Singapore’s United Overseas Bank has reported a more than three-fold increase in contactless card transactions in the year to April 2014, with more than 500 contactless purchases now being made each day. Nine out of 10 contactless payments are for everyday items such as groceries, dining and pharmacy purchases, while the most frequent users of contactless cards are professionals and executives aged 30 to 45.
- NXP to host NFC for consumables and accessories webinar on 22 February
- eMarketer: Mobile payments adoption held back by ‘strong contactless card usage’ in Europe
- Korean card companies to launch joint NFC payments service in bid to combat Chinese QR threat
- Wells Fargo puts AI into mobile app to help customers manage their money
- Apple CEO: Mobile payments taking off more slowly than expected