Contactless payments stories - Page 2

Open Banking has matured into an innovative payments solution enabling merchants to drive conversion, reward loyalty and improve the customer experience.

The global near-field communication market was US$17,875 million in 2020 and will be US$46,781 million by 2027, registering a CAGR of 14.8% from 2021 to 2027.

According to a Kaspersky study, more than one in two SEA users say small businesses should be using digital payments.

Software technology company Synthesis lays out five ways COVID-19 has changed our behaviour and the payment solutions designed to meet the new criteria.

Mastercard has developed Enhanced Contactless (Ecos) specifications to future-proof contactless payments and ensure high levels of security and convenience.

Mastercard has launched its Cloud Tap on Phone payment technology, and the first live pilot of its Cloud Point of Sale acceptance technology.

Veeam's senior global technologist speaks on the great shift to a digital economy and organizations' investments in digital platforms.

Digital technologies, such as contactless payments and remote working, will have a lasting impact on society post-COVID-19.

Australian businesses could slash payment acceptance costs by over 40% using merchant choice routing, a process endorsed by the Reserve Bank of Australia.

Amid COVID-19, Australia sees a surge in contactless card payments, enhancing daily safety and convenience, with over half of transactions now contact-free.

COVID-19 lockdowns are driving the demand for instant real-time payments, with GlobalData predicting over half a trillion transactions within five years.

New Zealand has increased the contactless payment limit from NZD $80 to NZD $200 to curb COVID-19 spread, rolling out changes over the next few weeks.

New research from Bankwest shows that having the option to pay with wearable tech is becoming more appealing than ever.

ASB Bank phases out its ASB Virtual payment service, introducing Google Pay for Android users. However, it’s only compatible with Android 5.0 or later.

ASB Bank introduces Apple Pay, allowing over 500,000 customers to make secure, convenient contactless payments via compatible Apple devices.

Ten years from now cash and ATMs as we know them could be extinct as the cashless economy becomes well entrenched in everyday life.

Visa has released a report showing that tourist spend in NZ is growing and they want to use contactless payment systems.

The study shows that for contactless merchants, growth in customer numbers (8.3%) was double that experienced by non-contactless merchants (3.5%).

Millennials continue to drive contactless payments, with almost 9 in 10 people aged 25 to 34 using contactless technology.

Auckland is named a top digital payments leader, with potential to gain nearly USD $2 billion annually by further reducing cash reliance, a Visa study reveals.