NFC World

“Biometric authentication will be used to secure US$2.5tn worth of mobile payment transactions by 2024, an increase of almost 1,000% on the US$228bn expected to be transacted through the method by the end of 2019.” Read the rest of Juniper forecasts 1,000% increase in use of biometrics to secure mobile payments at NFCW.

“Any customer who possesses a Smart Octopus issued before 1 October 2019 or an Octopus product issued before 1 December 2019 can upgrade the stored value limit from HK$1,000 (US$127.75) to HK$3,000 (US$383.26) via Octopus App or at any Octopus Service Point. Once the stored value limit has been upgraded, customers can also make payment

The volume of transactions made using wearable devices has seen an eightfold increase in Europe over the past 12 months, Mastercard reports, while Australia tops the list of countries where most wearable payments are now being made. A third of all wearable transactions in Europe (33%) are made in the Netherlands, followed by the UK

“Customers in Hong Kong can initiate cash withdrawal instructions on their mobile phones by using the Hang Seng Personal Banking mobile app and then collect their cash at the nearby Hang Seng ATM… At launch, all Hang Seng ATMs will support QR code cash withdrawals and over half will support both QR code and NFC

“Paying for journeys on Transport for London is easier with Express Mode for Apple Pay. You don’t need to authenticate your payment with Face ID or Touch ID. Simply tap your iPhone or Apple Watch on the yellow card reader and go.” Read the rest of Apple Pay Express Mode rolls out across London at

“Juniper Research forecasts that mPOS (Mobile Points of Sale) transaction values will exceed US$1.9tn by 2024, up from $850bn in 2019. This growth will be driven by service adoption from new business users, including pop-up stores and street vendors, for whom the acceptance of card payments was previously inaccessible.” Read the rest of Juniper forecasts

PARTNER NEWS: Iceland’s Arion Bank has added NFC mobile payments to its mobile banking app — a key step, the bank has told What’s New in Payments, towards achieving its goal of ensuring the app’s status as the country’s leading all-in-one mobile financial service. The bank is using Dejamobile’s ReadyToTap Payments platform to add NFC

“The ability to make transactions through the Russian system will simplify payment transactions for customers of companies that offer products or services in the Russian market and, as a result, increase their turnover. For the UK, which will be the first launch country, the Mir payment system opens up access to the Russian consumer market.”

“Discover cardmembers can now use their Cashback Bonus or Miles to pay for purchases at millions of online stores through PayPal… Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout.” Read the rest of Discover lets cardholders pay with points at PayPal

“Billionaire Jack Ma’s Ant Financial is planning to raise about US$1bn for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said. The internet finance company is looking to back more startups in those regions that