Month: February 2021

Stockholm Transit Agency Launches Open-Loop Fare Payments for Multimodal Rides

By:  Dan Balaban NFC TIMES Exclusive Insight – Stockholm Public Transport, or SL, the city-owned company that oversees major public transport in the city, is the latest agency in Europe to launch open-loop fare collection, offering multimodal rides with a tap of a contactless EMV bank card or NFC device. Related stories, automatically selected:  Case Study: …

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National QR payments and rewards system to be launched in Australia

Australia’s Eftpos national debit card system is to launch a QR code-enabled mobile payments and rewards network that will enable “seamless payment experiences across ecommerce, mobile and point of sale”. The low-cost solution will work “by generating unique QR codes containing transaction details that are captured on a consumer’s mobile phone, initiating a secure digital …

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Tencent and Ant to integrate digital yuan wallets into mobile banking apps

Tencent-backed WeBank and Ant-backed MyBank are conducting “preliminary work under the guidance of the People’s Bank of China (PBOC)” in order to integrate the digital yuan wallet into their payment and banking services, according to a China Securities report. The move comes as PBOC unveils a central bank digital currency (CBDC) ‘Bridge’ project for cross-border …

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Stockholm rolls out contactless ticketing payments

Passengers using public transport across the Swedish capital of Stockholm can now make tokenized contactless payments for single adult fares on metro, rail, bus, tram and boat services by tapping their debit or credit card or smartphone at a ticket reader. The city’s Storstockholm Lokaltrafik (SL) transit authority has rolled out the network-wide contactless ticketing …

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European Payments Initiative issues call for technical partners

A group of more than 30 European banks and acquirers planning to build a unified payment system for merchants and consumers across Europe is seeking technical partners to develop the system’s central infrastructure. The European Payments Initiative (EPI) aims to build a solution that will “become a new standard in payments for European consumers and …

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Apple Pay goes live in Mexico

Apple Pay has rolled out in Mexico, with support for American Express and for Mastercards issued by the country’s Banorte and Citibanamex banks. According to the payment service’s updated Mexican website, retail chains supporting Apple Pay in the country at launch include 7-Eleven, Chili’s, Domino’s Pizza, Italianni’s, MacStore, Petco, PF Chang’s, The Cheesecake Factory and …

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SBI to let merchants accept contactless payments on standard Android NFC phones

Merchants across India will soon be able to accept contactless digital payments on their Android NFC smartphone without needing any additional hardware. State Bank of India (SBI) is making the software-only solution available through a new SBI Merchant app. Read the rest of SBI to let merchants accept contactless payments on standard Android NFC phones …

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Case Study: Amsterdam Transit Operator Seeks to Go Nearly 100% Digital for Ticketing to Cut Costs and Enhance Service

By:  Dan Balaban NFC TIMES Exclusive Insight – GVB, Amsterdam’s largest public transit operator, says it seeks to replace an aging closed-loop fare card system and go to open-loop and other digital tokens with the planned rollout of its new account-based ticketing system. Related stories, automatically selected:  Google Announces Plans to Enable Public Transit Ticketing in …

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