened a booth in the NFCW Expo... More
PBOC to launch third digital yuan trial in Shenzhen
The People’s Bank of China (PBOC) is to follow its pilots of NFC-based contactless digital currency payments with the distribution of a further 20m digital yuan (US$3.1m) in a third ‘red envelope’ lottery to be held in the city of Shenzhen... More
Antelop explains how token management solutions can help banks cut costs and improve their customers’ user experience
KNOWLEDGE CENTRE: Token management solutions that enable consumers to self-manage their digital cards from within their mobile banking app will provide issuers with the ability both to reduce customer service costs and improve customer experience, Antelop Solutions CEO Nicolas Bruley explains in a 22-minute webinar now available to view in the NFCW Knowledge Centre... More
Korea to let banks add food ordering services to mobile apps
Banks in South Korea will be able to add a wide range of non-financial services to their mobile apps, including food ordering and delivery, following changes to the country’s financial regulatory system due to be introduced by the Financial Services Commission (FSC) in July 2021... More
Dejamobile white paper explains how software-only POS solutions will drive wider adoption of in-store contactless payments
KNOWLEDGE CENTRE: A new generation of software-only solutions that let merchants accept contactless payments on standard NFC smartphones and tablets will “transform digital payment acceptance and consumers’ checkout experiences in stores,” Dejamobile explains in a new white paper now available to download from the NFCW Knowledge Centre... More
Ford lets commercial vehicle drivers process payments from their connected vehicle app
Food and beverage suppliers, mobile florists, couriers and other small business owners in Germany, France, Italy, Spain and the UK can now use their FordPass Pro connected vehicle app to accept card payments from their customers... More
Facebook digital currency researchers publish ultra high-speed payments paper
A digital transaction settlement system being developed by researchers working on Facebook’s Novi cryptocurrency digital wallet app could support up to 160,000 transactions per second, “about 7x the peak transaction rate of the Visa payments network”, according to a paper published by the research team... More
Six in ten Europeans abandon digital bank applications during onboarding
Nearly two-thirds of consumers in Europe (63%) have abandoned a digital bank application in the past year, compared with 40% in 2019, according to new research... More
Razer pilots prepaid card that lights up when used for contactless payments
Users of Razer Pay, a digital wallet operated by gaming lifestyle brand Razer in Singapore, are taking part in the beta test of a premium prepaid card that lights up whenever a contactless payment is made... More
Samsung lets German customers link any bank account to Samsung Pay
Samsung device owners in Germany can now link a personal account at “almost any” German bank to Samsung Pay and then use a virtual Visa debit card to make mobile payments in-store... More