Tagged: contactless payments

Contactless Payments Adoption to Increase 6-8% Globally Compared to Pre-COVID Projections: Report

Like many aspects of our daily lives in the 21st century, the COVID-19 outbreak is affecting consumers’ spending habits. The Coronavirus crisis may have led to permanent changes in consumer behavior, including the manner in which we acquire the products and services we need. When… Read More

BNP Paribas to Offer its Visa Premier Cardholders the Chance to Upgrade to Contactless Fingerprint Option for an Extra €24 Per Yr

BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will be providing its Visa Premier cardholders the opportunity to update to a contactless fingerprint option for a… Read More

Mastercard, Network Int. to Support MENA Region Digital Payments, as [email protected] Launches Inventory Monetization Platform for MENA Countries

Mastercard has partnered with UAE-headquartered PSP Network International in order to introduce a digital platform with the goal of promoting the adoption of virtual payments across the MENA region. With this new digital platform going live this month, Network International plans to help its customers… Read More

Online Marketplaces are Expected to Increasingly Develop their Own Digital Payments Infrastructures: Report

We’re experiencing more changes in the digital payments sector than we’ve seen during the past two or three decades. This seems like an exciting time as consumers across the globe are increasingly using innovative digital platforms and services. Accuity’s payments experts have identified four important… Read More

Contactless Payments in the UK are On the Rise with 90% of In-Store Transactions Settled with Touch-Free Options

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

Philippines based Digital Wallet GCash Reaches PHP 1 Trillion in Total Transactions During the Past Year

Philippines-based digital wallet GCash reportedly reached PHP 1 trillion (appr. $20.8 billion) in total transactions for the year 2020, which represents a 254% year-over-year (YoY) increase in transfers. Globe Fintech Innovations Inc. (Mynt), which manages GCash, is part of the portfolio firms of 917Ventures (one… Read More

Google Pay Users in India can Easily Review, Analyze All Transactions from 2020, Apple Pay Support Rolled out at NY Subway Stations

Google Pay for Android and iOS users now lets people see how much money they’ve spent during 2020. The expense tracking feature allows consumers to get a rough idea or estimate of their spending habits throughout the last year. Google Pay will also show users… Read More

Contactless Payments Limit Might be Increased from £45 to £100 as Britain Could Begin Moving Away from EU Guidelines

The limit on contactless payments might be increased from the current £45 to £100 in one of Britain’s very first steps away from European Union guidelines. The upper limit on touch-free or contactless payments might be raised to £100 after the suggestion was made to… Read More

Apple Is Expected to Further Diversify Fintech Services in 2021 by Offering Crypto Support and Touch-Free Digital Payments

Apple (NASDAQ:AAPL) is well-known for playing a key role in the global commercial market – especially when providing the latest mobile technology. The tech giant seems to be diversifying part of its business model by branching out into the banking sector – which could potentially… Read More

Fintech Firm SquidPay to Facilitate Convenient and Efficient Contactless Payments in the Philippines

Philippines based Fintech firm SquidPay Technology Inc. has acquired Php 100 million (appr. $2.08 million) in funding through a Series A round and Php 100 Million (appr. $1.04 million) line of credit – which was arranged by the Eastern Securities Development Corporation (for the company’s… Read More

Founder of LoopPay, now Samsung Pay, Introduces Fintech Solution for Contactless Payments

Will Graylin, an experienced tech entrepreneur and Founder of LoopPay (now Samsung Pay), has introduced a Fintech solution, called OV Valet – which is a secure Superkey and companion digital wallet app that supports touchless or contactless payments “at 94% of POS terminals.” As mentioned… Read More

Mastercard, IDEMIA, MatchMove to Test Fingerprint Biometric Card in Asia to Improve Security of Contactless Payments

Mastercard, IDEMIA, and MatchMove will be piloting a fingerprint biometric card in Asia in order to improve the security and safety of contactless payments. According to a release, Mastercard will be partnering with IDEMIA, which offers “Augmented Identity” solutions, and MatchMove, a Singapore-based Fintech firm…. Read More

Two-Thirds or 68% of Indian Consumers are Now Using Digital or Mobile Banking Platforms to Settle Transactions, Instead of Cash: Report

Over two-thirds or 68% of Indian consumers are currently using digital or mobile banking platforms to settle transactions, according to a new report. The use of online banking services and contactless payments has increased significantly due to the COVID-19 crisis – which had led to… Read More

Jodie Kelley from Electronic Transactions Association Says COVID Provides Strong Impetus to Change How we Settle Payments

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions. Expressing views… Read More

UK Fintech JudoPay Partners Mastercard to Support Adoption of Touch-Free or Contactless Payments

UK-based Fintech firm JudoPay, which offers a mobile-first payment platform, has teamed up with Mastercard in order to promote the adoption of touch-free or contactless payment methods. JudoPay’s management noted that Mastercard would be helping the Fintech company with its expansion into the UK, Europe,… Read More

Contactless and Digital Payments Continue to Rise in India while Retail Spending Nearly at Pre COVID Levels: Report

Retail spending and activity levels in India have now recovered to around 90% of pre- COVID-19 levels after dropping to around 55-65% of their average back in April 2020. The pace of the adoption of digital services across major channels has accelerated due to the… Read More

Small Businesses in the UAE have been Hit Really Hard due to COVID-19, According to MENA Region Fintech Industry Executive

The MENA region’s digital payments sector is projected to grow by 6.5% from 2020 to 2021. The Coronavirus crisis may have accelerated the shift towards the adoption of all-digital platforms and services, including virtual payments. The MENA region’s Fintech industry participants recently noted that the… Read More

Fintech Investments in Australia Down to $548 Million in H1 2020 from $1.3 Billion from Last Year: Report

Fintech investments in Australia reached $376.5 million during H1 2020, which represents a 150% increase when compared to the same period from last year when $149.05 million for raised by Fintechs in the country. But there was a significant drop in mergers and acquisitions (M&A)… Read More

Contactless Transactions are Expected to Double the Number of Digital Payments to $8.26 Trillion by 2024: Report

Contactless transactions are expected to double the number of digital payments to $8.26 trillion by 2024, which is a key Fintech trend that has been accelerated due to COVID-19. Businesses are increasingly using contactless technology to improve customer experience and help them make secure payments,… Read More

Fintech and Digital Solutions Provider Thales to Assist Commercial Bank of Kuwait with Offering Secure Contactless Payments

Digital solutions provider Thales is reportedly supplying the Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH), which will allow the bank’s customers to perform secure contactless payments from their smartphones. According to a release, a tokenization process will be used to… Read More

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