What's New in Payments

Visa Europe reports “significant growth” in higher value contactless transactions

A Visa contactless card

The increase in the UK contactless card payment limit from £20 to £30 has had “a transformative effect” on consumer spending habits, according to Visa Europe, with contactless transactions over £20 seeing an average monthly growth rate of 19.1% between October 2015 and March 2016 — more than twice the average monthly growth rate of 8% for contactless transactions under £20... More








Transit Ticketing Today

Singapore commuters get NFC payments

LTA

Customers of mobile network operators M1, Singtel and StarHub can now pay for journeys on public transport services in Singapore with a tap of their NFC device as a result of a partnership between the Land Transport Authority (LTA), Infocomm Development Authority of Singapore (IDA) and transport card issuer EZ-Link. More





Santander to offer voice-activated mobile banking

Santander

Santander customers in the UK with an Apple iOS device will soon be able to use their voice to interact with their SmartBank mobile banking app in order to make payments, retrieve information such as how much they have spent and perform queries on specific transactions... More






What's New in Payments

ICICI Bank launches HCE mobile payments in India

ICICI Bank

Customers of India’s ICICI Bank will soon be able to make host card emulation (HCE) based mobile payments at any contactless-enabled terminal using the bank’s Pockets app. The service, which makes use of tokenization, is currently available to the bank’s employees and is expected to go live for customers at the end of March 2016. More