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Transit fare projects enable more commerce as cities open up

Payments Source

The rise in contactless payment options will not only encourage consumers to return to offices and stores, but also enable them to change their payment habits. ]].

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Southeast Asia Fintech Funding Cools with 23% Dip in 2024, Singapore Maintains Lead

Fintech News

The slowdown reflects the impact of macroeconomic pressures, rising interest rates, and geopolitical uncertainties, with funding levels returning to pre-pandemic norms. Funding fell across all stages, with late-stage investments taking the hardest hit.

FinTech 107
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myPOS Unveils Tap to Pay on iPhone for Merchants in Germany

Fintech Finance

UK-based payments company, myPOS , is introducing Tap to Pay on iPhone for businesses in Germany. Tap to Pay is available within the myPOS Glass app and allows merchants to accept contactless payments directly on their iPhone, with no additional hardware needed.

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

Consumers’ migration to using contactless payment methods more often for their speed and convenience was only accelerated during the onset of the pandemic last year. It is easy to see why contactless payments are growing in a time of social distancing and touchless safeguards to prevent spreading the virus.

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How The Pandemic Made QR Codes Sizzle

PYMNTS

Only about half of those who said in March that they would return to physical retail after COVID-19 were still planning to stick with brick-and-mortar shopping. The other half was now leaning toward staying digital – and when they do go to stores, contactless payments have taken on big importance.

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Gridserve opens contactless electric vehicle forecourt at Gatwick Airport

NFCW

“To make it as easy as possible for customers to charge their EVs, all Gridserve locations feature both CCS and CHAdeMO connectors, accept contactless payment and provide real-time status updates to a myriad of popular EV charging maps.

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Defining “acceptable risk” in UK payments regulation

The Payments Association

Firstly, balancing risk and return is crucial; higher returns often come with higher risks, but a broader appetite for calculated risk can yield strong results. Consequently, the approval rate for PIs/EMI is around 15%, which many see as evidence of the FCA's application of a brake on growth and competition.