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PBOC to trial online and offline payment functions in second digital yuan red envelope giveaway

The People’s Bank of China (PBOC) is to enable participants in the next phase of its central bank digital currency (CBDC) pilot to test for the first time the use of digital yuan for making both online purchases and touch-based in-store offline payments. PBOC’s second digital yuan ‘red envelope’ lottery giveaway will see the bank

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7-Eleven launches mobile wallet that customers can load with cash in stores

Customers in 7-Eleven convenience stores across the USA can now make contactless payments at the checkout using a mobile wallet that the retail giant has added to its 7-Eleven app. “7-Eleven Wallet customers can securely load funds to use upon checkout using cash, debit and credit cards, Apple Pay, Google Pay and prepaid 7-Eleven gift

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Dutch regulator launches antitrust investigation into NFC payment apps

The Netherlands Authority for Consumers and Markets (ACM) has opened an investigation into whether companies such as Apple are in breach of competition rules if they limit the access payments apps have to a smartphone’s NFC chip and restrict a user’s choice of contactless in-store payment method on that device. “The software on some smartphones

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Taiwan’s Dominant Fare-Collection Service Struggles to Stay Competitive in Changing E-Payments Landscape

By:  Dan Balaban NFC TIMES Exclusive Insight – EasyCard Corp. remains the dominant contactless stored-value card in Taiwan, boasting of market shares above 70% in transit fare payments and retail transactions nationally amid competition from three other contactless closed-loop cards that vie for transit and low-value retail transactions across the island nation. Related stories, automatically selected: 

Taiwan’s Dominant Fare-Collection Service Struggles to Stay Competitive in Changing E-Payments Landscape Read More »

Insight: Taiwan’s Dominant Fare-Collection Service Struggles to Stay Competitive in Changing E-Payments Landscape

By:  Dan Balaban NFC TIMES Exclusive – EasyCard Corp. remains the dominant contactless stored-value card in Taiwan, boasting of market shares above 70% in transit fare payments and retail transactions nationally amid competition from three other contactless closed-loop cards that vie for transit and low-value retail transactions across the island nation. Related stories, automatically selected:  Samsung's

Insight: Taiwan’s Dominant Fare-Collection Service Struggles to Stay Competitive in Changing E-Payments Landscape Read More »