Contactless

• [New] The Mastercard New Payments Index, conducted across 18 markets around the world, shows 93% of people will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in 2022. / Payments Cards & Mobile
• [New] The FCA has confirmed that the thresholds for not applying SCA to contactless payments under Article 11 UK SCA-RTS will increase, so that more transactions can be exempt from the application of SCA. / Eversheds Sutherland
• [New] The total value of contactless transactions made using payment services provided by smartphone and other original equipment manufacturers (OEMs) will reach more than US$1 tn in 2022, a rise of 377% on 2019, Kaleido Intelligence predicts. / NFCW
• We have seen a significant increase in consumer preference for digital payments, especially contactless, amid COVID-19 and contactless ticketing solutions will help transform passenger experience and make Dubai more connected. / Intelligent Transport
• Of the one billion transactions, 400 million took place in the UK 5, and further growth can be expected given the announcement that the UK contactless limit will increase to £100 later in 2021. / News
• 78% of restaurant operators believe contactless payments are in high demand, while a Square report shows 76% of operators believe contactless options will stick around. / Restaurant Dive
• Contactless card payments in the US are projected to increase eight-fold over the next four years, and mobile payments are also growing rapidly - the Zelle Network, for example, processed more than one billion payments in 2020. / Research
• While the use of credit card payments continues to rise and the limit on contactless transactions will increase again for the second time in less than a year, it is feared that half of Britain's cash machines could close within two years unless banks are forced to support them. / inews.co.uk
• Contactless payments will see a compound annual growth rate of 20% through 2028 and, by 2025, it is projected that 18.7 billion contactless fare payments will be made annually. / ITS America
• Of the one billion transactions, 400 million took place in the UK, and further growth can be expected given the announcement that the UK contactless limit will increase to £100 later in 2021. / Fintech Finance
• The Moscow metro will implement FacePay, a facial recognition technology that facilitates contactless fare payments at all stations by the end of 2021. / Council on Foreign Relations
• Apple Pay users could be able to make contactless payments and other transactions with merchants or transit providers without having to manually select the correct payment, rewards or transit card or other digital credential from within their mobile wallet. / NFCW
• By 2025, the research firm projects, 50.1% of U.S. smartphone users 14 and older will be using their devices to make payments that they might have made in the past with cash or plastic. / The Financial Brand
• Following the announcement that the contactless payment limit in the UK will rise to £100, London-based accessories brand KNOMO London is urging shoppers to take appropriate action to protect themselves from fraud. / Retail Technology Review
• The global contactless payment market was valued at USD 1.05 trillion by transaction value in 2019 and predicted to register a compound annual growth rate of around 20.01% during period 2020 to 2027. / contactless-payment-market
• NFC-based payments will also increase as 34% of mobile handsets are set to use contactless payments in 2025, up from 11% in 2020. / Payments Dive
• With consumers now becoming more comfortable with digital and contactless payment trends, we can expect to see continued innovation and acceleration in the payments industry throughout 2021. / EJINSIGHT
• The increase in global transaction value will be driven by Apple Pay, Samsung Pay and Google Pay and will result in OEM Pays accounting for around 11% of all in-store proximity transactions made using contactless and QR payment methods in 2022. / NFCW
• Amadeus, cloud solutions will help deliver an exceptional check-in and boarding experience at Finland's gateways and accelerate innovations like contactless payment for a more agile response to COVID-19. / Airport World
• OEM Pay contactless transactions, driven by Apple Pay, Samsung Pay and Google Pay, will reach more than $1 trillion in 2022, finds Kaleido Intelligence. / Payments Cards & Mobile
• Revenue from remote payment tokenization will represent 58% of total mobile payment tokenization revenue in 2025, while revenue from the tokenization of contactless payments is accelerating rapidly. / NFCW
• With merchant demand for contactless payments rising fast in the face of the Covid-19 pandemic, Verizon Communications Inc. announced in December its Verizon Business unit will begin o ering Fiserv Inc.'s Clover Flex mobile point-of-sale device to its business customers. / Digital Transactions

Last updated: 09 May 2021