Will the novel coronavirus lead to a positive mobile payments trend?

Mobile payments trend - paying via smartphone

Usage has been slowly picking up in the western world, but contactless transactions may rise in appeal. When examining mobile payments trend data in North America, it’s clear to see that there isn’t much of a rush toward consumer uptake. Usage is increasing more rapidly now than it has since the beginning, but a factor has arisen that may speed the appeal of this type of transaction: COVID-19. Consumers hesitant to try the technology may start finding contactless transactions more appealing. As the novel coronavirus makes its way around the…

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Google Pay transit payments made available in major cities with Cubic

Google Pay transit payments - Google Pay on mobile phone

Cubic Transportation Systems partners with Google to make paying for public transport more convenient. Paying for public transportation in some of the world’s major cities may be made more convenient for some mobile payment users with Google Pay transit payments options. This is because fare payment system Cubic Transportation Systems has teamed up with Google to offer contactless payments to riders who want to use their mobile phones to pay for transit. Commuters can purchase tickets or top up their transportation cards from their mobile phone. The addition of Google…

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QR code standards to be implemented by Indonesia later this year

QR Code Standards - quick response codes

Bank Indonesia wants higher interoperability between various providers of payment solutions. Bank Indonesia (BI), Indonesia’s central bank, is presently conducting a trial to establish QR code standards for the country’s various payment system providers. QR codes are starting to be used by the country’s citizens for mobile payments. Called QRIS (Indonesian Standard QR Code), Bank Indonesia’s QR code standards trial is about developing one code to be used by multiple payment system providers at every merchant. The bank believes that the standardization of the quick response code will result in…

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Wells Fargo contactless credit cards rollout to bank customers

Wells Fargo Contactless Credit Cards - Visa Contactless Card

Wells Fargo & Co. has announced the tap-to-pay technology for its credit and debit cards. Wells Fargo contactless credit cards are now being rolled out to its new customers. The San Francisco-based American multinational financial services company is joining its rivals JPMorgan Chase & Co. and Bank of America Corp – among other US banks – who have already adopted this NFC (near field communications) tech for their credit and debit cards. Wells Fargo customers will be able to tap their credit cards to make payments instead of swiping them.…

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NFC Forum introduces NFC payments solution alternative to QR codes.

NFC payments - woman with Android phone

NFC Money Transfer Candidate Specification allows for simple and secure NFC-based payment solutions. The NFC Forum, a Massachusetts-based non-profit industry association and advocate of Near Field Communication (NFC) technology has launched an NFC payments solution. The solution, known as the NFC Money Transfer Candidate Specification (NMT) has been designed as an alternative to QR code-based payments that gives payment service providers and consumers the chance to take advantage of simple and secure NFC-based payment systems that already exist worldwide. The NMT solution eliminates the need for a camera or a…

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