Contactless users in India can make payments of up to Rs2,000 (US$31) without using a PIN, following the Reserve Bank of India’s relaxation of its requirement for two-factor authentication... 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!
US mobile payments to hit $487bn
US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”... More
Global biometrics market to hit $14.9bn by 2024
The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts... More
UK contactless payments up 150%
The number of contactless transactions in the UK has risen 150% in the last six months, with the average transaction now valued at £7.24, payments processor Worldpay has revealed... More
Walmart to accept Alipay mobile payments in China
Walmart is to begin accepting Alipay mobile payments at 25 stores in Shenzhen, China, and the service is to go live in all of the chain’s 410 stores across 160 Chinese cities by the end of this year. More
Keep up to date: Get NFCW's headlines by email every Wednesday
Samsung ‘paid $250m for LoopPay’
Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode... More
Japanese carrier to secure mobile payments with iris scanning phone
Japan’s largest mobile network operator NTT Docomo has unveiled an NFC smartphone that comes equipped with an iris authentication system from Fujitsu that will let owners unlock the device and authenticate mobile payments just by looking at it. More
Canadian carriers MTS and SaskTel launch NFC payments with TD Bank
MTS and SaskTel have become the latest Canadian mobile network operators to launch NFC mobile payment services using EnStream, the joint venture between Bell Mobility, Telus and Rogers Communications put in place to act as a single connection point between the country’s card issuers and carriers. More
American Airlines Center gets NFC tablets for payments on the go
Employees at multi-purpose arena American Airlines Center in Dallas are to be given NFC tablets that will allow them to accept mobile and contactless credit card payments from visitors anywhere in the stadium. More
Orange Cash adds in-store mobile payments in Spain
Orange Spain is to launch a new version of its Orange Cash service allowing users to pay with their smartphone at Visa contactless point-of-sale terminals and make online payments using one-time generated virtual cards. More
Airtel and Verifone to deliver NFC payments in Ghana
Mobile network operator Airtel Ghana has partnered with Verifone Mobile Money to roll out NFC-enabled devices to Airtel merchants that will act as terminals, allowing more than 1.5 million registered Airtel Money users to make payments with their phone. More
Denmark government aims for cashless society
The government in Denmark has proposed doing away with the obligation for retailers in the country to accept payment in cash, in an attempt to replace it with other methods such as plastic cards and mobile payments... More
Keep up to date: Get NFCW's headlines by email every Wednesday
Australia leads the way for contactless ownership and usage
Two thirds of Australians are now aware they own a contactless payment card and 53% have made a contactless transaction, research released by RFi Group has revealed, taking the country to the top of a leaderboard for both contactless awareness and usage rates. More
iPhone 6s to include improved Touch ID
A research note published by KGI Securities’ Ming-Chi Kuo has revealed a number of changes planned for Apple’s so-called iPhone 6s, expected to be unveiled in September, including an improved Touch ID sensor which “will improve the Apple Pay experience with faster, more secure readings,” Apple Insider reports... More
Nepal Bank to launch NFC and tokenization in July
Nepal Bank is set to become the first in the country to launch an NFC mobile payment service, using a solution provided by Nuspay that also makes use of tokenization. The service is currently “in the implementation phase” and, despite the recent devastating earthquakes, is still expected to launch in July. More
Visa in talks over $20bn Visa Europe acquisition
Visa is in preliminary talks to buy former subsidiary Visa Europe in a deal that may be valued at as much as US$20bn... More
US in-store mobile payments to hit $54bn by 2019
Mobile proximity payments — those made by consumers at the physical point of sale using a mobile device — in the US will total US$54bn by 2019, Javelin Strategy and Research has projected... More
Join NFC World for a free webinar on NFC transport ticketing
The next event in NFC World’s free educational webinar series will be held at 15:00 BST on Thursday 21 May, when the GSMA and invited experts will explain how to deliver standardised Mifare ticketing services on NFC devices. More
Payments veteran Buffy Duke joins Carta
PARTNER NEWS: Transaction technology provider Carta Worldwide has hired Elizabeth “Buffy” Duke as its vice president of business development. More
350m NFC SEs shipped in 2014
A total of 350m NFC secure elements were shipped in 2014, a 30% increase on the previous year, vendor association Eurosmart has revealed... More