Visa has processed more than 1bn contactless fare payments on transit systems around the world over a period of 10 months, signalling “rapid growth” in the uptake of digital payment options, the card network reports... More
More than four in ten UK consumers now make in-person and ecommerce purchases from their mobile device on a weekly basis (43%), making mobile payments “the predominant form of payment” in the country with mobile commerce transaction values predicted to reach £100m (US$112m) by 2024, according to research published by payment services provider Rapyd... More
Digital ticketing transaction values worldwide will exceed pre-pandemic levels next year and reach US$1.7tn in 2027, up from US$768bn in 2022, according to a forecast from Juniper Research... More
A slide deck and video recording of EMVCo’s keynote presentation at Contactless World Congress on the future of contactless payments are now available to access free of charge in the NFCW Knowledge Centre... More
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place on Wednesday at 3pm BST/10am EDT, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
The NFC Forum has introduced a new Card Emulation Device class that makes it possible for manufacturers of wearables and low-end and mid-range smartphones to get their products certified as meeting NFC Forum requirements without needing to include support for NFC tag reading or writing... More
Danish public transport fare system provider Rejsekort & Rejseplan (RKRP) is trialling a hands-free automated app-based mobile ticketing system on bus and train services in Denmark’s North Jutland region as part of plans to develop a national digital mobility solution combining travel planning, booking, ticketing and payment across private and public modes of transport... More
Nearly nine in ten consumers worldwide have made digital payments using digital wallets, contactless, QR codes, buy now pay later, money transfer apps, cryptocurrencies, biometrics and other digital payment technologies (85%) and more than six in ten say they have increased their usage of at least one digital payment method (61%) in the last 12 months, according to a Mastercard survey... More
EMVCo’s director of engagement and operations and the chair of the EMVCo Board of Managers will be making a virtual keynote presentation on the future of contactless payments at Contactless World Congress on 7 September at 3pm BST/10am EDT... More
Google Wallet has gone live in Azerbaijan, Iceland, Moldova, Qatar, Serbia and South Africa, enabling users to store and use their credit and debit cards, tickets, passes and other digital credentials on their Android NFC devices... 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
Passengers travelling on public transport services operated by GO Transit, Brampton Transit, MiWay and Oakville Transit in the Greater Toronto and Hamilton Area of Ontario in Canada can now make contactless fare payments with a tap of their physical or digital credit card, without needing to buy a Presto transit card or e-ticket... More
Nearly one in three of all payments in the UK were made using contactless cards or with a smartphone or smart watch in 2021 (32%), a rise of 36% compared with transaction volumes in 2020, according to figures from UK Finance... More
Apple Pay has launched in Qatar with support for American Express cards and Mastercard and Visa cards issued by seven major banks... More
The proportion of contactless payments made for purchases from vending machines in the US increased from 18% of all transactions in January 2021 to 43% in October 2021, has now reached 48% and “could grow by another 12%” by the end of this year, a new study reveals... More
Merchants in New Zealand can now accept contactless payments on an ordinary Android NFC smartphone using a low-cost software point of sale (sPOS) solution that users will be able to implement without a monthly fee for using the app until January 2024 if transactions are settled to a Bank of New Zealand (BNZ) account... More
Norway, Finland and New Zealand are the three countries closest to becoming cashless societies, followed by Hong Kong, Sweden, Denmark, Switzerland, the UK, Singapore and the Netherlands, according to research published by Merchant Machine... More
The US Department of Agriculture (USDA) is to run a series of pilot schemes to test the use of mobile payments technology to enable citizens entitled to financial support under its Supplemental Nutrition Assistance Program (SNAP) to receive benefits and make NFC or QR code payments for eligible purchases on their mobile device... More
Samsung’s new Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Watch 5 and Galaxy Watch 5 Pro all offer NFC functionality, while some also include ultra wideband (UWB) capabilities and the phone maker’s own MST magnetic stripe emulation technology... More
Apple Pay has launched in Malaysia with support for Mastercard and Visa cards issued by AmBank, Maybank and Standard Chartered Bank... More