Germany’s central bank reports on potential of blockchain for payments

Bundesbank sees benefits in blockchain technology — Deutsche Bundesbank — “The Bundesbank’s experts see little prospect of DLT [distributed ledger technology] being put to widespread use in the field of individual and retail payments given the current state of the art… They see more potential for DLT in payments beyond the European currency area… There is currently no realistic prospect of central bank-issued digital currency being rolled out in the foreseeable future.”



Retailers ready to pay more for payments services that add value

Majority of EMEA retailers plan to increase investment in payments — ACI Worldwide — “55% of retailers and merchants in the EMEA region are planning to increase their investment into new payment capabilities in the next 18 to 24 months… 66% say they are willing to pay more for a broader range of payment services if they add value to their business. 89% say they would expect increased operational efficiency and 88% enhanced customer experience from their investment.”




British Airways owner IAG launches mobile pay on new airline Level

British Airways owner IAG launches mobile pay on new airline Level — City AM — “The technology, called Pair & Pay, will enable customers to connect mobile devices with their individual seatback screen to buy food, drinks, Wi-Fi packages, and duty-free products… Once selected items have been added to the shopping cart on the screen, passengers then connect their devices to the onboard network and pair their phone with the seatback, and can then use their phone to pay for the products.”




Convenience store Cheers opens first unmanned, cashless outlet

Convenience store Cheers opens first unmanned, cashless outlet — The Straits Times — “The Cheers outlet at Nanyang Polytechnic (NYP) looks like its normal store — with shelves and fridges stocked with food and drinks — except there is no cashier or assistant in sight… Customers use a QR code found on the free ‘Shop It Yourself’ mobile app to gain entry to the store… The store also features a unified self-checkout system that accepts various cashless payment modes, eliminating the need for multiple payment terminals.”




Amazon Pay Places lets you pay for real-world shopping using your Amazon info

Amazon Pay Places lets you pay for real-world shopping using your Amazon info — Techcrunch — “Amazon is today introducing a new feature called Amazon Pay Places, that allows customers to pay for in-store and order ahead shopping experiences using their Amazon app… Instead of using cash, check, credit or debit while shopping out in the real world, you can just use your Amazon account information. The first implementation of Pay Places involves a partnership with the TGI Friday’s restaurant chain.”



Dubai’s Nol cards can now be used for payment at 1,000 retail units

Dubai’s Nol cards can now be used for payment at 1,000 retail units — Gulf Business — “Dubai’s Roads and Transport Authority (RTA) has announced that Nol cards can now be used to make payments at more than 1,000 selected retail outlets… Nol cards are used to pay for public transport systems such as the Metro, Tram, buses and water taxis… The network of retailers accepting Nol cards is projected to exceed 5,000 by the end of this year.”



Japan’s Bic Camera to accept bitcoin nationwide

Japan’s Bic Camera to accept bitcoin nationwide — Nikkei Asian Review — “Bic Camera will allow payments in bitcoin at all locations throughout Japan as early as this month, looking to provide more options for foreign and domestic shoppers… The more-than-expected popularity of this option prompted Bic Camera to expand the system to the rest of its locations, the company says.”


Debit cards overtake cash to become number one payment method in the UK

Debit cards overtake cash to become number one payment method in the UK — British Retail Consortium — “For the first time the volume of retail purchases made by card now accounts for more than half of all customer transactions, according to the BRC’s latest annual Payments Survey, released today. This has partly been driven by UK customers increasingly using cards for lower value payments.”




Citi Pay launches in the US

Citi Pay launches in the US — Citi — “Online and in-app purchases will be enabled through Citi’s integration of Masterpass… For Android users, the digital wallet also enables Citi cardholders to make in-store purchases by tapping their Android mobile devices at any NFC-enabled point-of-sale terminal… In 2016, Citi Pay launched in Singapore, Australia and Mexico with tap and pay capabilities.”


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