More than 80% of the respondents to a survey conducted by ABI Research on behalf of the NFC Forum said they have used a smartphone or smartwatch to make a contactless payment... More
An average of around one in five Europeans would use the digital euro “several times a week” if the proposed central bank digital currency is introduced (15-21%) and just over one in four expect it to be used as a supplement to existing payment methods (26%), according to a BearingPoint survey... More
The Connectivity Standards Alliance (CSA) has launched a new standardised communication protocol with a common credential that promotes interoperability between mobile devices, wearables and access control readers that use technologies including NFC, Bluetooth Low Energy (BLE) and ultra wideband (UWB)... More
Total transaction values for contactless transit fare payments made using a QR code will almost triple and reach US$17.7bn worldwide by 2028, according to a forecast by Juniper Research... More
Governments should create robust trust frameworks that support the issuance and use of digital identity wallets created by private sector providers such as Apple and Google, but not issue wallets directly to end users themselves, according to the Open Identity Exchange (OIX)... More
Total card purchase volume worldwide reached US$42.7tn in 2022 with global credit card volumes increasing by 7% and prepaid card volumes by 9%, according to research from RBR... More
Regions across China have launched a series of digital yuan voucher giveaways to drive adoption of the country’s central bank digital currency (CBDC) and encourage consumer spending using the digital currency during the Asian Games and the Mid-Autumn and National Day festivals... More
The US Consumer Financial Protection Bureau has issued a report that highlights how Apple and Google’s role in enabling NFC contactless mobile payments impacts the US contactless payments market... More
Transaction volumes for contactless in-store mobile payments made using an Interac debit card stored on a consumer’s smartphone have increased by 53% between August 2022 and July 2023, the Canadian domestic debit card network provider has revealed... More
The total number of QR code payments made in SE Asia will reach 90bn by 2028, up from a total QR code transaction volume in the region of 13bn in 2023, according to a forecast by Juniper Research... More
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
Just over 93% of card present transactions worldwide were made using EMV chip-enabled payment cards during 2022, up from 90.44% in 2021 and 88.55% in 2020, according to standards body EMVCo... More
Passengers on New York’s subway and bus services have now tapped their contactless bank or transit card, smartphone or wearable device to pay fares using the Omny open loop fare payment system more than 1bn times since it launched in May 2019, the Metropolitan Transportation Authority (MTA) reports... More
One in five UK consumers (20%) prefers using mobile payment services such as Apple Pay over cash (17%) or chip & PIN card payments (10%) for in-store purchases, a survey has revealed... More
More than 320,000 passengers have now used Moscow Metro’s FacePay face biometrics service to pay for more than 67m trips, the transportation operator reports, up from 220,000 registered users and 32m journeys in January 2023... More
Public transportation users in the Chinese city of Jinan can now use the country’s central bank digital currency (CBDC) to pay their fares on any of the area’s buses... More
More than one million US students have now added their student ID card to their NFC mobile phone, double the half a million who had adopted mobile campus IDs a year ago, mobile credential provider Transact Campus reports... More
More than a quarter of the 193,000 self-checkout systems shipped to merchants around the world in 2022 were installed in non-grocery stores “as the technology penetrates new segments”, research firm RBR has found. ... More
Public transportation users in Auckland, New Zealand, will be able to pay their bus, train and ferry fares using a contactless debit/credit card, Apple Pay or Google Pay “within the next 12 months”, the city’s transport authority has announced. ... More
EMV payments grew by more than 350% as a share of cashless sales at food and beverage vending machines in the US and Canada in 2022, an analysis of a sample set of almost 675,000 active card readers has found. ... More