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…
The European Banking Authority has issued a statement urging the European payments industry to increase contactless transaction limits to €50 (US$54.97). “Well-functioning payment services are vital at this time, and…
Countries around the world are increasing the contactless transaction limit in a bid to combat the spread of Covid-19. NFCW has collated into one table the increases for each country…
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,…
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,…
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…
The spending limit for contactless card payments in the UK is being increased from £30 (US$35.33) to £45 (US$52.99), UK Finance has announced. The new spending limit will begin to…
“Coronavirus concerns have pushed consumers across Germany to make the switch to using contactless payments for the first time,” The Local.de reports. “More than half of payments currently being made…
The Chengyang District of the city of Qingdao has become the first in China to use a new WeChat service to issue government vouchers directly to residents’ mobile phones, in…
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…