NFC World

News from the NFC World journal

Malaysian government offers cash incentives to mobile payments users

“The claims for the e-Tunai Rakyat initiative kicked off today with Touch ‘n Go eWallet, Boost and GrabPay selected to be the service providers for the project… Malaysians aged 18 and above and who earn less than RM100,000 (US$24,533) annually will be eligible to receive RM30 (US$7.36) each through any of the participating e-wallets.” Read […]

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Visa to acquire Plaid in $5.3bn move into open banking and integrated payments

Visa is to acquire Plaid for US$5.3bn, in a move that CEO Al Kelly says “will put us at the epicentre of the fintech world, expanding our total addressable market and accelerating our long-term revenue growth trajectory”. Plaid “makes it easy for people to securely connect their financial accounts to the apps they use to

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Visa to let merchants accept contactless payments on Android NFC phones

Visa has unveiled Tap to Phone, a new software-only solution that enables merchants to accept contactless payments on Android NFC mobile phones, without the need for any additional hardware. The solution is currently undergoing pilot testing in seven countries with five more to be added “over the next several months”. “Today, billions of people expect

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