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
More than nine in ten public transport users worldwide expect transit services to offer contactless fare payment options (91%) and just under half prefer to make contactless payments for their transit fares (45%), according to Visa’s 2022 Future of Urban mobility survey... More
Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More
Consumers in key markets around the world have switched from physical cash to digital and contactless payment methods at “a rate unprecedented” since the Bank for International Settlements (BIS) launched its Red Book of payment and settlement statistics in 2004, BIS says... More
More than four fifths of consumers (81%) worldwide are ready to use a biometric payment card and authenticate payments with their fingerprint rather than a PIN code, according to a survey commissioned by a biometric technology provider... More
NFC mobile payments accounted for 25% of overall POS transaction volumes in Saudi Arabia in September, Saudi Payments reports... More
American Express, Discover, Mastercard and Visa have announced that “they are each beginning technical preparations for global expansion” of Click to Pay, the single buy button solution for online merchants based on the EMVCo Secure Remote Commerce (SRC) standard... More
Updated 30 January 2023 Countries around the world are increasing the contactless transaction limit in a bid to lower cash usage to combat the spread of Covid-19... More
The Saudi Arabian Monetary Authority (SAMA) has increased the purchase limit for Atheer contactless domestic debit card transactions from SAR 100 (US$26.61) to SAR 300 (US$79.84), in a bid to reduce the spread of novel coronavirus... More
Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More
Saudi banks trial blockchain-based identity technology at ATMs — Computer Weekly — “The Saudi Arabian trial will enable local consumers to use their faces and blockchain-based apps to withdraw money from cashpoint machines instead of PINs. The ID authentication prototype, currently under test, can communicate across banks and uses blockchain to confirm an individual’s identity without accessing the bank’s database.”
Apple Pay is now live in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Liechtenstein, Lithuania, Malta, Portugal, Romania, Slovakia and Slovenia... More
Visa partners with Starbucks & Hardee’s to help promote the use of Apple Pay in KSA and UAE — MenaFN — “The promotion with Starbucks will allow Visa cardholders to upgrade the size of their latte, cappuccino or americano beverages if they pay through Apple Pay… The Hardee’s promotion will allow Visa cardholders to receive a free dessert when they buy any large meal of their choice using Visa with Apple Pay.”
Apple Pay rolling out in Czech Republic and Saudi Arabia — MacRumors — “In Czech Republic, users have so far reported successfully adding cards to their mobile wallets from Air Bank, Moneta Money Bank, Ceska Sporitelna, and payments company Twisto. .. In Saudi Arabia, Apple’s regional Apple Pay website has gone live and lists Visa and Mastercard support for Al Rajhi Bank, NCB, Mada, Riyad Bank, Alinma Bank, and Bank Aljazira.”
Apple Pay said to be coming to Saudi Arabia this week — Arabian Business — “Advertisements from Saudi Arabia-based Al Rajhi Bank noted that Apple Pay will launch in the kingdom on February 19 — the same day that it has been rumoured that the service will launch in the Czech Republic. In October, Apple said that Apply Pay was ‘coming soon’ to Saudi Arabia.”
UAE and Saudi Arabia announce launch of common digital currency ‘Aber’ — Emirates 24/7 — “The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) today announced in a joint statement the launch of the common digital currency project ‘Aber’, which will be used in financial settlements between the two countries through blockchains and distributed ledgers technologies.”
Apple Pay is ‘Coming Soon’ in Saudi Arabia according to Apple — The Apple Post — “Apple has announced within an update to its website on Friday that Apple Pay is ‘coming soon’ in Saudi Arabia. The Saudi Payments Network (Mada), a major payment system in Saudi Arabia, has also confirmed that it will soon introduce support for Apple Pay.”
Visa and Saudi Mada partner to launch new mobile-based application, Mada Pay — Zawya — “Mada Pay is an Android-based mobile application that enables cardholders to make fast, easy and secure contactless mobile payments at NFC-enabled merchants throughout Saudi and abroad with KSA [Kingdom of Saudi Arabia]-issued Visa cards (credit and prepaid). Visa and Mada co-badged (debit and prepaid) cards can also be used with Mada Pay.”
Google has officially unveiled Android Wear 2.0, the new version of its operating system for smartwatches, and two new watches from LG — one of which comes with NFC to support HCE mobile payments using Android Pay... More
PayPal has enabled money transfers via Apple’s Siri voice command function, enabling users with iOS10 devices to make payments by speaking requests... More