NFC World

“The Libra project will now focus on creating a more traditional payment network in which coins will be tied to a local currency, somewhat like the digital dollars in a PayPal account. While Libra will also have a coin backed by multiple national currencies, which was the focus of the initial design documents, that will […]

Leaked screenshots of a new Google Pay debit card, to be issued by banks partnering with the search engine giant for its planned move into the US banking market, include mention of an option to use a digital version of the card “for Bluetooth mobile payments”. Google has partnered with Stanford Federal Credit Union and

The contactless transaction limit in France will be increased from €30 to €50 from 11 May, the date set by the French government for the country’s strict coronavirus lockdown to begin to be lifted. The increase in the limit has been announced by the French Banking Federation (FBF) and is expected to be gradually phased

KNOWLEDGE CENTRE: Convenience, consumer choice, and the ability to use contactless payments for public transportation hold the key to driving the mass market adoption of wearable payments in urban environments, Timex, Mastercard and Tappy explain in a panel discussion which is now available to watch free of charge in the NFCW Knowledge Centre. The discussion

The government of Macau is stimulating the local economy by distributing contactless smartcards to residents that come pre-loaded with a credit of 3,000 patacas (US$377.43) that must be spent in local stores by the end of July. Residents can use the cards to spend up to 300 patacas (US$37.74) a day — and will then

Commuters in 275 Chinese cities can now add their T-Union public transportation card to their iPhone or Apple Watch and then use their smartphone or wearable to tap in and out of bus and subway services without the need to first validate the transaction using Face ID, Touch ID or a passcode. The move marks

Digital wallet transactions grew 17% in March 2020, outpacing the average monthly compound growth rate of 6.7% over the past six months, Commonwealth Bank of Australia (CBA) reports. Digital wallet transactions include those made by its own CBA Tap & Pay service as well as Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin

New Zealand is to progressively roll out a temporary increase in the country’s contactless transaction limit “over the coming days and weeks” — but customers of two banks will miss out “due to technology constraints” unless they order a new card or make use of mobile payments. The move will see the contactless transaction limit

The contactless transaction limit in Switzerland and Liechtenstein is to be temporarily increased from 40 francs (US$41.60) to 80 francs (US$83.21) “in order to protect customers”. The increase will be applied by Visa, Mastercard and American Express “as well as all card issuers and service partners in Switzerland,” Postfinance, the financial services division of Swiss

Customers of Starling Bank are now able to request an additional, specially restricted payment card that can be given to a friend, family member or volunteer shopper “to buy essential items on their behalf”. “The Connected card has been designed to help personal account customers who are self-isolating during the coronavirus emergency and are relying