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The governments of Hong Kong and Macau are to stimulate consumer spending by distributing digital payment vouchers that residents can store in their mobile wallets or on a prepaid smartcard and then use to make purchases from retailers and other local businesses. The digital vouchers are being introduced as part of plans in both territories […]

Customers of Emirates NBD bank in the United Arab Emirates can now earn entries to a prize draw for luxury items whenever they make a contactless payment with their credit or debit card, mobile wallet or payments-enabled wearable device. Winners in the bank’s ‘Get Together. Go Contactless’ promotion will get the chance to buy items

The Central Bank of Russia will build a prototype central bank digital currency (CBDC) by December 2021 using a two-tier structural model unveiled by bank representatives at a press conference. The announcement comes after the publication of a consultation paper on the possible introduction of a digital ruble that outlines the key stages of the

EXHIBITOR NEWS: Fidesmo is rolling out its Fidesmo Pay wearable payments service in Russia with support from eight of the country’s leading banks, enabling their customers to upload their bank cards to NFC-enabled wearables and use them to make contactless payments. At launch, Fidesmo Pay will be available to customers of Gazprombank, Post Bank, Credit

Google Pay users in the US can now earn a US$30 reward by completing actions including making NFC tap-to-pay transactions, paying or referring friends, and redeeming cashback offers during a 10-day promotion. The payment service’s Spring Challenge lets users earn “spring stamps” for performing specific tasks that are detailed and updated in a “how to

Apple has applied for a patent for a user authentication framework that would allow users to store digital identity documents such as their passport, driving licence and national ID card and present them for verification on their NFC-enabled iPhone or other mobile device. The application filed with the US Patent and Trademark Office (USPTO) lays

The number of consumers using software-based facial recognition to authenticate payments worldwide will reach 1.4 billion by 2025, up from 671 million in 2020, according to a forecast by Juniper Research. The analysts say that the predicted growth “demonstrates how widespread facial recognition has become; fuelled by its low barriers to entry, a front-facing camera

Students and staff at Long Island University in New York State in the US can now gain entry to campus facilities and make purchases at on-campus food outlets and other stores by tapping a digital identity card stored on their NFC-enabled Apple or Android device. “Members of the campus community can now add their MyLIU

The US state of Utah is to pilot a mobile driving licence (mDL) that will enable drivers to provide digital proof of their identity, licence status and age by tapping their mobile device on an NFC reader or by showing a QR code for scanning. Holders of the Utah mDL will be able to use