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.”



Shake Shack to open cashless kiosk in New York

Shake Shack to open cashless, kiosk-only location in New York City — CNBC — “Located in Astor Place, this Shake Shack won’t have a cashier’s counter. Instead, guests will use digital kiosks or their mobile phones to place orders. Manning these kiosks will be “hospitality champs,” Shake Shack employees who specialize in making customers’ time in the restaurant as seamless and enjoyable as possible.”


Central Bank of Uruguay to run mobile currency pilot

Uruguayan central bank to test digital currency — Latin American Herald Tribune — “‘Instead of carrying around a leather wallet with paper currency,’ people will load electronic currency onto their mobile phones. ‘It’s not that you use the phone to order money transfers, as is done today, but having bills in the cellular and being able to pass them on from one user to another’… Digital bills will be used ‘exactly the same’ as paper bills.”



Premier Food Service adds rewards to contactless vending machines

Premier Food Service selects USA Technologies as a strategic partner as they move toward connecting 100% of their machines to cashless payment — USA Technologies — PARTNER NEWS — “‘As personalization becomes more common in the marketplace, we wanted to be one step ahead of the trend with customer loyalty and reward programs being at the center of our go-to-market strategy,’ said Gary Kurth, chief operations officer, Premier Food Service… ‘USAT has made it easy for companies like ours to quickly deploy innovative cashless payment technologies across our business so that we can better engage consumers at the point-of-sale and build in customer loyalty programs.’”


More than half of consumers in US, Canada and UK expect to abandon cash in next two years

Consumers to abandon cash by 2020 — Paysafe — “In Canada and the UK, contactless has paved the way for this new era of payments, with three out of five consumers regularly using it for purchases, 62% citing it as more convenient than cash, and 44% stating they preferred to shop in places that take contactless… However, it is America that is very much leading the way in new payment methods with nearly a third (31%) using mobile wallets and one in seven using cryptocurrencies.”


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