What's New in Payments

Beijing offers public transport users discounts to encourage digital yuan fare payments

The Ruubypay app running on a phone

Passengers on bus, subway and suburban rail services in the Chinese capital Beijing can now receive a discount and pay as little as 0.01 yuan for their journey if they use the country’s central bank digital currency (CBDC) to pay their fares from a digital yuan mobile wallet issued by the Industrial and Commercial Bank of China... More



What's New in Payments

Emirates NBD records 34m contactless transactions during eight-week rewards programme

Emirates NBD logo

Customers of Emirates NBD bank in the United Arab Emirates completed 34m contactless transactions during eight weeks of the bank’s ‘Get Together. Go Contactless’ promotion. “The ‘Get Together. Go Contactless’ campaign has accelerated the adoption of contactless payments substantially,” the bank says. More






What's New in Payments

Two in five US consumers still cite cash as their preferred payment method

WSFS survey graphic of trends in cash usage by US consumers in 2021

Two-fifths of US consumers (40%) still prefer to use cash and just under 40% of US businesses (39%) maintain a cash-only policy for purchases of less than US$20 “despite the availability of technology-driven forms of payment such as credit cards, debit cards and mobile wallets,” a survey by a division of WSFS Bank has found... More



What's New in Payments

Apple Pay used for more than 90% of US mobile wallet debit transactions in 2020

The number of debit transactions completed using a mobile wallet in the US rose by 51% year-on-year to approximately 2bn in 2020, with “a noteworthy” 92% of those transactions being made with Apple Pay and just 5% with Google Pay and 3% with Samsung Pay, according to research published in the 2021 Debit Issuer Study... 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