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Demand for Online and Contactless Payments Soars in South Africa Due to Coronavirus

March 24 2020

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Contactless

“Demand for secure online and contactless payments is surging in South Africa on the back of fears around the spread of coronavirus, with many people reluctant to use cash or to touch point of sale machines. As the number of confirmed cases increases daily, growing numbers of retailers are scrambling to get online payment systems […]

Industry

Germans Switch to Contactless Payments Amid Coronavirus Concerns

March 23 2020

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Contactless

““More than half of payments currently being made by card are contactless, compared with 35% before the coronavirus crisis hit, according to the German Credit Agency (DK),” the publication says.”

Tech

Merchants in Four European Countries to Pilot Dongle-free Contactless Payments on Android NFC Phones

March 18 2020

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Contactless

“Mastercard has partnered with software-only mPOS startup Phos and Paynetics , an e-money institution with an EU-wide licence which will act as the acquiring bank for the pilot. The 200 merchants taking part will be able to download the Phos app from the Google Play store and have their identity verified “in a fully digital […]

Tech

AIB Customers to Be Charged for ‘Contactless’ Payments From May

March 11 2020

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Contactless

“AIB customers will soon be charged 1c cent for ‘tap’ payments. From May 30, the bank is also introducing a quarterly maintenance fee of €4.50 for current accounts. It is the third bank to charge for contactless payments, following Bank of Ireland and Ulster Bank. The fees could cost customers an extra €80 a year.”

Industry

Mastercard: 29 Countries Have Now Agreed to Raise Their Contactless Payment Limit

March 26 2020

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Contactless

“Mastercard is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says.” Includes a table by NFCW summarizing these increases around the world.

Tech

Interac Sees Digital and Contactless Payment Rush As Consumers Hunker Down During Coronavirus Pandemic

April 7 2020

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Contactless

“Canadian debit-payments firm Interac Corp. is experiencing a surge in digital and contactless transactions as consumers make purchases from home and try to keep their hands clean during the coronavirus pandemic. There were 51.9 million e-transfers sent through Interac in March, the first time the 50-million mark has been crossed in a month. “We’re conducting […]

Domains

Paytm to Introduce Contactless Ticketing for State-run Buses

June 17 2020

“Paytm has announced the launch of contactless ticket buying facility for state-run local transport buses and promote safe intracity travel. The company is enabling it’s QR-based payments service on the buses combining it with the Paytm Soundbox for buying tickets. In a statement, Paytm said that It is in talks with 20 state transport departments.”

Global

Mastercard, Axis Bank Partner to Bring POS Machines to Smartphones

June 8 2020

“Digital payment major Mastercard has joined hands with private lender Axis Bank and French payment service provider Worldline, in a bid to offer the functionality of Point of Sale devices onto Android smartphones of small merchants in India while also be providing store owners value added digitisation services. The strategic alliance is created for expanding […]

Companies

UnionPay International Drives Increase In ‘Contactless Payment’ For Consumer Safety During COVID-19

June 17 2020

“As the struggle against COVID-19 continues, UnionPay International have unveiled a plan for increased consumer safety through accelerating the issuance of contactless payment enabled cards worldwide. Collaborating with many local banks around the world, UnionPay International have also made a considerable effort to increase availability and awareness of online checkout services in order to step […]

Tech

Fattmerchant Introduces Contactless by Omni to Help Businesses Meet the Growing Consumer Demand for Contactless Payments

June 17 2020

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Contactless

“Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, announces the release of Contactless by Omni. This new all-in-one contactless payment solution provides business owners with the ability to go touch-free and virtual overnight, allowing their business to begin accepting payments in the ways that their customers are most […]