Dutch supermarket chain opens cashless store

Spar Netherlands opens first cashless store — Retail Systems — “Called ‘Skippen’, or Skipping in English, the new concept enables students who download the accompanying app to purchase goods in-store without having to queue for a cash register. Shoppers simply scan items into their shopping cart via a QR code, before completing the payment with Tikkie — ABN Amro’s online payment solution.”


Swedish central bank issues cashless society warning

‘Being cash-free puts us at risk of attack’: Swedes turn against cashlessness — The Guardian — “The Riksbank governor, Stefan Ingves, called for new legislation to secure public control over the payments system, arguing that being able to make and receive payments is a ‘collective good’ like defence, the courts, or public statistics… ‘It should be obvious that Sweden’s preparedness would be weakened if, in a serious crisis or war, we had not decided in advance how households and companies would pay for fuel, supplies and other necessities.’”


Starbucks to run cashless store pilot in South Korea

Starbucks to test cashless stores in S Korea — Yonhap News — “Starbucks Coffee Korea Co, the local unit of the US coffee giant, said Thursday it will begin a test run of cashless stores at three outlets next month amid rising use of credit card and mobile payment systems… It will mark the second trial for the global coffee giant, following its first cashless store under test run in Seattle.”


Carriers in Singapore, India, Thailand and the Philippines to link their mobile wallet services

Singtel to launch mobile wallet tie-up with regional associates — The Straits Times — “The Singtel Group plans to roll out mobile wallet interoperability across its network of regional associates in Asia by mid-2018… Mobile wallet customers of Singtel and the group’s various associate telcos would then be able to make cashless payments in their home currency, using their home telco’s app, at physical merchants while abroad… Singtel’s goal is to bring the Philippines’ Globe, Indonesia’s Telkomsel and India’s Airtel on board from the second half of 2018 onwards, pending regulatory approval. Regulators have already given the green light for the partnership between Singtel’s Dash payments app and Thai counterpart myAIS.”



Nets to use taxi drivers to recruit new mobile payments merchants

Nets roping in 15,000 cabbies to nudge hawkers to go cashless — The Straits Times — “To coax hawkers to go cashless, e-payment giant Nets is going to enlist the help of an unconventional army: ComfortDelGro’s 15,000 cabbies. The cabbies will get a ‘monetary reward’ for every hawker they get to sign up to use the Nets QR code system… This Hawker Champion programme is now being tested by 100 cabbies, and will be rolled out to the full fleet in the next few months. The tie-up will help hasten the national effort to get more transactions to go cashless.”


Mobile payments gain ground in China’s 600,000 villages

China’s village people fast to adopt mobile payments — South China Morning Post — “The mainland market for mobile payment transactions, which reached US$5.5tn in 2016, is poised for further expansion as many consumers and businesses go cashless in more than 600,000 villages across the country… These villages are administratively categorised below townships, counties, cities and provinces.”


Walt Disney World to pilot cashless resort concept

Walt Disney World to test cashless resort concept at Animal Kingdom Lodge in February — WDW News Today — “Walt Disney World will be testing a cashless environment at Disney’s Animal Kingdom Lodge during a limited pilot program beginning February 12th, 2018. Jambo House at the Resort will be the first location to accept electronic payment only for all purchases and services… Valid forms of payments that will be accepted include MagicBands, credit cards, debit cards, Disney Gift Cards, Disney Rewards Redemption Cards and electronic payments methods such as Apple Pay, Samsung Pay or Google Pay.”




Bank of America reports 84% rise in P2P payment transactions

Zelle takes cashless payments to new heights — Bank of America — “Bank of America saw total Zelle transactions for 2017 hit nearly 68 million, an 84% growth rate from the previous year. In Q4 alone, Bank of America processed over 23 million transactions, totaling nearly US$7bn, up 91% from the prior year… Currently, Bank of America has nearly three million active Zelle users, and continues to add thousands of new users every day.”



KFC installs contactless donation stations across New Zealand

Tap to donate units in KFC support Surf Life Saving — SLSNZ — “The units will be placed at 40 selected KFC restaurants to enable customers to use their credit card and pay wave technology to make a quick and easy donation to Surf Life Saving New Zealand… The Donation Point Tap back end system feeds into the existing New Zealand Eftpos network, feeding funds straight to Surf Life Saving New Zealand’s bank account overnight, eliminating cash collection costs or risk of coin box theft.”




Apple explains how Apple Pay Cash will function as an electronic purse on iPhone, iPad and Apple Watch

Apple Pay Cash and person to person payments now available — Apple — “Apple customers who don’t already have Apple Pay set up on their supported device can still receive money from friends and family without needing to install a new app or add a card to Wallet. When new users receive money for the first time, it’s simply added to their new Apple Pay Cash card once they accept the terms.”


ECB survey finds cash still dominates payments in the euro zone

Euro zone consumers still addicted to cash when they buy — Reuters — “Cash still dominates consumer payments in the euro zone, even as many Western economies are rapidly moving towards electronic payments, a survey published by the European Central Bank showed on Friday… The figures indicate that the euro zone is one of the slowest among big Western economies in giving up cash, trailing countries like the United States, Britain, Australia and Canada.”


Bangkok street food vendors switch to mobile payments

Bangkok’s street food vendors are embracing mobile payments — Travel Wire Asia — “Street food vendors in Bangkok are embracing the digital revolution by offering e-payment methods for cashless transactions via smartphones… Vendors in the capital Bangkok are offering cashless payments after the Bank of Thailand (BOT) gave the green light for five banks to implement electronic payment systems using Quick Response (QR) barcodes.”


Boston to introduce NFC and contactless transit ticketing

Paying for a ride on the T could look very different in three years — Metro — “The MBTA on Monday moved towards overhauling its fare collection system to eliminate cash from its trolleys and buses and to give riders the ability to pay onboard with a credit card or smartphone… Riders will no longer be able to pay with cash on buses or the Green Line, eliminating transactions that cause delays and frustration for other passengers.”



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