Singapore bank UOB expects that NFC mobile payments will account for 10% of all its card transactions by 2020 on the back of “swift adoption of Apple Pay”, according to The Business Times. Around 19,000 cards from UOB have been enabled for Apple Pay in just two weeks since the bank announced its support for the service in May 2016.
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- Chinese banks roll out face recognition at the ATM
- Germany’s central bank reports on potential of blockchain for payments
- NXP releases NFC tag toolkit for iOS
- Banks back government-led Taiwan Pay QR payments service
