Qatar triples contactless transaction limit

Banks in Qatar are raising the contactless transaction limit from 100 riyals (US$27.46) to 300 riyals (US$82.39), in a bid to limit the spread of Covid-19. “For contactless purchases up to QAR 300 at selected POS terminals, and up to QAR 1,500 (US$411.97) cumulative at any merchant globally, no PIN entry is required,” QNB says.…

Mastercard: 29 countries have now agreed to raise their contactless payment limit

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. The countries are Albania, Armenia, Belarus, Bulgaria, Croatia, Cyprus, Estonia, Georgia, Germany, Greece, Hungary, Ireland, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Macedonia, Poland, Portugal, Spain, Sweden, Tajikistan,…

ST to host NFC reader webinar

PARTNER NEWS: ST is to host a webinar on designing robust, powerful and effective NFC readers for industrial, automotive, consumer and payment applications on 31 March. “During this one-hour webinar, you will learn how the advanced features of the latest generation of NFC reader ICs will ease your NFC design,” ST says. “We will highlight…

Mastercard, Thales and Tappy explain how watch and wearable brands can add support for payments

KNOWLEDGE CENTRE: The opening session of the Wearable Payment Summit 2020, NFCW’s first online conference, is now available to watch free of charge in our Knowledge Centre. NFCW’s editor, Sarah Clark, is joined for this opening panel discussion by: Wayne Leung, CEO of wearable payment innovator Tappy Technologies, in Canada Vijin Venugopalan, head of Mastercard…

Egypt promotes cashless payments with increased contactless transaction limit, free prepaid cards and mobile wallets

The Central Bank of Egypt (CBE) has introduced a series of measures designed to reduce the need for citizens to use cash to make payments, including a doubling of the contactless payment transaction limit and free access to both prepaid card and mobile wallet services. The contactless payment limit is being doubled from E£300 (US$19.05)…