Monthly Archives: January 2017

The mobile money opportunity in India

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A new payments ecosystem emerging in India could see millions of people switch to cashless transactions. In India, only 45% of bank account holders report using their account for a transaction in the past 90 days. Until recently, nearly all financial transactions were conducted in cash. Late last year, the government of India took drastic […]

Youtap outlines standards for non-card NFC contactless payment devices

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AUCKLAND, New Zealand, 18 January 2017 – Youtap, a global provider of contactless mobile payments and financial services software, has outlined standards to govern the manufacture of non-card form factors used for contactless payments. Contactless payments (whereby a customer simply taps a card or tag on a card reader) are becoming the norm – especially […]

Launching contactless payments? Make sure NFC devices meet these standards

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Contactless payments (whereby a customer simply taps a card on a reader) are becoming the new norm – especially in public transport, where they make it convenient for passengers to ‘tap and pay’ fares for buses, trains, and ferries. Until now, most contactless payments systems have employed a rectangular plastic card, about the same size […]