Staff at the Singapore University of Social Science (SUSS) are to trial a virtual commercial payment card that will enable them to make corporate purchases including software licences, subscriptions and travel passes without needing to use their personal credit or debit cards and then claim reimbursement... More
Payments
Irish banks plan Yippay mobile payments joint venture to compete with new entrants
Bank of Ireland, AIB, Permanent TSB and KBC Ireland are planning to launch a mobile payments service known as Yippay “to rival disruptors such as Revolut”, according to the Irish Independent... More
Consumers to get option to personalise their digital payment cards
Consumers may soon be able to personalise the payment cards stored in their digital wallets by uploading their own pictures or images of their favourite sports teams, charities and retail brands to them... More
More than 90% of consumers worldwide will consider using digital payments in the next year, Mastercard predicts
More than nine in 10 consumers (93%) will consider using digital payment methods including contactless, QR code and biometric payments as well as cryptocurrency transactions in the next year, according to a Mastercard survey... More
European banks invest €30m in EU rival to Visa and Mastercard
The banks and other institutions backing the development of a unified payment systems for merchants and consumers across Europe have so far invested €30m in the European Payments Initiative, EPI chair Joachim Schmalzl has revealed... More
Mastercard in talks with PBOC over support for cross-border digital yuan transactions
Mastercard is seeking a role in the development of China’s central bank digital currency (CBDC) by supporting the use of the digital yuan for cross-border transactions and its conversion to and from foreign currencies, according to South China Morning Post (SCMP)... More
Facebook relaunches WhatsApp peer to peer payments in Brazil
WhatsApp users in Brazil can now send money to friends, family and other contacts by attaching a payment to a chat “just as you would attach a photo or video” and validating the transfer with a PIN or their device’s biometrics functionality... More
Apple Pay goes live in Israel
Apple Pay has rolled out in Israel with support for Visa, Mastercard and American Express cards issued by nine major Israeli banks and credit card companies, according to local media outlets... More
Finnish cities roll out open loop contactless fare payments
Passengers using selected ferries and trams in the Finnish capital of Helsinki and buses in the city of Tampere can now make EMV contactless fare payments using an open loop ticketing platform being rolled out by Helsinki Regional Transport and Tampere’s Nysse regional transit authority... More
Porsche lets owners in Australia find, access and pay for parking from their vehicle
Porsche owners in Australia can now be guided to, gain entry to and make contactless payment for off-street parking in the city of Melbourne directly from their in-vehicle touchscreen using the luxury vehicle manufacturer’s smart parking app... More
Chinese banks unveil CBDC hardware prototypes for multiple use cases
The People’s Bank of China (PBOC) and the Industrial and Commercial Bank of China (ICBC) have unveiled prototype hardware devices that support the use of the digital yuan central bank digital currency (CBDC) across a range of different use cases... More
Mir payments system adds support for Apple Pay
Russia’s domestic payments system Mir is adding support for Apple Pay, enabling banks to let customers link a Mir payment card to Apple Wallet and use it to make mobile payments... More
Transport for Ireland adds NFC transit card top-ups for iPhone users
Passengers on public transportation services in Ireland can now use an NFC-enabled iPhone to top up their Leap transit card using Transport for Ireland’s (TfI) Leap Card top-up app... More
Retail CBDC projects ‘particularly strong’ in emerging economies, PwC index shows
Projects to develop a retail central bank digital currency (CBDC) for use by consumers and businesses are “more advanced” and “particularly strong” in emerging economies, according to analysis by global consultancy firm PwC... More
Russian retail giant adds biometric payments to let customers ‘pay with a glance’
Customers at superstores, supermarkets and convenience and cosmetics stores owned by Russian retail group Magnit can now authenticate contactless payments at self-checkout devices using pay-with-a-glance technology... More
Amazon expands pay by palm technology to Whole Foods Market store
Customers at a Whole Foods Market store in Seattle in the USA can now gain access to the supermarket and pay for their purchases using Amazon’s contactless palm scanning device... More
Apple lets US families build credit by sharing Apple Card accounts
Apple Card users in the US will soon be able to add other family members to their card account and allow them to build their credit ratings together, as well as jointly track purchases and manage spending... More
German savings banks roll out contactless card acceptance on standard NFC phones
Merchants in Germany can now accept PIN-free contactless payments on their Android NFC smartphone without needing extra acceptance technology using a software point of sale (sPOS) solution launched by the Sparkasse group of savings banks... More
Octopus to let Hong Kong cardholders pay for transit fares in mainland China
Octopus users in Hong Kong will soon be able to pay for public transport fares in more than 300 cities in mainland China with a new physical transit card to be launched “by the end of this year or early next year”, according to a South China Morning Post (SCMP) report... More
Stats show regional variations in UK adoption of contactless and mobile payments during pandemic
The number of payments made using Apple Pay and Google Pay increased by nearly 650% and the number of PIN-free contactless card transactions grew by more than 10% in certain regions of the UK, according to figures published by merchant payments provider Dojo... More