NFC World

Visa has made “a financial injection” in Lisnr, a US startup that is using ultrasonic data transmission as an alternative to NFC and QR codes for mobile payments. “This is a single technology that can live across touchpoints like scan-and-go, store pickups, pay zones, point of sale, at home with e-commerce, and even voice-enabled purchases,” […]

Tencent, the owner of Chinese mobile payments provider WeChat Pay, has announced that it is working with Visa, Mastercard, American Express, Discover and JCB to enable cardholders to connect their payment cards to WeChat Pay and then use the platform to make mobile payments when visiting China. “This partnership means that we’ll be working towards

The Salvation Army is adding NFC chips to all 25,000 of its iconic Red Kettles for its Christmas 2019 fundraising campaign, enabling shoppers to simply tap their Apple or Android NFC phone to make a donation to the charity. The Salvation Army is providing fundraisers across the USA with NFC tags and stickers printed with

Greater Toronto area public transportation agency Metrolinx “is to start testing an open payment function on its Presto fare-card system as early as next year,” the Toronto Star reports. “We are very excited about an open payment trial that will start somewhere during 2020, that is going to start open payments on Presto,” Metrolinx CEO

Discover is to begin issuing contactless payment cards “for most” of its Discover It and Discover More cardmembers “who need cards reissued or replaced” this month and, from December, will start issuing contactless cards to new Discover cardholders. “Contactless technology has become increasingly popular with our cardmembers and more accepted by merchants worldwide, and we

Tourists visiting China can now use a version of Alipay designed specifically for international travellers to make mobile payments during their trip, Alipay has announced. “Starting immediately, visitors can download Alipay for both iOS and Android devices, and register for the International Version of the app with their overseas mobile phone number to access the

“My goal is to guide the NFC Forum in a slight pivot to increase focus on doing whatever is necessary to enable NFC technology to deliver a consistently positive user experience, however it is used,” Mike McCamon, the new executive director of the NFC Forum, has told NFC World. “Over the last 15 years the

A new open banking system which is set to cut transaction fees by 90% has now entered pilot testing, Korea’s Financial Services Commission (FSC) has announced. “During the pilot-run period, the government will conduct a comprehensive assessment of the system and make adjustments if necessary before opening the system to fintech firms on December 18,”

“UPI has had the fastest acceptance rate not just among payment platforms but digital platforms of any kind,” Dilip Asbe, chief executive officer of the National Payments Corporation of India, has told Bloomberg. “We aim to expand the UPI [Unified Payments Interface] base to 500 million users in the next three years,” he added. Read

“There were 16bn payment cards in circulation at the end of 2018, up by 10% since a year earlier… The largest scheme worldwide is UnionPay, which accounted for 45% of cards in circulation at the end of 2018… Visa (including Visa, Visa Electron, V Pay and Interlink) made up 20% of the world’s cards… Mastercard