282 news stories.
• Should PayPal be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should PayPal be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
The total transaction values for payments made using QR codes worldwide will reach more than US$3tn by 2025, an increase of 25% from US$2.4tn in 2022, driven by an increasing focus on financial inclusion in developing markets and alternative payment methods in developed regions, according to a forecast by Juniper Research... More
Merchants in the UK, Sweden and the Netherlands can now accept contactless payments on a standard Android NFC smartphone or other mobile device using a software point of sale (sPOS) solution being rolled out by PayPal... More
The European Commission is expected to file antitrust charges against Apple over the company’s limitation of access to its NFC chip technology and mobile payment system next week, “four people with direct knowledge of the matter” have told the Financial Times... More
PayPal, followed by Alipay, are the top two digital wallet providers, with WeChat Pay, Apple Pay and Google Pay in third, fourth and fifth place, respectively, according to a Juniper Research Competitor Leaderboard report... More
Apple Pay is the most popular payments app with Generation Z teenagers in the USA, followed by Venmo in second place, Square’s Cash App in third and PayPal fourth, according to a survey published by Piper Sandler investment bank... More
Bank of Ireland, AIB, Permanent TSB and KBC Ireland are planning to launch a mobile payments service known as Yippay “to rival disruptors such as Revolut”, according to the Irish Independent... More
The banks and other institutions backing the development of a unified payment systems for merchants and consumers across Europe have so far invested €30m in the European Payments Initiative, EPI chair Joachim Schmalzl has revealed... More
The number of people using QR code payment services globally will rise from 1.5 billion in 2020 to more than 2.2 billion in 2025, representing close to one in three (29%) of all the world’s mobile phone users, Juniper Research predicts... More
Passengers using Regional Transportation District (RTD) transit services in the Denver metro region of the USA will soon be able to plan their journeys and buy tickets from directly within the Lyft ridesharing app... More
The total global transaction value of purchases made using smart home devices is expected to rise from US$22bn this year to more than US$164bn in 2025, according to Juniper Research... More
Users of PayPal-owned P2P payments app Venmo can now apply for a credit card that includes both a contactless payments chip and a printed QR code that they can use to receive P2P payments and share bills with friends... More
PayPal has signed a deal with CVS Pharmacy to roll out its new QR code-based payments technology across more than 8,000 of the US retailer’s stores nationwide... More
PayPal users in 28 countries across the world are now able to use their PayPal app to make QR code-based mobile payments in stores — and standard seller transaction fees are being waived “for a limited time” for merchants using the new functionality... More
Facebook-backed Libra cryptocurrency project is scaled back — The New York Times — “The Libra project will now focus on creating a more traditional payment network in which coins will be tied to a local currency, somewhat like the digital dollars in a PayPal account. While Libra will also have a coin backed by multiple national currencies, which was the focus of the initial design documents, that will be less prominent.”
Google has agreed to pay Transport for London (TfL) £2m (US$2.56m) for the right to place Google Pay branding on all of London Underground’s 5,686 tap in/out card readers for a year... More
PayPal says it has now fixed an issue with its Google Pay integration that saw multiple users reporting that unauthorized transactions were appearing in their PayPal history, ZDNet reports... More
Chevron has added support for PayPal’s Venmo P2P payments service to its Chevron and Texaco mobile apps, making it possible for drivers to share or split their fuel purchases with passengers... More
Discover and PayPal collaboration gives cardmembers new way to redeem rewards — Discover Financial Services — “Discover cardmembers can now use their Cashback Bonus or Miles to pay for purchases at millions of online stores through PayPal… Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout.”
Facebook has unveiled a unified payments service designed to provide “a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp”... More
PayPal is to begin a major new push into in-store payments next year, under both the PayPal and Venmo brands and using both NFC and QR codes, CEO Dan Schulman has told Axios... More