“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

Kenya’s National Transport and Safety Authority has issued a tender for a new vehicle identification system that will combine hybrid NFC/RFID windscreen stickers with a mobile app running on standard NFC smartphones to provide police and other agencies with “quick and reliable information on vehicles and their corresponding owner”. The tender document calls for an

Internal closed pilot tests of the central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) are to be conducted in Shenzhen, Suzhou, Xiong’an New District, Chengdu, and at Beijing 2022 Winter Olympics locations, China’s central bank has revealed. The goal of the trials will be “to continuously optimise and Improve the

“The Libra project will now focus on creating a more traditional payment network in which coins will be tied to a local currency, somewhat like the digital dollars in a PayPal account. While Libra will also have a coin backed by multiple national currencies, which was the focus of the initial design documents, that will

Leaked screenshots of a new Google Pay debit card, to be issued by banks partnering with the search engine giant for its planned move into the US banking market, include mention of an option to use a digital version of the card “for Bluetooth mobile payments”. Google has partnered with Stanford Federal Credit Union and