NFC World

News from the NFC World journal

Egypt promotes cashless payments with increased contactless transaction limit, free prepaid cards and mobile wallets

The Central Bank of Egypt (CBE) has introduced a series of measures designed to reduce the need for citizens to use cash to make payments, including a doubling of the contactless payment transaction limit and free access to both prepaid card and mobile wallet services. The contactless payment limit is being doubled from E£300 (US$19.05) […]

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Norwegian banks increase domestic contactless card transaction limit

Norway is increasing the transaction limit for BankAxept domestic contactless debit card payments from 400 kr (US$34.28) to 500 kr (US$42.84) “in order to minimise the number of physical touch points where infection can be transmitted”. “The change comes into effect as of today, and is out in the biggest chains and pharmacies over the

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Turkey to double contactless limit as transaction volumes soar

Contactless transaction limits are to more than double from 120 Turkish lira (US$18.29) to 250 lira ($38.11), Soner Canko, chair of the Turkish Interbank Card Center (BKM) has announced. “In the first 11 days of March, when the coronavirus outbreak knocked on Turkey’s door, the rate of using contactless payment methods via cards and smartphones

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Desjardins increases contactless limit for Canadian credit cardholders

Canadian financial services group Desjardins has increased the contactless transaction limit from C$100 (US$69.72) to C$250 ($174.31) “on Desjardins terminals for Desjardins credit cardholders.” “Desjardins credit cardholders can take advantage of the temporary increase in pharmacies, grocery stores and convenience stores,” the company says. “The change will affect a total of 6,000 merchants.” “Depending on

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National Bank of Georgia recommends contactless and mobile payments

“Whenever possible, use cashless payments, contactless and mobile payments,” Georgia’s central bank has urged the country’s citizens. “Since any item, including money, can be contaminated with bacteria or viruses, the National Bank of Georgia urges residents to follow the recommendations of the World Health Organization and the National Center for Disease Control of Georgia when

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ANZ waives contactless debit card fees for small businesses in New Zealand

ANZ is to provide free contactless debit transactions “for eligible small business customers” in New Zealand until 30 June, the bank has announced. The move is part of a package of measures to support small businesses and promote contactless payments during the Covid-19 crisis. There is “more support for small businesses to come,” the bank

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