NJ Transit adds cash top-ups to mobile ticketing app

NJ Transit promo for cash in app which lets passengers buy digital tickets on their smartphone with cash

Passengers using NJ Transit services across the US state of New Jersey who do not have a bank account or a debit or credit card can now use cash to fund the purchase of digital tickets and passes for travel on bus, train or light rail services on their smartphone... More


Visa reports on passenger preferences for transit payments

More than four in ten transit passengers worldwide say that tapping their own debit or credit card to make open loop contactless fare payments is their preferred fare payment option (42%), followed by tapping a card stored in their mobile wallet (39%), using a closed loop transit card (38%), cash (31%) and app-based payment (29%), according to a Visa survey... More


Bank of Canada reports on offline central bank digital currency design options

Bank of Canada design options FOR offline CBDC functionality

Developing a central bank digital currency (CBDC) system that supports offline transactions on smartphones or standalone custom devices will offer users benefits including enhanced resilience, accessibility, inclusivity and privacy, especially in remote areas without a reliable or affordable internet connection, according to the Bank of Canada... More





Mastercard reports on growth in consumer adoption of emerging payments technologies

Nearly nine in ten consumers worldwide have made digital payments using digital wallets, contactless, QR codes, buy now pay later, money transfer apps, cryptocurrencies, biometrics and other digital payment technologies (85%) and more than six in ten say they have increased their usage of at least one digital payment method (61%) in the last 12 months, according to a Mastercard survey... More







What's New in Payments

Two in five US consumers still cite cash as their preferred payment method

WSFS survey graphic of trends in cash usage by US consumers in 2021

Two-fifths of US consumers (40%) still prefer to use cash and just under 40% of US businesses (39%) maintain a cash-only policy for purchases of less than US$20 “despite the availability of technology-driven forms of payment such as credit cards, debit cards and mobile wallets,” a survey by a division of WSFS Bank has found... More



What's New in Payments

UK pilots new ways to provide access to cash in communities without bank branches

NatWest debit card being put into a card reader

Residents and small businesses in nine UK communities are taking part in a series of pilot schemes which aim to improve access to cash in rural and disadvantaged areas, where individuals remain dependent on cash but where bank branches and ATMs have closed down and local cash infrastructure is under threat... More