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Ecommerce businesses in 23 of the world’s poorer nations have seen “a notable increase” in digital payments as a result of the Covid-19 pandemic, according to a report by the United Nations Conference on Trade and Development (UNCTAD). Nearly two-thirds (64%) of ecommerce businesses surveyed reported changes in payments methods since the beginning of the […]

Owners of small and medium-sized businesses (SMEs) in the UAE can now accept contactless payments on standard Android NFC smartphones, with no need for additional hardware. Mashreq Bank is using Mastercard’s Tap On Phone mPOS technology to enable merchants to turn their own smartphone into a secure acceptance device for payments made with a contactless

Residents of the United Arab Emirates can now make in-app and in-store NFC and QR code-enabled contactless payments, international remittances, utility bill payments and P2P financial transfers and apply for instant credit using a single mobile payments app. Emirates Payment Services developed and launched the Empay app within the UAE’s Smart Government framework, and describes

Drivers of Hyundai’s Genesis GV70 SUV will be able to make in-car payments for fuel and parking simply by touching a biometric sensor integrated with the vehicle’s infotainment system. The feature will enable drivers to complete payments using the Genesis CarPay in-car digital payments system “by authenticating their fingerprints with a fingerprint sensor applied at

The central role traditionally played by banks in the European payments ecosystem “may be coming under challenge” as some specialist payments providers reach double-digit growth rates in payment revenues, according to a report jointly published by the Euro Banking Association and McKinsey & Company. ‘The future of European payments: Strategic choices for banks’ shows that

Users of Payconiq-supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries. The expansion of the cross-border payments service follows the integration of the Luxembourg-based Digicash by Payconiq app into “the first interoperable mobile payment platform in Europe” alongside other Payconiq-enabled

SBI Card Mastercard holders in India can now make NFC payments at any contactless point-of-sale terminal from their mobile device after registering their credit card on the latest version of the payment service’s app. Once a card is registered, users can complete payments of less than India’s contactless transaction limit of INR2,000 (US$26.94) simply by

Frequent flyers with All Nippon Airways (ANA) will soon be able to make in-store purchases and accumulate air miles by using a QR code-enabled mobile payments service that the Japanese airline is to launch “amid shrinking travel demand due to the coronavirus outbreak,” Japan Today reports. “ANA will join a growing number of companies in

Food and beverage suppliers, mobile florists, couriers and other small business owners in Germany, France, Italy, Spain and the UK can now use their FordPass Pro connected vehicle app to accept card payments from their customers. The payments solution allows drivers to accept both contactless and chip-and-pin debit and credit card payments through a marketplace

The Central Bank of Iceland (CBI) has implemented a new real-time gross settlement system (RTGS) and instant payment platform that will allow it to manage up to 5m interbank, P2P, P2B and B2B payments a day. The introduction of the platform will mean “each transaction is on average processed in less than 40 milliseconds,” according