NFC World

News from the NFC World journal

European Commission opens preliminary investigation into Visa’s staged digital wallet rules

The European Commission has opened a preliminary investigation into Visa’s rules regarding staged digital wallets, the payments network has revealed in a note added to its latest quarterly filing. “On June 26, 2020, the European Commission (‘EC’) informed Visa that it has opened a preliminary investigation into Visa’s rules regarding staged digital wallets and issued […]

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Bermuda trials digital stimulus token to distribute financial aid to citizens’ mobile phones

Residents and retailers in Bermuda are taking part in a pilot to test the viability of a “digital stimulus token”, which the Bermudan Government hopes to use to distribute financial aid more efficiently and to facilitate the purchase of food and other essential items during and beyond the Covid-19 pandemic. “The tokens are sent to

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Vipps signs deal with Visa to make its mobile wallet platform available to card issuers across Europe

Visa’s client banks and card issuers across Europe will be able to use a platform developed by Norwegian payments app Vipps to launch their own mobile wallets, following a strategic partnership deal signed by the two companies. “The partnership between Visa and Vipps will provide banks and card issuers with a mobile wallet that is

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Metrolinx adds mobile ticketing option for occasional public transport users in the Greater Toronto area

Visitors to Canada’s Greater Toronto area and other occasional users of Metrolinx’s Durham Region Transit (DRT) and Hamilton Street Railway (HSR) buses can now purchase, store and activate tickets on their smartphone without having to use cash or buy a Presto transit card as part of a project to give passengers more contactless and mobile

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NPCI creates new company to take India’s UPI and RuPay global

The National Payments Corporation of India (NPCI) has announced the launch of subsidiary firm NPCI International Payments Limited (NIPL) with the aim of exporting its Unified Payments Interface (UPI) real-time mobile payments service and RuPay domestic payment card scheme to global markets. “The growth and evolution of NIPL will result in a huge acceptance network

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Giant Eagle installs checkout-free technology at GetGo Café+Market store

US supermarket chain Giant Eagle has installed checkout-free technology at a GetGo Café+Market store in the Greater Pittsburgh area, enabling customers to simply walk into the store, select the items they wish to purchase and checkout via their mobile phone. To use the service, shoppers download an iOS or Android app from technology provider Grabango

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