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 »
The total value of euro banknotes in circulation rose during the Covid-19 pandemic from €1.3tn (US$1.5tn) at the end of 2019 to €1.4tn (US$1.7tn) at the end of 2020, the European Central Bank (ECB) reports. The “exceptionally high” year-on-year increase of 11% compares with a 5% annual growth rate over the past 10 years and
European Central Bank reports growth in demand for cash during pandemic Read More »
Passengers travelling on Delhi Metro Rail Corporation (DMRC) services in India can now top up their contactless AutoPe DMRC transit cards at the network’s automatic fare collection gates. To use the service, passengers first register their transit card on the AutoPe app or website and link it to their credit card, bank or UPI account
Delhi Metro lets passengers top up their transit cards at fare gates Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – The CIO of Italy’s largest public transit operator, ATAC SpA, said the Covid-19 pandemic has accelerated demand for open-loop contactless and mobile payments, but added that old habits are hard to break for customers and use of cash and paper tickets are still popular. Related stories, automatically selected:
Visitors to the Magic Kingdom theme park at the Walt Disney World Resort in Florida can now test a contactless biometric system that enables them to gain entry to the attraction by verifying their identity with their face. The park has introduced a “facial technology test lane” where participants first scan their valid park admission
Disney pilots face recognition for entry to Magic Kingdom theme park Read More »
