EMV will become irrelevant in three to five years’ time and NFC will take over, Khosla Ventures founder Vinod Khosla has told attendees during a keynote at Money20/20. More
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
One million Koreans sign up for Samsung Pay
The number of Koreans using Samsung Pay has doubled in the last month to one million and 100,000 payments are now being made using the service every day, Business Korea reports... More
Four in ten Apple Pay users make a mobile payment once a week
More than seventy million US consumers (71.5m) have now made a mobile payment in a store or online, up from 61m in 2014, research by Mercator Advisory Group has found. Overall, 42% of all smartphone owners have made a mobile payment and half of those do so at least once a week. More
Poynt raises $28m for smart POS terminal
Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device... More
Ugo reports 100,000 NFC wallet users
Canadian open NFC mobile wallet provider Ugo Wallet has signed up more than 100,000 users since its launch in November 2014, up from 50,000 in August 2015... More
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Seamless adds HCE to Seqr mobile wallet
Customers using Seamless’ Seqr mobile payment solution will soon be able to make host card emulation (HCE) based NFC payments at any contactless terminal through the service’s integration with white label wallet provider MeaWallet. More
Meet NFC World’s partners at Money20/20
NFC World partners Bell ID, SimplyTapp, Carta Worldwide, Mahindra Comviva, Kona and Gemalto will be exhibiting at the Money2020 expo in Las Vegas from October 25-28. Here’s what you can expect to see and where you can find them during the show. More
Payworks to enable chip and PIN for Stripe in UK
POS payment platform provider Payworks is to enable Stripe users to accept payments via chip and PIN card readers in the UK... More
MobiPay launches in the Ukraine
Customers in the Ukraine can now use their mobile phones to make in-store and online purchases and P2P transfers using the MobiPay mobile wallet... More
NFC gnomes store messages for lovers
Startup Gnoments has developed gnome soft toys that come equipped with NFC chips to allow consumers to add links to sound recordings, videos and photos that can be accessed with a tap of a loved one’s NFC device. More
SumUp expands to US
European mPos provider SumUp has launched in the US and has started taking pre-orders for a new EMV contactless card terminal for US$99... More
Verizon goes live with Samsung Pay
Samsung Pay is now available to Verizon Wireless customers with a Galaxy S6, S6 Edge, S6 Edge+ or Note 5... More
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Mobile to account for 20% of US POS payments by 2020
US consumers will use their smartphones to make mobile payments at the point of sale five times a week by 2018 and, by 2020, 20% of POS transaction volume will be conducted via mobile devices, research from Carlisle & Gallagher Consulting Group reveals... More
Apple Pay now offered by more than 600 US banks
Apple has added more than 70 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, taking the total number to more than 600... More
US banks pilot mobile wallet authentication and issuance at the ATM
PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning process. More
Microsoft to launch mobile payments?
Microsoft is looking to relaunch Windows Wallet, a mobile payments app that stores credit cards and coupons for in-store and online payments through Windows devices, Microsoft’s Joe Belfiore has told The Verge... More
AMS unveils NFC chip and antenna for adding payments and ticketing to wearable devices
PARTNER NEWS: Chip maker AMS has introduced an NFC payments and ticketing solution for manufacturers of smartwatches, wristbands and other small devices that only have room for an extremely small antenna. More
Apple Pay accounts for 68% of all in-store mobile payments in US
Apple Pay is used for more than two thirds (68%) of all in-store mobile payments in the US, research from Accenture reveals, and the number of North Americans aware of mobile payments has increased by nearly 10 percentage points since last year, reaching 52%. More
Hublot lets customers check watch authenticity with NFC
Swiss luxury watchmaker Hublot is letting customers check the authenticity of their timepieces, download manuals and register for the brand’s Hublotista Club by tapping a contactless card against their phone. The service is being offered with all Hublot watches as the official method of certifying authenticity. More
Dubai commuters to replace travel cards with watches
Commuters in Dubai may soon be able to pay for travel using contactless watches from Watch2Pay... More