Residents of Switzerland can now remotely verify their identity when opening an account with Swiss bank UBS by scanning the contactless chip embedded in their biometric passport with their NFC smartphone and confirming their identity with a selfie using face recognition technology... More
Customers of America First Credit Union (AFCU) in the US states of Utah and Arizona can now use either state’s mobile driving licence (mDL) to securely verify their identity when accessing their financial information and conducting banking transactions at any of the credit union’s 121 branch locations... 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
The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand are to develop an interoperable cross-border payments system that will enable residents of each country to use their mobile banking app to make QR code-based payments for goods and services when visiting any of the other territories... More
The Covid-19 pandemic has driven a “global surge” in digital payments with two-thirds of adults worldwide now making or receiving digital payments, rising from 35% in 2014 to 57% in 2021 in developing economies and from 88% in 2014 to 95% in 2021 in high-income economies, according to the World Bank’s Global Findex 2021 database... More
Dutch bank ING is to pilot a payments feature that uses ultra wideband (UWB) technology to enable consumers to make peer-to-peer (P2P) mobile payments to another user’s smartphone without needing to find, enter or exchange personal data such as their email address or phone number... More
NFCW is pleased to announce that registration is now open for Contactless World Congress, a new kind of event that will bring together innovators, policy makers and technical experts from across the globe to share the latest thinking on how to build a contactless world — online, year-round, with no travel required... More
Apple Pay is now available in 60 countries and regions worldwide, with support from nearly 9,000 partner banks, following the service’s expansion to nine new markets — including Colombia, Israel and Mexico — during 2021, Apple reports... More
Nine in 10 consumers in the Asia Pacific region have used mobile payment apps at least once during the past 12 months, while more than half have used digital payment methods at least once a week and a sixth have made a digital payment for the first time since the beginning of the Covid-19 pandemic (15%), according to research published by Kaspersky... More
Customers of Australia’s Westpac bank with an Android smartphone will soon be able to make payments using a digital card secured by a dynamic card verification code (CVC) that changes every 24 hours... More
Some 50,000 customers of Starling Bank have chosen to set their own contactless spending limit to a lower amount than the maximum of £100 (US$135) per contactless transaction that the UK government introduced in October... More
The global transaction volume of in-store and ecommerce digital wallet payments will exceed US$10tn by 2025, according to a forecast commissioned by Discover Global Network... More
German savings banks in the Sparkasse group have launched a buy now pay later service in their mobile payments app, enabling customers to request a loan to pay for goods at the point of sale via their Android smartphone and arrange to repay it in instalments... More
Customers of ABN Amro in the Netherlands can now make contactless cash withdrawals from ATMs via their mobile banking app without needing to use their debit card... More
Customers of Lloyds Bank, Halifax and Bank of Scotland will be able to set their own contactless spending limit when the UK increases its national transaction limit to £100 (US$137) on 15 October... More
Customers of UK neobank Monzo can now create virtual debit cards for specific kinds of expenditure that are linked directly to funds they have set aside for that purpose rather than to their main bank account... More
Customers of DBS Bank in Singapore can now lock or unlock their debit or credit cards, enable or disable certain types of transaction — including contactless and mobile payments — and set a monthly spending limit for their card accounts from their digital banking app in real time... More
Google Pay has officially launched its app for owners of both Android smartphones and Wear OS smartwatches in Austria. Austrian customers of neobanks and fintechs including Curve, Monese, N26, Revolut and Viva Wallet have been able to use Google Pay via their mobile banking app since November 2020. More
Abu Dhabi Islamic Bank (ADIB) is enabling customers to open a new account remotely and without needing to visit a branch in person by taking a selfie, scanning their passport and tapping their Emirates ID card with an NFC-enabled device... More
An Australian parliamentary committee has held a public hearing at which it heard evidence from representatives of leading Australian banks, payment services providers and other financial bodies on regulatory issues including whether companies such as Apple should be mandated to allow third-party payment apps access to a smartphone’s NFC chip... More
