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News

02 January 2013

PayPass Locations Double in Europe in 2012

Retail locations accepting MasterCard PayPass contactless payment doubled in Europe in 2012, according to MasterCard Worldwide, a development that helps clear a path for more rollouts of NFC payment.

Retail locations accepting PayPass in Europe reached 255,000, MasterCard said in an announcement earlier this month. Most of the terminals likely accept Visa payWave, as well. The growing infrastructure gives European banks more of a reason to issue contactless EMV debit and credit cards and mobile operators to distribute NFC-based SIM cards and phones.

MasterCard said PayPass-enabled card number in Europe increased by 50% during the year, led by Poland, where banks have already enabled half their cards with PayPass. In addition, France, Germany, Italy, Turkey, Russia, Switzerland and the UK each have at least 1 million cards enabled with PayPass.

Some countries have much more than 1 million cards on issue, such as the UK, where there is an estimated 30 million contactless cards in circulation, most of them cards supporting Visa payWave. In other countries, MasterCard has a larger contactless footprint than Visa.

MasterCard has focused on such countries as Poland, Italy and Turkey, but said 26 European countries in all support PayPass, to some degree, apparently either for cards or terminals or both. That includes eight new countries in 2012.

http://nfctimes.com/



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