Merchants across India will soon be able to accept contactless digital payments on their Android NFC smartphone without needing any additional hardware. State Bank of India (SBI) is making the software-only solution available through a new SBI Merchant app. More
Payments
Russian carriers seek digital ruble mobile wallet role
Russian mobile network operators Beeline and MegaFon are looking to develop digital wallets for smartphones and other mobile devices that will support the central bank digital currency (CBDC) which is being developed by The Central Bank of Russia (CBR)... More
American Express adds support for digital receipts
American Express cardholders can now receive detailed digital receipts for their card transactions to identify and check their purchases from larger retailers via the company’s app or website... More
UBS forecasts widespread adoption of biometric payment cards
Biometric payment cards containing a built-in fingerprint sensor could generate more than US$5bn in global banking revenue and account for 15% of the market by 2026, according to a forecast by analysts at Swiss bank UBS... More
Mastercard and Island Pay launch CBDC-linked prepaid card in the Bahamas
Citizens of the Bahamas can now pay for goods and services using a prepaid card that supports the country’s Sand Dollar central bank digital currency (CBDC)... More
Google lets users pay for parking and transit tickets through Google Maps
Google Pay users can now pay for parking in more than 400 cities across the USA and for public transport fares with participating transit authorities globally from directly within Google Maps... More
Postal Savings Bank of China trials biometric cards for digital currency payments
Chinese consumers taking part in the large-scale testing of the country’s central bank digital currency (CBDC) in Beijing over the Chinese New Year period are trialling a biometric ‘hard wallet’ card developed by the Postal Savings Bank of China... More
Delhi Metro to roll out mobile and contactless ticketing across entire network
Delhi Metro Rail Corporation (DMRC) is to implement an upgraded contactless ticketing system across its entire network, enabling passengers to pay for their journeys via QR, an EMV bank card or a RuPay-enabled National Common Mobility Card (NCMC)... More
Japanese convenience store trials face and palm biometrics for checkout-free shopping
The Green Leaves+ shop-and-go store in the Yokohama Techno Tower Hotel in Japan is piloting a biometrics-enabled checkout-free service that allows customers to enter the store by verifying their identity with just their face and a swipe of their palm... More
Amazon to build digital currency payments solution?
Amazon is recruiting a tech team that will be tasked with building “innovative payment products for customers in emerging markets” that will enable “customers to convert their cash into digital currency” to purchase “goods and/or services like Prime Video”, a job advertisement posted by the company reveals... More
Antelop launches one-stop token service provider hub for digital card issuers
PARTNER NEWS: Antelop Solutions has introduced a unified issuer token service provider hub that enables banks to simply and securely manage every stage of the digital card issuing and management process, from card enrolment to token lifecycle management... More
China’s central bank expands digital yuan pilot to Beijing
The People’s Bank of China has launched the first large-scale giveaway of the country’s central bank digital currency (CBDC) to be held in Beijing and has distributed 10m digital yuan (US$1.55m) to 50,000 participants in a ‘red envelope’ lottery... More
Central Bank of Iran to introduce NFC mobile payments
The Central Bank of Iran (CBI) has announced plans to introduce NFC contactless payments in the country, enabling consumers to upload their bank card information to their mobile phone and use their device to make in-store purchases at the point of sale... More
Chinese consumers now make three mobile payments every day
Chinese consumers made an average of three mobile payments a day during 2020, while 98% of the Chinese population consider mobile payments to be their most frequently used transaction method, an increase of five percentage points on last year, a new survey reveals... More
Barclays adds digital receipts to mobile app
Barclays bank account holders in the UK can now automatically receive an itemised digital receipt in their banking app every time they use their debit card to make an in-store or online purchase from a retailer or food outlet that has signed up to support the service... More
Covid-19 pandemic cuts demand for plastic cards
The total value of the global plastic cards market has fallen by US$3bn over the course of the Covid-19 pandemic, with the number manufactured worldwide falling by 19.7% from 37.1bn in 2019 to 29.8bn in 2020, according to the International Card Manufacturers Association (ICMA)... More
Kroger to pilot self-checkout only grocery store in Dallas
US supermarket chain Kroger is to pilot its first all self-checkout grocery store in Dallas, Texas, enabling customers to scan and pay for their purchases without needing to go through a cashier-staffed checkout lane... More
Amazon lets customers pay with their palm at three more US stores
Amazon is enabling customers at three more of its Amazon Go outlets in Seattle, USA, to use a contactless palm scanning device to gain access to the store and pay for their purchases with their palm print... More
Survey: Eight in ten central banks are now actively engaged in digital currency projects
More than four-fifths of the world’s central banks (86%) are engaged in “some form of work” on a central bank digital currency (CBDC), up from “about one third” in 2019, according to a Bank for International Settlements (BIS) survey... More
LA Metro lets Android users add their transit card to their NFC phone
Passengers on public transportation services in the US city of Los Angeles can now add their TAP transit card to their Android smartphone and make contactless fare payments on the LA Metro and 25 other TAP-enabled transit agencies across LA County... More