The number of new Hyundai Card users in South Korea rose by 75% from 116,000 in February to 203,000 in March following the launch of Apple Pay in the country on 21 March... More
Apple Pay launch drives surge in Hyundai Card uptake in Korea
Apple Pay
US employee rewards programme trials online virtual prepaid card provisioning
Employee reward and incentive programmes provider Halo is trialling a digital card provisioning solution that enables users to quickly and easily add a virtual prepaid rewards card directly to their digital wallet without needing to download an app or add their bank details... More
Korean merchants turn to softPOS for Apple Pay acceptance
Merchants in South Korea can now opt to accept Apple Pay payments on their smartphone without needing to purchase and install NFC readers at the point of sale as a number of new or upgraded software POS solutions roll out across the country... More
Samsung and Naver launch integrated mobile payments service in South Korea
Samsung and Naver Financial have launched an integrated mobile payments service in South Korea that enables Naver Pay users to make in-store payments with their smartphone at outlets accepting Samsung Pay and Samsung Pay users to make online payments at ecommerce merchants supporting Naver Pay... More
Apple Pay goes live in South Korea
Apple Pay has launched in South Korea with support for Mastercard, Visa and local debit and credit cards issued by Hyundai Card... More
In-store mobile and wearable transaction values in Italy rise by 122% to hit US$17.5bn
Consumers in Italy used their smartphones or wearable devices to make in-store contactless payments worth a total of €16.3bn (US$17.5bn) in 2022, an increase of 122% compared with 2021, according to the Innovative Payments Observatory (IPO) at Milan Polytechnic University... More
Central bank enables rollout of contactless mobile payments in Egypt
The Central Bank of Egypt (CBE) has issued regulations governing payment card tokenization on mobile apps that enable banks and payment service providers to allow customers to make contactless payments with digital cards stored in mobile wallets including Apple Pay, Google Pay and Samsung Pay... More
Tampa Bay transit authorities roll out open loop contactless ticketing with fare capping
Passengers travelling on bus and trolleybus services across the Tampa Bay region of Florida in the US can now make contactless fare payments using their physical contactless credit, debit or prepaid card or via Apple Pay or Google Pay on their NFC smartphone or wearable... More
Samsung and Naver partner on mobile payments in Korea as Apple Pay prepares to go live
Samsung and Naver have formed a strategic partnership designed to maintain the two companies’ mobile payments market leadership in South Korea ahead of Apple’s expected launch of Apple Pay in the country in the coming months... More
Apple Pay set to launch in Korea
Apple Pay will go live in South Korea with support from Hyundai Card in the next few months, according to local media reports that cite statements from the two companies... More
Russian banks pilot contactless payment stickers for iPhone users
Apple users with accounts at two Russian banks will soon be able to attach an NFC payment sticker to the back of their iPhone that enables them to make contactless payments for goods and services with their smartphone... More
Amsterdam gets tap-in tap-out open loop contactless fare payments
Passengers travelling on bus, train, tram and metro services in the Dutch capital and surrounding areas can now pay their fares by tapping onboard readers or ticketing gates at the beginning and end of their journey with their contactless debit or credit card or with their Apple or Android NFC smartphone... More
Apple Pay to start pilot rollout in South Korea
Apple Pay will begin a limited pilot rollout in South Korea this week, initially for online payments and with offline payments to follow, according to advertisements seen in the capital Seoul and reported by local media outlets... More
Danske Bank lets Danish consumers add domestic payment cards to Apple Pay
Customers of Danske Bank in Denmark can now add their Dankort debit card to Apple Pay and use it to make mobile payments using the country’s Dankort domestic payment system... More
Apple Pay begins to roll out in Kuwait
Apple Pay has gone live in a number of shopping malls in Kuwait prior to a full rollout in the country “soon”, according to media reports... More
Juniper forecasts 121bn virtual card transactions by 2027
The integration of virtual cards into digital wallet services like Apple Pay and Google Pay will drive a 340% increase in virtual card transactions, from 28bn in 2022 to 121bn by 2027, Juniper Research predicts... More
Nearly half of UK consumers now make mobile payments every week
More than four in ten UK consumers now make in-person and ecommerce purchases from their mobile device on a weekly basis (43%), making mobile payments “the predominant form of payment” in the country with mobile commerce transaction values predicted to reach £100m (US$112m) by 2024, according to research published by payment services provider Rapyd... More
Contactless payments set to hit US$10tn globally by 2027
Global contactless transaction values will reach US$10tn by 2027, up from US$4.6tn in 2022, with contactless mobile and wearable payments expected to grow by 221% and contactless card payments by 119% over the same period, according to a Juniper Research forecast... More
Hema to pilot software-only POS terminals in Dutch department stores
Dutch retail chain Hema is to trial a software-only point-of-sale (sPOS) solution that enables staff to accept contactless payments on any Android smartphone or tablet without needing any additional hardware or accessories... More
Three quarters of iPhone users in the US have now enabled Apple Pay
Three in four iPhone users in the USA have now activated Apple Pay (75%), a rise of 25 percentage points from 50% in 2020, according to research by Loup Ventures... More