What's New in Payments

One in two in-person Mastercard transactions worldwide are now contactless

Michael Miebach Mastercard CEO

One in two in-person transactions authorised, cleared and settled through Mastercard’s payment processing services worldwide during Q4 2021 were contactless, up from “approximately” one in three in the period prior to the Covid-19 pandemic, according to figures revealed at the card network’s Q4 earnings call... More












Transit Ticketing Today

MTA sees open loop fare payments double as Omny system tops 100m taps

MTA open loop contactless readers

Passengers on New York’s subway and bus services have now tapped their contactless bank card, smartphone or wearable device to pay fares using the Omny open loop fare payment system more than 100m times since its launch in May 2019, double the total of 50m the Metropolitan Transportation Authority (MTA) reported in March this year... More