“Ryan Li, Foodymart’s executive manager, sees the technology as an opportunity to grow his company’s business by attracting new customers, as well as cutting down on checkout times. Li also said between 50% and 60% of Foodymart customers have lived in China, and he expects most of them have previously interacted with a facial recognition […]

Customers of Canada’s CIBC bank can now replace a lost or stolen credit card “in a few simple steps through mobile or online banking and instantly use the new card with their mobile wallet before the physical card arrives”. The new feature “makes it radically simple to order a new card and use it immediately,”

The National Bank of Cambodia has begun the rollout of a national mobile payments platform based on real-time funds transfers, QR mobile payments and a single electronic clearing system. “The main purpose of the soft launch of Retail Pay System is to promote innovation in [the] retail payment system, improve the inter-bank transaction, accelerate operational

“If your phone has NFC, then it can become a point-of-sale (POS) device. A customer can tap the contactless card on the phone,” said Vikas Saraogi, vice president of acceptance development at Mastercard, adding that it is likely to be launched in India in the first half of next year.” Read the rest of Mastercard

A face recognition-based biometric payments system installed at 1,000 7-Eleven outlets in southern China last May has been adopted by 10% of the convenience store’s customers, the retailer has told Nikkei Asian Review. Overall, more than 100 million Chinese consumers have now signed up to use face-based biometric payments, the report adds. Read the rest

“The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its four million-plus drivers and couriers around the world access to a mobile bank account

Employees of 14 Vancouver-based businesses have been issued with a new type of transit card that lets them use a single payment method for travel on public transport operator TransLink, for bike sharing with Mobi by Shaw Go and car sharing with Modo and Evo — and then “view expenses for each mode at the

China remains the country with by far the highest mobile payments adoption rate, with 81.1% of smartphone owners making use of the technology, eMarketer reports. Consumers in Denmark are the second highest adopters of in-store mobile payments at 40.9%, followed by India (37.6%), South Korea (36.7%) and Sweden (36.2%). Germany (12.5%) and Mexico (10.2%), where

Gautrain, the commuter rail service that connects the South African cities of Johannesburg and Pretoria, is to let passengers use their contactless bank cards to pay for their journeys by tapping on and off the service from 31 October. Commuters will also be able to use their bank card to tap in and out of