World Bank reports ‘global surge’ in digital payments during pandemic

World Bank graph showing global surge in digital payments during Covid-19 pandemic

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


ING to pilot UWB for contactless P2P payments

Two UWB smartphones making contactless P2P payments without needing to enter personal data using NXP and ING tech

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


Contactless World Congress

NFCW to host Contactless World Congress

Contactless World Congress logo

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



What's New in Payments

More than half of Asia Pacific consumers make digital payments at least once a week

Survey graph showing percentage of Asia Pacific consumers making digital payments on named devices

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










What's New in Payments

Google Pay goes live in Austria

Google Pay logo

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



What's New in Payments

Australian public hearing considers case for regulatory controls to ensure payment apps get access to smartphone NFC technology

Government of Australia logo

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