By: Dan Balaban NFC TIMES Exclusive Insight – The Los Angeles County Metropolitan Transportation Authority, or Metro, has followed through with plans to offer Android NFC phone users a way to pay fares with the agency’s TAP closed-loop fare card. Related stories, automatically selected: Los Angeles Transit Authority to Support Closed-Loop TAP Card in Both Apple […]
Android users will be able to read and write NFC tags straight from web apps with the release of Chrome 89, the upcoming version of Google’s web browser, next month. Support for Web NFC, an API that governs the exchange of NFC data exchange format (NDEF) messages between web pages and NFC tags, was built
Chrome browser adds support for NFC tags Read More »
More than four-fifths of the world’s central banks (86%) are engaged in “some form of work” on a central bank digital currency (CBDC), up from “about one third” in 2019, according to a Bank for International Settlements (BIS) survey. Some 60% are actively conducting experiments or proofs-of-concept and 14% are moving into development and pilot
Survey: Eight in ten central banks are now actively engaged in digital currency projects Read More »
Passengers on public transportation services in the US city of Los Angeles can now add their TAP transit card to their Android smartphone and make contactless fare payments on the LA Metro and 25 other TAP-enabled transit agencies across LA County. “By adding the TAP app on an Android device, riders can ‘tap and ride’,
LA Metro lets Android users add their transit card to their NFC phone Read More »
The UK’s Financial Conduct Authority (FCA) is proposing to increase the limit for single contactless payments in the country from £45 (US$62) to £100 (US$137) and the limit for cumulative contactless transactions from £130 (US$179) to £200 (US$274). It is also proposing to exempt consumers from strong customer authentication (SCA) if they access their account
FCA proposes increase in UK contactless spending limit Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – The CEOs of both Visa and Mastercard in their respective earnings calls yesterday confirmed that contactless payments continued to grow as a share of all face-to-face card payments, with consumer fears of handling cash building on already strong growth trends for the technology. Related stories, automatically selected: In-Depth:
Nearly one in two Americans (46%) are most likely or definitely interested in mobile payment options for public transit ticketing “for a safer mass transit journey”, a survey of consumers in 28 countries around the world has found. This compares with 50% of Israelis, 48% of UAE residents, 42% of Singaporeans and 36% of Hong
Survey reports on consumer attitudes to using mobile apps for transit ticketing Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – The Moscow Metro saw a large increase in contactless open-loop transactions in 2020, despite a sharp fall in ridership because of the Covid-19 pandemic, according to Roman Latypov, a first deputy CEO for the transit agency. Related stories, automatically selected: Transport for London Prepares for Major Fare-Collection System
Customers of Indian ecommerce giant Flipkart can now use SuperCoin reward points earned by shopping on the platform to make in-store purchases at retail outlets across the country by scanning a QR code at participating merchants. The new SuperCoin Pay service will enable users “to pay up to 100% of their bill value across 5,000+
Flipkart lets customers use reward points for in-store payments Read More »
At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports. The news comes as the mayors of both Beijing and Shanghai announce that the two first-tier cities plan to
Chinese banks launch mobile wallets that let customers transact in digital yuan Read More »
