NFC World

News from the NFC World journal

Visa to provide merchants with ‘Tap to pay preferred’ decals to promote contactless payments in stores

Visa has unveiled a series of ‘tap to pay preferred’, ‘we are now cashless’, ‘how to pay contactless’ and ‘tap to pay encouraged’ decals, POS terminal stickers and toppers, table tents and mats to promote the use of contactless payments in stores. Both branded options and brand-agnostic options are being made available. As well as

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Mastercard reports 40% growth in contactless transaction volumes

“We have seen over 40% growth in contactless transactions worldwide in the first quarter,” Mastercard president Michael Miebach has revealed, with “more than half of new tappers saying they will continue to use contactless once this pandemic is over.” “In our conversations with banks, we see a renewed commitment to accelerate the issuance of new

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Safaricom partners with Visa for M-Pesa digital payments

“The partnership will cover over 24 million M-Pesa customers, more than 173,000 Lipa Na M-Pesa merchants from Safaricom and more than 61m merchant locations throughout Visa’s global network, and over 3.4bn Visa cards in more than 200 countries and territories, subject to regulatory approval.” Read the rest of Safaricom partners with Visa for M-Pesa digital

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MBTA redesigns its new ticketing system ‘to adapt to future needs’

The Massachusetts Bay Transportation Authority (MBTA) is to spend an additional US$212.1m on its new transit ticketing infrastructure, to enable support for a range of new options including the ability to integrate ferry and local rail services and to charge riders different fares depending on the time of day they travel. The increase in the

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Central banks increase contactless transaction limit in UAE, Bahrain and Kuwait

Central banks in the UAE, Bahrain and Kuwait have all increased the contactless transaction limits in their country, in a bid to combat the spread of Covid-19. In the UAE, the limit has been increased from 300 dirhams (US$81.68) to 500 dirhams (US$136.13). In Kuwait, it has risen from 10 dinars (US$32.29) to 25 dinars

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