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What is NFC Mobile Payment and How to Use It?

Payment Savvy

Luckily, advances in payment technologies have paved the way for an improved experience at checkout, and such fast, secure, and convenient payment methods as near-field communication (NFC) entered the game. What are NFC Mobile Payments? NFC payments add immense convenience for today’s busy customers. Google Pay.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes mobile POS systems unique?

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UnionPay’s New Mobile Payments Partnership

PYMNTS

Smartphone maker Xiaomi is getting deeper into the mobile payments game with a well-known partner in China. The company announced a partnership with China UnionPay, China’s state-sponsored domestic bank card organization, in order to bring it its own mobile payment service.

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Mobile Payments Igniting In Russia

PYMNTS

AC&M Consulting found that the Russian mobile payments market grew by almost 40 percent in 2015, to 70.4 Only 20 percent of smartphones connected to Mobile TeleSystems (MTS) used NFC technology at the end of 2015, according to Russian newspaper Vedomosti. 2016, enabling 1,500 couriers to now accept mobile payments.

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The Anatomy of a Credit Card Transaction

Clearly Payments

Credit Card Use Overview in USA and Canada In the U.S., credit card payments surpassed $10.6 Contactless payments continue their rapid adoption, projected to account for more than 60% of in-store purchases. Merchant Sells goods/services and accepts credit card payments. Visa, Mastercard).

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8 highlights from Card Forum 2019

Payments Source

Top executives from banks, card brands, credit unions, fintechs and more weighed in on the major issues and innovations for the payments industry.

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Kuba Celebrates Open-Loop Payments Success One Month After Launch in Tuscany and Florence

The Fintech Times

One month after Kuba introduced open-loop payments across Tuscany’s bus network and Florence’s tramway, mobility payment specialist has hailed the move a success following strong passenger adoption. They don’t have to understand the ticketing system to hop on a bus and travel around cities, or from one city to another.