Abu Dhabi Islamic Bank (ADIB) is enabling customers to open a new account remotely and without needing to visit a branch in person by taking a selfie, scanning their passport and tapping their Emirates ID card with an NFC-enabled device... More
Mobile banking
Australian public hearing considers case for regulatory controls to ensure payment apps get access to smartphone NFC technology
An Australian parliamentary committee has held a public hearing at which it heard evidence from representatives of leading Australian banks, payment services providers and other financial bodies on regulatory issues including whether companies such as Apple should be mandated to allow third-party payment apps access to a smartphone’s NFC chip... More
Polish mobile payments service lets users make NFC payments direct from bank account
Consumers in Poland will soon be able to use their Android NFC device to make tokenized contactless payments at the point of sale (POS) directly from their bank account via their mobile banking app without needing a debit or credit card... More
Moscow Metro lets passengers top up their Troika transit card from their mobile banking app
Passengers travelling on Moscow Metro can now buy and top up a Troika transit card directly from within their mobile banking app... More
People’s Bank of China issues digital yuan trial progress report
Nearly 21m (20.87m) personal and 3.51m corporate digital yuan wallets have so far been issued during China’s ongoing trials of its central bank digital currency (CBDC), the People’s Bank of China (PBOC) has revealed... More
US credit union to let customers authenticate banking transactions with mobile driving licence
Utah Community Credit Union (UCCU) is to become the first financial institution in the US state to let its customers use Utah’s mobile driving licence (mDL) as a legal form of identification for all banking transactions... More
Antelop launches One Digital Card SDK for banks and card issuing processors
PARTNER NEWS: Antelop Solutions has introduced a new solution that makes it possible for banks and card issuing processors to use a single software development kit to add all the very latest digital card features to their mobile banking apps... More
Thai and Vietnamese central banks roll out cross-border QR payments
The Bank of Thailand and the State Bank of Vietnam have launched an interoperable cross-border payments system that will enable Thai visitors to Vietnam and Vietnamese visitors to Thailand to make QR code-based payments for goods and services using their mobile banking app... More
Piraeus Bank adds NFC payments to its mobile banking app
PARTNER NEWS: Piraeus Bank has launched an NFC mobile payments service that uses Antelop Solutions’ digital card and tokenization platform to let customers digitize their Mastercard or Visa cards and make payments from directly within their mobile banking app... More
Antelop explains how token management solutions can help banks cut costs and improve their customers’ user experience
KNOWLEDGE CENTRE: Token management solutions that enable consumers to self-manage their digital cards from within their mobile banking app will provide issuers with the ability both to reduce customer service costs and improve customer experience, Antelop Solutions CEO Nicolas Bruley explains in a 22-minute webinar now available to view in the NFCW Knowledge Centre... More
Emirates NBD leverages NFC to verify the identity of new account holders
Customers of Emirates NBD in the Middle East, North Africa and Turkey are the first in the region to be able to verify their identity documents when they open a new account using an NFC-powered solution on the bank’s mobile banking app... More
Korea to let banks add food ordering services to mobile apps
Banks in South Korea will be able to add a wide range of non-financial services to their mobile apps, including food ordering and delivery, following changes to the country’s financial regulatory system due to be introduced by the Financial Services Commission (FSC) in July 2021... More
CIBC raises transaction limit for customers making contactless payments with a mobile phone or smartwatch
Customers of CIBC can now make purchases of up to C$250 (US$196) with their debit card using Apple Pay, Samsung Pay or Google Pay following a 150% increase in the Canadian bank’s transaction limit for in-store payments with a mobile phone or smartwatch... More
US Bank lets customers send a greeting card with their P2P payment
Customers of US Bank can now add a personalised digital greetings card when they use the bank’s mobile app to make a Zelle P2P transfer to anyone with a US bank account... More
UN reports on impact of Covid-19 on ecommerce payments in developing countries
Ecommerce businesses in 23 of the world’s poorer nations have seen “a notable increase” in digital payments as a result of the Covid-19 pandemic, according to a report by the United Nations Conference on Trade and Development (UNCTAD)... More
Payconiq rolls out cross-border QR mobile payments service in Europe
Users of Payconiq-supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries... More
Google Pay to launch mobile-first bank accounts in the USA in 2021
Consumers in the USA will be able to open mobile-first checking and saving accounts with 11 banks and credit unions from within Google Pay from 2021, Google has revealed in a blog post that also announces the launch of a redesigned version of the Google Pay app for both Android and iOS... More
More than 500m iPhone users have now activated Apple Pay
The number of iPhone users globally that have activated Apple Pay has grown by 66m over the past year, from 441m in September 2019 to 507m in September 2020, according to a study published by Loup Ventures... More
Antelop lets banks provide their customers with a way to manage tokenized cards from within their mobile banking app
PARTNER NEWS: Antelop Solutions has launched a tokenized card management solution that makes it possible for banks to provide their customers with the ability to view, control, push, update and manage the card details that they have shared with all the different mobile wallet providers and ecommerce merchants they deal with — from within their mobile banking app... More
Six in ten Europeans abandon digital bank applications during onboarding
Nearly two-thirds of consumers in Europe (63%) have abandoned a digital bank application in the past year, compared with 40% in 2019, according to new research... More