The integration of virtual cards into digital wallet services like Apple Pay and Google Pay will drive a 340% increase in virtual card transactions, from 28bn in 2022 to 121bn by 2027, Juniper Research predicts... More
Contactless
Visa reports rapid growth in contactless fare payments worldwide
Visa has processed more than 1bn contactless fare payments on transit systems around the world over a period of 10 months, signalling “rapid growth” in the uptake of digital payment options, the card network reports... More
Nearly half of UK consumers now make mobile payments every week
More than four in ten UK consumers now make in-person and ecommerce purchases from their mobile device on a weekly basis (43%), making mobile payments “the predominant form of payment” in the country with mobile commerce transaction values predicted to reach £100m (US$112m) by 2024, according to research published by payment services provider Rapyd... More
Global digital ticketing transaction values to hit US$1.4tn in 2027
Digital ticketing transaction values worldwide will exceed pre-pandemic levels next year and reach US$1.7tn in 2027, up from US$768bn in 2022, according to a forecast from Juniper Research... More
Apple integrates transit cards with Maps in iOS 16
Apple iPhone users can now check public transport fares and add transit cards to Wallet as well as check and replenish an existing card balance directly from Maps... More
Contactless payments set to hit US$10tn globally by 2027
Global contactless transaction values will reach US$10tn by 2027, up from US$4.6tn in 2022, with contactless mobile and wearable payments expected to grow by 221% and contactless card payments by 119% over the same period, according to a Juniper Research forecast... More
EMVCo reports on the future of contactless payments
A slide deck and video recording of EMVCo’s keynote presentation at Contactless World Congress on the future of contactless payments are now available to access free of charge in the NFCW Knowledge Centre... More
How to join today’s EMVCo keynote session at Contactless World Congress
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place today at 3pm BST, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
Researchers develop technique for integrating NFC chips with printed electronics for flexible active smart tags
Researchers at the University of Glasgow in the UK have developed a hybrid technique for “robustly” integrating solid NFC chips with printed circuits on flexible materials such as fabric and paper that could “extend the effective use of flexible electronics in applications such as smart tags, IoT wearables, robotics, ultrathin displays, healthcare and so on” by enabling the development of active tags... More
Chinese tea brand uses NFC tags to prevent counterfeiting and enhance customer experience
Customers purchasing special anniversary gift boxes of Chinese tea brand Halfism’s Fuding white tea can now verify their purchase is genuine, access detailed product information and receive coupons towards future purchases by scanning an NFC tag embedded in the product’s packaging with their NFC smartphone... More
48 hours to EMVCo’s Contactless World Congress keynote on the future of contactless payments: Reserve your place now
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place on Wednesday at 3pm BST/10am EDT, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
NFC Forum introduces new NFC device class that removes the need for phones and wearables to support NFC tag reading
The NFC Forum has introduced a new Card Emulation Device class that makes it possible for manufacturers of wearables and low-end and mid-range smartphones to get their products certified as meeting NFC Forum requirements without needing to include support for NFC tag reading or writing... More
Hema to pilot software-only POS terminals in Dutch department stores
Dutch retail chain Hema is to trial a software-only point-of-sale (sPOS) solution that enables staff to accept contactless payments on any Android smartphone or tablet without needing any additional hardware or accessories... More
Balmain adds NFC tags to Pokémon clothing range
Luxury fashion brand Balmain Paris has added NFC tags to jackets and patches in its Balmain x Pokémon range that enable purchasers to unlock rewards and access an immersive digital experience by tapping the tag with their Apple or Android NFC smartphone... More
Denmark trials hands-free contactless mobile transport ticketing platform
Danish public transport fare system provider Rejsekort & Rejseplan (RKRP) is trialling a hands-free automated app-based mobile ticketing system on bus and train services in Denmark’s North Jutland region as part of plans to develop a national digital mobility solution combining travel planning, booking, ticketing and payment across private and public modes of transport... More
NFCW is now available on Telegram
Users of the Telegram instant messaging app can now join NFCW’s broadcast news channel, where we share headlines as each story is published... More
Greece reports on uptake of digital ID cards and driving licences
More than 710,000 Greek citizens have used the Greek government’s Gov.gr Wallet app to create and store a digital version of their national identity card on their smartphone and more than 563,000 have used it to generate a digital version of their driving licence since the service went live last month... More
China lets consumers link their bank account to their central bank digital currency app for contactless payments
Chinese consumers in the 23 cities and regions piloting the country’s central bank digital currency (CBDC) can now automatically transfer funds to their digital yuan wallet app whenever their balance runs low, removing the need to manually top up the balance in their e-yuan app... More
Mastercard reports on growth in consumer adoption of emerging payments technologies
Nearly nine in ten consumers worldwide have made digital payments using digital wallets, contactless, QR codes, buy now pay later, money transfer apps, cryptocurrencies, biometrics and other digital payment technologies (85%) and more than six in ten say they have increased their usage of at least one digital payment method (61%) in the last 12 months, according to a Mastercard survey... More