UAE to launch national domestic card scheme
The United Arab Emirates (UAE) is to launch the country’s first national domestic card scheme (DCS) in order to promote the use of digital payments and enhance financial inclusion... More
The United Arab Emirates (UAE) is to launch the country’s first national domestic card scheme (DCS) in order to promote the use of digital payments and enhance financial inclusion... More
Users of selected Samsung Galaxy foldable smartphones including the Galaxy Z Flip 5 can now customise their phone screen with an NFC-enabled insert that enables them to coordinate the on-screen design with accessories in Samsung’s Eco-Friends range... More
The average transaction time for customers opting to pay for their purchases at Carrefour stores in Dubai with a biometric payment system using face recognition technology is 75% less than for other point-of-sale (POS) payment systems, the retailer says... More
Android users with a Samsung Galaxy 23+ or Google Pixel 7 Pro smartphone can now lock, unlock and start compatible BMW vehicles using the car manufacturer’s ultra wideband (UWB) Digital Car Key Plus without needing to take their mobile device out of their pocket or bag... More
Nine in ten businesses across the finance, technology, telecoms and aviation sectors worldwide (91%) plan to increase their spending on identity verification (IDV) technology in the next one to three years, with one in three intending to increase their IDV budget by 20% over that period, an international business survey has found... More
Customers of Abu Dhabi Islamic Bank (ADIB) can now make tokenized contactless payments using a range of wearables, including a contactless payments ring and a clasp with an embedded contactless payments chip that they can attach to a watch, bracelet or other wearable accessory... More
Customers of First Abu Dhabi Bank (FAB) in the United Arab Emirates can now apply for a biometric credit card — the first to be launched in the country — that enables users to verify both contact and contactless payments with their fingerprint and earn reward points that they can redeem at more than 3,500 locations across the UAE... More
The digital yuan has been used to make 360m transactions worth a total of more than 100bn yuan (US$14bn) since China began piloting the central bank digital currency (CBDC) in December 2019, up from total cumulative transaction values worth 87.6bn yuan (US$12bn) at the end of 2021, according to the People’s Bank of China (PBOC)... More
Samsung Wallet is to roll out in Bahrain, Denmark, Finland, Kazakhstan, Kuwait, Norway, Oman, Qatar, South Africa, Sweden, Switzerland and the United Arab Emirates, enabling users to store their digital payment, loyalty, membership and identity cards, digital keys, boarding passes and other credentials on their compatible Samsung Galaxy smartphone... More
Google has begun rolling out a multipurpose digital wallet that enables users to store, use and present digital credentials such as identity cards and health passes as well as payment cards, transit and event tickets and hotel keys in 39 countries across Europe, the Americas and Asia... More
More than nine in ten public transport users worldwide expect transit services to offer contactless fare payment options (91%) and just under half prefer to make contactless payments for their transit fares (45%), according to Visa’s 2022 Future of Urban mobility survey... More
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
Consumers in Dubai in the United Arab Emirates will soon be able to make contactless payments with their face at branches of Costa Coffee, drinks retailer MMI, grocery chain Géant, the Cove Beach at Caesars Palace beach club and the Coca-Cola Arena Dubai... More
One in four consumers globally expect to switch to making cashless payments only within the next two years (25%), while one in two say it will happen in the next 10 years (53%) and 16% say they already solely make digital payments, a survey of consumers and merchants in nine markets worldwide has found... More
Emirates Post Group is issuing a set of four “crypto stamps” in both physical and blockchain-enabled digital form that purchasers can authenticate by scanning an NFC chip embedded in the physical version with their smartphone... More
Residents of the United Arab Emirates will soon be able to use their face to authenticate their identity when accessing a range of on- and offline services across the public and private sectors... More
Customers of Emirates NBD bank in the United Arab Emirates completed 34m contactless transactions during eight weeks of the bank’s ‘Get Together. Go Contactless’ promotion. “The ‘Get Together. Go Contactless’ campaign has accelerated the adoption of contactless payments substantially,” the bank says. More
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
Consumers in Dubai can now use an app to gain access to Majid al Futtaim’s Carrefour City+ store in the Mall of the Emirates, select the products they want to purchase without needing to scan them and pay for them on their mobile phone without interacting with staff or using a checkout... More
Owners of a smartwatch running Google’s Wear OS operating system will soon be able to use it to make contactless payments using Google Pay in 16 additional countries... More