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More than nine in 10 consumers (93%) will consider using digital payment methods including contactless, QR code and biometric payments as well as cryptocurrency transactions in the next year, according to a Mastercard survey. The card network’s New Payments Index identifies contactless technology as “the digital catalyst” for the exploration of new payment options during […]

The banks and other institutions backing the development of a unified payment systems for merchants and consumers across Europe have so far invested €30m in the European Payments Initiative, EPI chair Joachim Schmalzl has revealed. Plans to set up the pan-European payments system were first revealed in November 2019 and the EPI now has the

Mastercard is seeking a role in the development of China’s central bank digital currency (CBDC) by supporting the use of the digital yuan for cross-border transactions and its conversion to and from foreign currencies, according to South China Morning Post (SCMP). Mastercard Asia-Pacific co-president Ling Hai confirmed in an interview with the Hong Kong-based publication

WhatsApp users in Brazil can now send money to friends, family and other contacts by attaching a payment to a chat “just as you would attach a photo or video” and validating the transfer with a PIN or their device’s biometrics functionality. The WhatsApp payments service is enabled by Facebook Pay and is being relaunched

Apple Pay has rolled out in Israel with support for Visa, Mastercard and American Express cards issued by nine major Israeli banks and credit card companies, according to local media outlets. The service “will be available to customers of three credit card companies (Isracard, Max and ICC), and to bank card holders of Hapoalim, Leumi,

Passengers using selected ferries and trams in the Finnish capital of Helsinki and buses in the city of Tampere can now make EMV contactless fare payments using an open loop ticketing platform being rolled out by Helsinki Regional Transport and Tampere’s Nysse regional transit authority. The system in Tampere incorporates a zonal, time-based fare-capping service

Consumers, retailers and other business customers can now remotely verify their identity when opening an account or applying for a loan with Belgium-based Aion Bank by scanning the contactless chip embedded in an ID document with their NFC smartphone or other mobile device and validating the information via a facial recognition check. The bank’s digital

Google Pay users in the US will soon be able to access mobile transit ticketing services including fare payments and transit card management directly from the app’s home screen on their smartphone or other mobile device. “Tap the ‘Ride transit’ shortcut and you will be able to purchase or add a transit card, top up