Residents of Antigua and Barbuda, Grenada, Saint Lucia and St Kitts and Nevis can now pay for goods and services and make peer-to-peer money transfers from their smartphones using the East Caribbean Central Bank’s DCash central bank digital currency (CBDC). To use the digital currency, consumers first sign up to DCash via participating banks and […]
East Caribbean Central Bank launches digital currency Read More »
Consumers may soon be able to collect rewards at smart recycling points and kerbside collections for recycling plastic bottles and other reusable packaging fitted with NFC labels that uniquely identify each item. The NFC-enabled digital identification technology will work alongside conventional deposit return and recycling schemes with the aim of encouraging more consumers to recycle
Developers adopt NFC tags to encourage plastic recycling Read More »
Customers of all six state-owned Chinese banks can now apply for test versions of the banks’ digital yuan wallets as the country rolls out the next phase of its central bank digital currency (CBDC) pilot programme in the city of Changsha. The expanded trials come as the People’s Bank of China (PBOC) also clarifies its
Chinese banks roll out digital yuan wallets Read More »
The number of registered mobile money accounts globally grew by 13% in 2020 to reach a total of more than 1.2bn, according to research by the GSMA. The association’s State of the Industry Report on Mobile Money also shows that the monthly value of mobile money payments worldwide reached US$70bn in December 2020, with 29%
GSMA reports ‘dramatic acceleration’ in mobile money transactions Read More »
By: Dan Balaban NFC Times Exclusive Insight – A trial to be held later this year in Australia’s largest city, Sydney, if it proves successful, could offer one example for how agencies can encourage customers to take multimodal transport combining public and private operators. The economics behind the New South Wales government’s trial offer are unclear,
The Bank of Thailand and the State Bank of Vietnam have launched an interoperable cross-border payments system that will enable Thai visitors to Vietnam and Vietnamese visitors to Thailand to make QR code-based payments for goods and services using their mobile banking app. At launch the service will support transactions made in either country by
Thai and Vietnamese central banks roll out cross-border QR payments Read More »
Consumers in Australia can now make payments for in-store purchases using a digital card issued by buy now, pay later (BNPL) service Afterpay that lets them automatically pay for their purchases in four equal instalments. To use the service, consumers download the digital Afterpay Card, add it to Apple Wallet or Google Pay on their
Afterpay launches virtual card for ‘buy now, pay later’ in-store purchases Read More »
Visa has become the first major payments network to settle a transaction with an issuing or acquiring partner by exchanging funds in digital currency rather than in traditional fiat currency. The pilot transaction with the Crypto.com cryptocurrency platform was settled using USD Coin (USDC) — a stablecoin backed by the US dollar — over open-source
Visa settles first transaction in digital currency Read More »
Apple Pay has rolled out in South Africa with support for Visa cards issued by Absa and Discovery Bank and for Visa, Mastercard and American Express cards issued by Nedbank. Apple Pay has now added the three South African banks to the list of banks and payment cards it supports, and “by midday on Tuesday
Apple Pay goes live in South Africa Read More »
Commuters in Sydney, Australia, will soon be able to use a digital version of their Opal transit card to pay for taxi fares and rideshare services and earn credit towards the cost of public transportation services they then transfer to. The 10,000 Opal cardholders trialling the multi-modal incentive scheme will be able to pay for
Sydney integrates digital Opal card with rideshare services Read More »
