NFC World

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 […]

JCB has launched Tap on Mobile, a contactless payments acceptance solution that uses off-the-shelf Android NFC devices to enable its acquirers to offer “a cost-effective payment solution to their merchants”. “Aimed at driving greater contactless acceptance among JCB acquirers worldwide, JCB has developed the Tap on Mobile programme which will be used to govern all

“Apple Pay is now available for Westpac customers with an eligible Mastercard debit or credit card, or eftpos Handycard… Debit card holders can now choose the payment option linked to their card when they pay with Apple Pay, including ‘Mastercard Debit’, ‘eftpos CHQ’ and ‘eftpos SAV’.” Read the rest of Westpac goes live with Apple

LG CNS is piloting a new payments solution that combines face recognition, a blockchain-based digital currency and AI technology to let shoppers enter an unmanned store, shop and check out — without needing to come into close contact with either employees or POS equipment. The pilot is taking place at a convenience store located within

The increase in the UK contactless transaction limit from £30 (US$37.50) to £45 (US$56.25) has resulted in 43% of in-store transactions valued at between £30 and £45 now being made via contactless payments, Barclaycard reports. “This is expected to increase as public awareness of the new limit grows, and as more businesses implement the technology

“Digital wallet (Apple Pay and Google Pay) spend now accounts for 37% of all in-store transactions by those who are under 25… Contactless using a debit card is the most popular choice of in-store payment method among all age cohorts, except those under 25 where it accounts for 28% of spend.” Read the rest of

“Users of code payment services Kakao Pay and AlipayHK, in addition to Alipay, will be able to complete payments using QR codes provided by PayPay merchants anywhere in Japan as of the 27th of April.” Read the rest of PayPay to let Japanese merchants accept payments from Korean and Hong Kong mobile wallets at NFCW.

“It is now clear that the Covid-19 crisis has significantly reduced the capacity available to progress SCA development and implementation… The signatories therefore call on the European Commission and the EBA to consider appropriate additional measures and coordination to assist in the smooth transition to SCA in all EU Member States equally. In the light

“The technology recognises electronic NFC (near field communication) tags on the production equipment and the inspection data is transmitted from smartphones to the database via WiFi… The technology was piloted at the Berezniki-4 plant in Russia’s Perm region, and the system is now being introduced across all of the company’s plants.” Read the rest of

“Starbucks and McDonald’s are reportedly among 19 restaurants and retail shops that will be involved in testing China’s central bank digital currency in the country’s Xiong’An new district, a local news outlet reported on Thursday, citing a government document. The move signals China’s wider efforts to test the digital currency project, with state-owned commercial banks