Tagged: contactless payments

UK’s NatWest Reports Significant Increase in Local Businesses Accepting Payment Cards, as they Move Away from Cash Due to COVID-19

Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnessed a significant increase in UK businesses that are now ready to accept payment cards. The lender notes that 70% of local… Read More

Digital Banking in Bahrain Now Seen as a Necessity, Not a “Luxury” Like Before Due to COVID-19, Local Fintech Professional Says

  Bahrain’s residents have been using mobile and digital payments platforms a lot more now than they were before the COVID-19 outbreak. Safe distancing measures have been introduced throughout the Kingdom, in order to prevent the further spread of the Coronavirus. There are currently 7,888… Read More

Fintech Firm Fiserv Increases PINless Transactions Limits at Accel to $100, Following COVID-19 Outbreak

Accel, a platform owned by Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has decided to temporarily increase the limits on its digital debit payments from $50 to $100. The limit increase has been made in order to meet some of… Read More

Touch-Free Shopping and Contactless Payments Increasingly Being Adopted by Consumers Due to COVID-19: Report

  Touch-free shopping and contactless payments are being increasingly adopted by consumers across the globe, in order to prevent the further spread of the deadly Coronavirus. Many consumers have been trying to avoid ATMs that require users to manually enter their PINs, according to a… Read More

Contactless Payments: Mobeewave, a Platform for Accepting In-Person Payments with No PIN Entry, to Support High-Value Transactions

Canada-based Mobeewave, a certified platform that allows mobile app users to accept in-person payments without requiring extra hardware, is introducing several new features that aim to remove existing contactless payments limits for retailers and consumers, by using the Fintech firm’s proprietary tap-to-phone technology. Mobeewave’s payment… Read More

Digital Payments: Transcorp International Approved by Reserve Bank of India to Support Prepaid Payment Services

Transcorp International, an established foreign exchange (Forex) and payment services provider, has received approval from the Reserve Bank of India (RBI) to enter co-branding arrangements for performing prepaid transactions. The prepaid payment services will be available at thousands of Indian stores and digital commerce websites…. Read More

Contactless Payments: Commonwealth Bank of Australia Reports Significant Increase in Digital Wallet Transactions Following COVID-19 Outbreak

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More

Contactless Payments: German Fintech Firms CCV Group, Intertrust, Riscure, Rubean to Create Hardware-Free Mobile Point of Sale System

A group of Fintech firms are planning to create a hardware-free mobile point-of-sale (mPOS) system. The mobile-based payments system will process contactless payments made from Android devices. Germany-based Fintech companies CCV Group, Intertrust, Riscure, and Rubean have reportedly been working on the PhonePOS concept, in… Read More

Payments App Provider MuchBetter Partners Switzerland’s Winwatch to Introduce Analog Watch for Making Contactless Payments

MuchBetter, the developer of a payments app, has teamed up with Switzerland-based firm  Winwatch, in order to launch an analog watch that allows users to conduct contactless payments. The payments are processed with the help of a face made of “smart glass.” The watch uses… Read More

Contactless Payments: Fintech PayBy Introduces Fast and Secure Mobile Payment App in the UAE, Following COVID-19 Outbreak

Individuals and organizations are increasingly looking for ways to access services that require minimal or no physical contact, following the deadly Coronavirus (COVID-19) outbreak. Fintech firm PayBy has introduced a fast and secure mobile payment services platform in the United Arab Emirates (UAE). PayBy’s solution… Read More

San Francisco-based Fitbit Introduces Fitness Wristband with Standard Contactless Payments Feature

San Francisco-based Fitbit, a company that (recently acquired by Google for $2.1 billion) offers compact, wireless, wearable sensors that track users’ daily activities in order to encourage people to adopt a healthy and active lifestyle, has introduced a fitness wristband that comes with a contactless… Read More

National Bank of Oman Encourages Users to Perform Contactless Payments to Prevent Further Spread of Coronavirus

National Bank of Oman (NBO), one of the largest financial institutions in the country and its first local bank, aims to raise awareness regarding the importance of practicing safe banking during the coronavirus (COVID-19) outbreak. The NBO has taken several measures to ensure its clients… Read More

Contactless Payments: National Payment Corporation of India Requests Locals to Perform Digital Transactions to Reduce Physical Contact During Coronavirus Outbreak

The National Payment Corporation of India (NPCI), a local, non-profit umbrella organization for operating retail payments and settlement systems in the country, has requested the nation’s residents to make digital payments in order to reduce physical contact during the deadly coronavirus (COVID-19) outbreak. The NPCI,… Read More

Fintech OLB Group, a Digital Commerce Solution Provider, Introduces Measures to Help Reduce Spread of Coronavirus

New York-based Fintech OLB Group, a digital commerce solution provider that offers outsourced private label shopping solutions to large websites and retail outlets, has introduced measures and initiatives to help reduce their risks and to ensure stakeholder protection as the coronavirus (COVID-19) outbreak continues to… Read More

Contactless Payments to be Allowed for Larger Amounts, without PIN Entry, by Banks in the Netherlands and Norway

Banks in the Netherlands are helping customers perform contactless payments at store locations without requiring them to enter their PIN numbers. This move is part of the extraordinary measures that have been taken to prevent the further spread of the deadly and highly contagious Coronavirus… Read More

Contactless Payments: Software Firm Phos Partners with Mastercard to Launch Transaction Processing System for Android Mobile Devices

Phos, a software development firm, has introduced a pilot program with payments giant Mastercard, which involves the launch of a new mobile-based solution that will allow merchants to process contactless payments. The new payment option is available on all Android smartphones without requiring any additional… Read More

Mexico-based Fintech Clip Introduces New Contactless Payment System, “Clip Total”

Mexico-based Fintech firm Clip is introducing another payment method, called “Clip Total.” Adolfo Babatz, the company’s co-founder, said that the new payment solution is like having a “point of sale [system] in the palm of your hand.” During a recent presentation, Clip’s management shared an… Read More

WHO Encourages Using Contactless Payments to Avoid Spread of the Coronavirus

As the coronavirus (COVID-19) continues to spread through the world, the World Health Organization (WHO) has advised consumers to consider using contactless payments in order to avoid spreading the virus. While speaking with the Telegraph, a spokesperson from WHO stated: “We know that money changes… Read More

Contactless Smart Payment Card Developer Macau Pass S.A. Introduces Alipay HK and WeChat Pay HK Integration

Macau Pass S.A., the developer of a contactless smartcard (previously called Transmac IC Card), first launched the Transmac over 20 years back (in 1999). The card may be used to conveniently pay for bus fares, everyday shopping, and dining with many more retailers expected to… Read More

UK-based Fintech Axept Introduces Strong Customer Authentication Compliant Payment Method, Uses Contactless Payments Cards for E-Commerce Transactions

UK-based Fintech company Axept has unveiled a Strong Customer Authentication (SCA) compliant payment method, which uses contactless payments cards for settling e-commerce transactions. Axept’s new solution does not require users to type in their card details, usernames, passwords or sign up while purchasing items. If… Read More

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