Tag: contactless payments

KONA I, a leader in smart card and technology platforms, has teamed up with IDEX Biometrics to bring a biometric smart card to Japan.  The...

The financial services landscape is experiencing rapid transformations fuelled by customer expectations for speed and convenience. Today's consumers are driving a surge in innovative payment methods, with a myriad of technologies emerging to meet their ever-evolving needs.

The value of contactless payment transactions is expected to reach $10trn by 2027, up from $4.6trn in 2022, according to data from Juniper Research.

A report by VoucherCodes has found 47% of all transactions are expected to be contactless by the end of 2022.

People in the UK will be able to make contactless payments up to a new limit of £100 from the 15th of October 2021.

Watchmaker Timex has partnered with Visa, Tappy and J.P Morgan subsidiary Chase to launch watch straps that can be used to conduct contactless payments.

A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.

Greek FinTech Viva Wallet has raised $80m in financing to bolster its loans and instant payment services.

FinTech firm facilitating QR code restaurant payments Sunday raised a $24m seed round.

The UK’s Financial Conduct Authority has again upped the limit of contactless payments, with the cap on single transactions rising from £45 to £100.