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Half of all contactless payments in Ireland are now made via NFC

NFCW

. “Over 1.5bn contactless point of sale (POS) payments, valued at 26.7 billion, were made in shops, restaurants and other retail outlets in 2024,” the organisation says.

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U.S. Faster Payments Council Publishes Report on Overcoming Usability Impediments to Instant Payment QR Code Adoption

Fintech Finance

The report, developed by the FPC QR Code Interface Work Group, highlights critical usability factors affecting adoption, including legacy POS system limitations, integration complexities, scanning device compatibility, and network dependency.

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Is Vietnam Undergoing a Cashless Revolution?

Fintech News

The payment vertical continues to dominate, with 48 companies and a share of 21.8%. It’s followed by point-of-sale (POS) terminals with 24 companies and a share of 11%; cryptocurrency and blockchain with 22 companies and a share of 10%; and peer-to-peer (P2P) lending with 21 companies and a share of 9.5%.

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Nexi Group Enables Swiss Merchants to Accept Consumer Payments via WeChat Pay

Fintech Finance

Nexi Group , the European PayTech, has collaborated with WeChat Pay to enable Swiss merchants to accept payments at the point of sale (POS) via the WeChat Pay app. The post Nexi Group Enables Swiss Merchants to Accept Consumer Payments via WeChat Pay appeared first on FF News | Fintech Finance.

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Adyen Continues to Pioneer the In-Person Payment Space with Host of New Industry-Defining Products

Fintech Finance

We see our customers still highly value in-person touchpoints and we are continuing to differentiate ourselves within the payments industry to be the market leader in omnichannel solutions. This product update is a testament to our ambition in the unified commerce space,” commented Derk Busser, VP Product – Payment Channels, at Adyen.

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Visa Tap to Phone Adoption Grows 320% in the UK

Fintech Finance

Today, Visa announced that Tap to Phone a technology that turns a smartphone into a point-of-sale (POS) device – has experienced a 200% increase globally over the past year, supporting millions of sellers of all sizes worldwide. In the UK, Tap to Phone adoption is even higher, at a growth rate of 320% [1].

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Mutual Trust Bank Implements New Payment Gateway to Enhance E-Commerce Acquiring Capabilities

The Fintech Times

We look forward to continuing our collaboration to bring advanced payment solutions to the Bangladesh market.” ” Mutual Trust Bank currently boasts a network of 120 branches, 306 ATMs and over 4000 Point of Sales (POS) machines.