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Singapores UOB to lift NFC mobile payment limit by 2017

Tuesday 31 May 2016 00:30 CET | News

Singapore’s United Overseas Bank (UOB) intents to lift the SGD 100 (USD 73) contactless transaction limit for NFC mobile payments at all terminals by the end of 2017. 

Until May 2016, UOB removed the limit at 2,000 of its 10,000 terminals, according to nfc.com.

In November 2015, the bank launched its host card emulation (HCE) service called Mighty Pay for transactions of any value at all Visa PayWave or MasterPass terminals.

UOB is a Singaporean multinational banking organisation headquartered in Singapore, with branches mostly found in most Southeast Asian countries.


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Keywords: UOB, NFC, mobile payments, contactless transaction limit, POS
Categories: Payments & Commerce
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