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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. The issue was brought to […]

OPEN LOOP: Clean Air Express passengers can tap to pay with a contactless card or a mobile wallet Passengers travelling on express bus services in the Santa Barbara region of the US state of California can now pay their fares by tapping an on-board payment reader with their contactless debit, credit, prepaid card or mobile

Eesti Pank, the central bank of Estonia, has tested a blockchain-powered technical solution for the use of a digital euro central bank digital currency (CBDC) that it says is capable of handling more than 300,000 simultaneous payments a second and enables payees to receive a payment in less than two seconds. “The experiment established that

CASHLESS SUPPORT: The Central Bank of Oman is not charging for POS installation or monthly fees All merchants and other commercial enterprises across the Sultanate of Oman will be obligated to offer customers the option of making cashless payments for goods and services from 1 January 2022. The Omani Ministry of Commerce, Industry and Investment

The total value of contactless card transactions worldwide will reach US$2.5tn in 2021, up from US$1.7tn in 2020, Juniper Research predicts. The researchers also forecast that card payments will retain “the majority share of overall contactless transaction values at 79% in 2021”. In addition, the research identifies that “market growth has already been catalysed by

DIRECT: Customers of six banks in Poland will be able to use their mobile banking app to pay contactlessly 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

CROSS-BORDER: Twint is to enable Swiss users to make digital payments in other European countries Swiss consumers with a Twint digital wallet will be able to make digital payments with their credit card or directly from their bank account in other European countries from 2022, the Swiss mobile payments service says. Twint revealed plans to

BIOMETRIC: Masked face payments are being tested at four cafes on the university’s Higas-Osaka campus Students and staff at Kindai University in the Japanese city of Osaka are testing a biometric payments service that enables them to authenticate payments with their face even when they are wearing a mask. The university is trialling the facial