What's New in Payments

Two in three consumers worldwide say Covid-19 has permanently changed the way they pay

Visa graph showing that two in three consumers expect retailers to accept contactless payments

Just over two-thirds of consumers globally (67%) now expect bricks-and-mortar retail stores to accept contactless payments and just under half (44%) wouldn’t shop at a store that only offers payment methods that require contact with a cashier or shared device, a survey of merchants and consumers in nine countries around the world has found... More



What's New in Payments

More than three quarters of cashless transactions in Germany, Austria and Switzerland are now contactless

Cashless transaction being made in a bakery in Germany

More than three in four cashless payments made in Germany (77%), Austria (80%) and Switzerland (82%) are now contactless — a rise of more than 35 percentage points from an average of 40% across the three countries in June 2019, according to figures published by Nordic payments processor Nets... 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