The contactless transaction limit in France will be increased from €30 to €50 from 11 May, the date set by the French government for the country’s strict coronavirus lockdown to begin to be lifted. The increase in the limit has been announced by the French Banking Federation (FBF) and is expected to be gradually phased […]
France to raise contactless transaction limit to €50 Read More »
KNOWLEDGE CENTRE: Convenience, consumer choice, and the ability to use contactless payments for public transportation hold the key to driving the mass market adoption of wearable payments in urban environments, Timex, Mastercard and Tappy explain in a panel discussion which is now available to watch free of charge in the NFCW Knowledge Centre. The discussion
Timex, Mastercard and Tappy report on the role of wearable payments in urban mobility Read More »
The government of Macau is stimulating the local economy by distributing contactless smartcards to residents that come pre-loaded with a credit of 3,000 patacas (US$377.43) that must be spent in local stores by the end of July. Residents can use the cards to spend up to 300 patacas (US$37.74) a day — and will then
Macau distributes stimulus spending via prepaid smartcards Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – Government legislation will likely be needed for widespread adoption of Mobility-as-a-Service, or MaaS, to occur, according to UK-based Juniper Research, which believes that the regulations will be necessary to force MaaS providers, including transit service providers, to work together, as well as to persuade users to get out
Commuters in 275 Chinese cities can now add their T-Union public transportation card to their iPhone or Apple Watch and then use their smartphone or wearable to tap in and out of bus and subway services without the need to first validate the transaction using Face ID, Touch ID or a passcode. The move marks
Apple Pay Express Transit payments roll out to 275 cities across China Read More »
Digital wallet transactions grew 17% in March 2020, outpacing the average monthly compound growth rate of 6.7% over the past six months, Commonwealth Bank of Australia (CBA) reports. Digital wallet transactions include those made by its own CBA Tap & Pay service as well as Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin
Commonwealth Bank reports surge in digital wallet transactions Read More »
New Zealand is to progressively roll out a temporary increase in the country’s contactless transaction limit “over the coming days and weeks” — but customers of two banks will miss out “due to technology constraints” unless they order a new card or make use of mobile payments. The move will see the contactless transaction limit
New Zealand raises contactless limit by 150% Read More »
The contactless transaction limit in Switzerland and Liechtenstein is to be temporarily increased from 40 francs (US$41.60) to 80 francs (US$83.21) “in order to protect customers”. The increase will be applied by Visa, Mastercard and American Express “as well as all card issuers and service partners in Switzerland,” Postfinance, the financial services division of Swiss
Switzerland and Liechtenstein double contactless payments limit Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – Apple on Wednesday expanded support for closed-loop transit payments across China, incorporating China’s T-Union interoperable transit cards in its Apple Pay service. Related stories, automatically selected: Samsung Deal with Alipay in China Angered UnionPay; Device Maker Gears Up to Enable Transit Ticketing In-Depth: China Moving Forward On Face
Customers of Starling Bank are now able to request an additional, specially restricted payment card that can be given to a friend, family member or volunteer shopper “to buy essential items on their behalf”. “The Connected card has been designed to help personal account customers who are self-isolating during the coronavirus emergency and are relying
Starling Bank adds connected cards for volunteer shoppers Read More »
