The Reserve Bank of India (RBI) is to raise the limit for contactless card transactions from Rs2,000 (US$27) to Rs5,000 ($67.67) from 1 January 2021, an increase of 150%. “Contactless card transactions and e-mandates on cards (and UPI) for recurring transactions have enhanced customer convenience in general while benefitting from increased use of technology,” RBI […]
India increases contactless limit by 150% Read More »
Consumers in South Africa with compatible smartphones can now use Huawei Pay to make mobile payments by scanning QR codes compatible with the Zapper scan-to-pay payments platform. “Huawei Pay was built in partnership with Zapper and uses the Huawei Wallet app to store funds,” Huawei says. “Money can be deposited into your Huawei Wallet using
Huawei Pay expands to South Africa Read More »
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
7-Eleven launches mobile wallet that customers can load with cash in stores Read More »
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
Dutch regulator launches antitrust investigation into NFC payment apps Read More »
Apple Pay is due to roll out in Mexico “very soon”, according to the payments service’s Mexican website. A video posted by a Twitter user also reveals code on the website’s landing page indicating that Apple Pay will launch in Mexico with support from Banregio, Hey Banco, Inbursa and CitiBanamex banks, as well as a
Apple Pay to go live in Mexico “very soon” Read More »
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:
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
A single global retail central bank digital currency (CBDC) and a single global 24/7 payment system could be an “optimum solution” as the basis for a new payment model “enhancing market discipline and fairness to all stakeholders”, according to a new paper. In ‘Principles for a global central bank digital currency and a single global
Economists propose single global digital currency Read More »
KNOWLEDGE CENTRE: A new generation of software-only solutions that let merchants accept contactless payments on standard NFC smartphones and tablets will “transform digital payment acceptance and consumers’ checkout experiences in stores,” Dejamobile explains in a new white paper now available to download from the NFCW Knowledge Centre. ‘Driving wider adoption of digital payments at the
PARTNER NEWS: Antelop Solutions has launched a new SDK that lets banks quickly and easily provide their customers with a way to use their mobile phone as a trusted, multi-factor authentication device that complies with strong customer authentication (SCA) requirements under PSD2. The new Antelop SCA SDK natively manages a variety of customer authentication methods
Antelop launches secure customer authentication SDK Read More »
