Alipay sets out plan for open financial services platform

Chinese mobile payments giant Alipay has announced a three-year plan to evolve its current offering into an open financial services and digital lifestyle platform — and has set a target of attracting 40m service providers by 2030. “The plan marks a major milestone as Alipay continues to strengthen its positioning in China, evolving from a […]

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OEM Pay transaction volumes to exceed $1tn a year by 2024

Consumers will use payments services provided by smartphone makers and other original equipment manufacturers (OEMs) to make transactions valued at more than US$1tn a year by 2024, up from US$333bn in 2020, according to Juniper Research. Apple Pay, China and the adoption of contactless payments for transit ticketing will be the key drivers of the

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Wells Fargo offers $5 credit to customers who use their smartphone to make an ATM withdrawal

Wells Fargo is running a promotion that lets selected cardholders receive a US$5 credit when they use their smartphone to make a cash withdrawal at one of the US bank’s contactless ATMs. “In order to claim the $5 statement credit, simply go to a Wells Fargo ATM, tap with Apple Pay (or another digital wallet)

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Helsinki Regional Transport begins contactless payments rollout

Helsinki Regional Transport has begun the rollout of EMV contactless payments across the Finnish capital’s rail, bus and ferry network. “Work on this deployment begins immediately, starting with a flat-fare pilot for the city’s ferry route,” technology supplier Littlepay says. “Rollout to rail and bus, and the introduction of fare capping, will follow.” Read the

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Amazon to sell its cashierless store technology to other retailers

Amazon is making the cashierless store technology it uses in its Amazon Go stores available to other retailers under a new Just Walk Out brand name. “With Just Walk Out, Amazon provides retailers with proven technology that has operated with high reliability and accuracy for years in our stores,” the ecommerce giant says. “Now, we’re

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Helsinki to Roll Out Multimodal Contactless EMV Fare Payments, with Plans for Daily and Weekly Fare Capping

By:  Dan Balaban NFC TIMES Exclusive Insight – The Helsinki Regional Transport Authority plans to accept contactless EMV payments on its multimodal system, including its buses, metro, trams and ferries. The rollout, expected to be completed in 2023, will also support daily and weekly fare capping.   Related stories, automatically selected:  Transport for London’s Lucrative Sponsorship Deal with

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Helsinki Plans Multimodal Contactless EMV Fare Payments, with Plans for Daily and Weekly Fare Capping

By:  Dan Balaban NFC TIMES Exclusive Insight – The Helsinki Regional TransportAuthority plans to accept contactless EMV payments on its multimodal system, including its buses, metro, trams and ferries. The rollout, expected to be completed in 2023, will also support daily and weekly fare capping.   Related stories, automatically selected:  Transport for London’s Lucrative Sponsorship Deal with Google

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NFCW launches online conference and exhibition platform

KNOWLEDGE CENTRE: The NFCW team has developed a new online conference and exhibition platform that lets readers quickly and easily share information on the innovative projects, products and services they are working on with our global audience of senior executives and technical specialists — and we’re opening early access today with some very special charter

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