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CASHLESS NATION: Singaporeans most commonly use contactless cards for convenience store shopping More than eight in ten consumers in Singapore now use contactless cards (82%) and the widespread use of and preference for contactless card payments is one of the key drivers behind the country’s “shift towards becoming a cashless nation”, according to a Visa […]

The total annual value of transactions made using central bank digital currencies (CBDC) will exceed US$213bn by 2030, up from US$100m in 2023, according to a Juniper Research forecast. The forecast also predicts that the percentage of the total transaction value accounted for by domestic CBDC payments will fall from “almost 100% during the current

CONTACTLESS: Wearables are gaining traction as a method of making in-store digital payments in Italy Consumers in Italy used their smartphones or wearable devices to make in-store contactless payments worth a total of €16.3bn (US$17.5bn) in 2022, an increase of 122% compared with 2021, according to the Innovative Payments Observatory (IPO) at Milan Polytechnic University.

DIGITAL PILOT: Citizens will receive benefits and be able to make NFC and QR code payments for eligible purchases on their mobile device The US Department of Agriculture (USDA) is to enable citizens entitled to financial support under its Supplemental Nutrition Assistance Program (SNAP) in Illinois, Louisiana, Massachusetts, Missouri and Oklahoma to receive benefits and

DIGITAL PAYMENTS: Egyptian consumers should soon be able to use digital debit and credit cards stored in mobile wallets on their NFC devices to make contactless payments The Central Bank of Egypt (CBE) has issued regulations governing payment card tokenization on mobile apps that enable banks and payment service providers to allow customers to make

PAYMENT OPTIONS: The survey shows a strong preference for contactless payment for travel on public transport More than four in ten transit passengers worldwide say that tapping their own debit or credit card to make open loop contactless fare payments is their preferred fare payment option (42%), followed by tapping a card stored in their

ECONOMIC METAVERSE: The ‘multi magic passport’ enables consumer avatars to authorise payments A consortium of Japan-based financial services and technology providers is to develop a ‘metaverse economic zone’ where consumers will be able to create a digital twin or ‘auto learning avatar’, access digital experiences and authorise payments to merchants and service providers with a

IN-CAR TRANSACTIONS: Drivers can pay using a Visa debit or credit card via the Mercedes Pay+ platform Mercedes drivers in Germany can now authorise in-car payments for digital services and on-demand hardware upgrades using a fingerprint sensor on their vehicle’s dashboard without needing to enter a PIN or use an additional mobile device to verify

The UK government has laid out proposals for establishing a framework for the use of trusted and secure digital verification services that will allow consumers to create certified digital identities for use across a range of use cases. The proposals include: The preparation and publication of rules concerning the provision of digital verification services (DVS).

VISUAL: Cilab’s shmoo plot feature can now analyze and visualize a device’s RF field to show any dead spot areas — in just 10 minutes PARTNER NEWS: NFC testing innovator Cilab has added a feature to its high speed tester that enables NFC terminal manufacturers to quickly and easily test a device’s RF field by