Contactless payments key to driving public transport use Visa survey reveals

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More than nine in ten public transport users worldwide expect to be able to make contactless fare payments when travelling on public transport (94%) and more than four in ten identify the ability to make contactless fare payments as a key factor in encouraging their use of public transportation (41%), according to Visa’s 2023 Future of Urban Mobility survey... More





What's New in Payments

BIS reports on CBDCs in emerging markets

BIS graph showing motivations for CBDC projects in emerging market economies

Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More



What's New in Payments

Survey reveals ‘sharp difference’ between consumer attitudes to CBDCs in emerging and developed markets

Graph showing survey results on likelyhood of consumers adopting CBDCs in emerging and developed markets

More than nine in 10 consumers in Nigeria (91%) and six in 10 consumers in Indonesia (60%) would be likely to use a central bank digital currency (CBDC) compared with less than 24% in the US and 14% in Germany, according to a report by Giesecke+Devrient and the Official Monetary and Financial Institutions Forum (OMFIF)... More


What's New in Payments

More than half of Asia Pacific consumers make digital payments at least once a week

Survey graph showing percentage of Asia Pacific consumers making digital payments on named devices

Nine in 10 consumers in the Asia Pacific region have used mobile payment apps at least once during the past 12 months, while more than half have used digital payment methods at least once a week and a sixth have made a digital payment for the first time since the beginning of the Covid-19 pandemic (15%), according to research published by Kaspersky... More





What's New in Payments

Facebook to partner with banks for WhatsApp payments rollout?

WhatsApp in talks to launch mobile payments in Indonesia — sources — Reuters — “Unlike in India where it plans to offer direct peer-to-peer payment services, WhatsApp will simply serve as a platform in Indonesia supporting payments via local digital wallets due to tough licensing regulations… The Indonesia model could become a template for WhatsApp to adopt in other emerging markets to get around regulations on foreign players creating their own digital wallets, the sources said.”



What's New in Payments

Indonesia picks EMV QR codes for national mobile payments standard

Bank Indonesia launches national standard QR code — The Jakarta Post — “QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem. A customer using e-wallet service LinkAja, for example, could transfer funds to a shopkeeper using e-wallet OVO given at least one party has a QRIS code.”



What's New in Payments

Samsung Pay enters beta testing in Indonesia

Samsung Pay swipes into Indonesia — KrAsia — “Samsung Pay is partnering with Ant Financial-backed mobile wallet platform DANA to conduct closed beta testing on some devices… In the near future, Samsung Pay will collaborate with more digital payment platforms to expand its services in Southeast Asia’s most populous country… Samsung Pay is available in 24 markets. In Southeast Asia, the app has already landed in Singapore, Malaysia, and Thailand.”


What's New in Payments

Asian carriers begin rollout of cross-border mobile payments service

Singtel and AIS debut Via, Asia’s first cross-border mobile payment alliance — Singtel — “The Via alliance is the first initiative of its kind to connect both telco and non-telco mobile wallets across borders to create a region-wide payment network that will enable consumers to use their local mobile wallets when travelling. The Singtel Group will progressively expand this alliance to include other regional associates Airtel in India, Globe in the Philippines, Telkomsel in Indonesia, working within each country’s regulations, and non-telcos including China’s Ping An eWallet.”


What's New in Payments

One in three ‘connected consumers’ in India now use mobile payments

Kantar TNS study reveals the rise of mobile payments in India — Kantar TNS — “Mobile payments have seen a sharp rise with one in three (35%) connected consumers in India using it. The popularity of mobile payments in India is also revealed by the number of regular users, with 23% saying they use mobile payments at least once a week. The results of the study showed that India (35%) is ahead of other APAC countries like Indonesia (9%) and Philippines (7%) but has still a lot of catching up to do with the likes of China (94%) and Singapore (65%) where mobile payments have become a more regular habit.”