Customers of Al-Mansour Bank in Iraq will be among the first in the country to be able to trial biometric payment cards that allow them to authenticate contactless payments with their fingerprints... More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
Bank of Ghana lays out core design principles for CBDC pilot
The Bank of Ghana (BOG) is to pilot a two-tier token-based retail central bank digital currency (CBDC) that can be used with either a digital wallet app managed by a financial institution or a physical hardware wallet such as a contactless smart card that can be used offline and by unbanked consumers... More
First National Bank reports ‘surge’ in contactless payments from smart devices in South Africa
The total transaction values of contactless payments made using a smart device processed by retail and commercial clients of South Africa’s First National Bank (FNB) has increased from R640m (US$43m) in 2020 to “in excess” of R4.2bn (US$3bn) in 2021, the bank reports... More
China updates digital yuan wallet app for Apple users
China has issued an update to the pilot version of its digital yuan wallet app for Apple users that is “adapted to the iOS 15.4 system changes” released this week, and has uncovered an attempt to use the central bank digital currency (CBDC) in a fraud and money laundering case, according to local media reports. More
Average UK contactless transaction value rises by 30%
The value of the average contactless payment made in the UK has risen by 30% since the country increased its contactless spending limit from £45 (US$59) to £100 (US$132) in October last year, according to figures from UK Finance. More
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Apple Pay goes live in Argentina and Peru
Apple Pay has launched in Argentina and Peru with support for Mastercard and Visa cards issued by six banks in Argentina and five in Peru. It has confirmed the service is now live in both countries. More
Citi to roll out NFC mobile payments to corporate cardholders in 40 countries
Citi Commercial Cards is to enable its business customers in more than 40 markets worldwide to digitise their plastic corporate payment card or provision a virtual card into a mobile wallet and use it to make NFC mobile payments... More
7-Eleven Japan trials holographic contactless self-checkout
Customers at six 7-Eleven convenience stores in Tokyo, Japan, can now make cashless payments for their purchases by interacting with a holographic screen projected from a contactless self-checkout kiosk... More
Libyan bank to pilot biometric payment cards
Mediterranean Bank in Libya will be the first in the country to trial biometric payment cards that enable customers to authenticate contactless payments with their fingerprint... More
President Biden lays out US digital currency strategy
US President Joe Biden has signed an executive order (EO) “outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying policy” including the possible issuance of a US central bank digital currency (CBDC), the White House says... More
OEM Pay ecommerce transaction volumes to exceed 30.7bn by 2026
Consumers worldwide will use payment services provided by smartphone makers and other original equipment manufacturers (OEMs) to make more than 30.7bn ecommerce transactions by 2026, an increase of more than 24.5bn on the 6.1bn predicted for 2022, according to a forecast by Juniper Research... More
Banco Central do Brasil names CBDC project partners
The Banco Central do Brasil (BCB) has named the partner organisations that will support the next phase of its central bank digital currency (CBDC) project... More
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Shake Shack offers customers bitcoin rewards
Customers purchasing food and beverages from Shake Shack outlets in the US using the Cash App payments platform can opt to receive a 15% cashback reward in bitcoin... More
China to roll out next phase of digital yuan testing
China is to launch trials of its central bank digital currency (CBDC) in more cities and regions across the country after rolling out a pilot version of the digital yuan wallet app in January and trialling the CBDC during the Beijing Winter Olympics... More
Soldo lets customers in the UK and Italy add corporate payment cards to Google Pay
Holders of corporate payment cards issued by spending management platform Soldo in the UK and Italy can now add them to Google Pay and use them to make contactless payments with their Android smartphone, smartwatch or tablet... More
Contactless card purchases to exceed 522bn globally by 2026
The number of contactless card purchases made worldwide will increase by an average of 23% a year and reach a total of more than 522bn by 2026, up by more than 370bn on the 149bn recorded in 2020, according to a forecast by Retail Banking Research (RBR)... More
Taiwan to complete central bank digital currency pilot by September
The Central Bank of Taiwan (CBT) has accelerated its research into the development of a Taiwanese central bank digital currency (CBDC) and expects to complete the second phase of its pilot programme by September this year. More
Swedish challenger bank rolls out biometric payment cards
Customers of Swedish challenger bank Rocker can now apply for a biometric payment card that allows them to authenticate payments of any amount with their fingerprint rather than using a PIN... More
Global shipments of biometric payment cards to grow by 850% and reach 173m in 2026
Shipments of biometric payment cards with embedded fingerprint sensors will grow by almost 850% and reach a total of 173m worldwide by 2026, according to a forecast by Juniper Research. More
Ukraine calls on Visa and Mastercard to stop servicing cards issued by Russian banks
The National Bank of Ukraine (NBU) has called on Visa and Mastercard to stop servicing payments cards issued by Russian banks following the Russian invasion of Ukraine... More