NFC World

News from the NFC World journal

Digital wallets to account for 52% of global ecommerce sales by 2023

Digital wallets will be used to pay for ecommerce transactions valued at more than US$3tn a year by 2023, a new study has found. Overall, the global eCommerce market will grow to US$5.9tn by 2023, the Worldpay from FIS 2020 Global Payments Report predicts, with digital/mobile wallets “set to be the online payment method of […]

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TfL signs £2m payments promotion deal with Google Pay

Google has agreed to pay Transport for London (TfL) £2m (US$2.56m) for the right to place Google Pay branding on all of London Underground’s 5,686 tap in/out card readers for a year. “Under the contract, TfL’s ‘obligations’ include removing the existing yellow covers on all 5,686 readers across the network, swapping them with Google’s labels

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Singapore to pilot hands-free transit ticketing

Singapore’s Land Transport Authority (LTA) has issued a tender inviting suppliers to design a hands-free ticketing solution that will enable commuters to access trains and buses without needing to physically tap their card or mobile phone. “According to tender documents, the system will use either radio frequency identification (RFID) or Bluetooth technology, with sensors built

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