8 More Places Thriving on Payment Technology
Published February 17, 2013 8:53 AM
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Updated October 20, 2016 10:56 AM
1 Min Read
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France
In 2009, the French government, working with the French tech company Gemalto, launched a series of funding to test Near Field Communication payment technology in Nice . Fime SA has been working out the kinks of that test while piloting programs in other French cities. (Image: ThinkStock)
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St. Louis
This city's smaller population, compared to the likes of New York, makes it a good test bed for companies such as FreedomPay, which tests its Vibe mobile wallet here. As a city, it has large enough population to provide a tech-savvy audience while still being small enough to have a close-knit merchant community. (Image: ThinkStock)
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Shanghai, China
Chinas contactless payment systems will see exponential growth this year, with Shanghai becoming the countrys payment technology center, according to a report by Capgemini . Chinas leading payment method is the UnionPay card , which is accepted in 135 countries. (Image: ThinkStock)
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Disney World and Hersheypark
Just as Hersheypark in Hershey, Pa., dropped its payment wristbands , Walt Disney Co. unveiled details of its planned MagicBands, designed to make payments, skip long lines and in the future allow costumed characters to identify Disney World visitors by name. (Image: Bloomberg News)
San Jose, California
The capital of Silicon Valley is home to eBay Inc. and its payment subsidiary, PayPal. PayPal, once an online-only payment method, has become an aggressive player at the point of sale. After testing Bling Nation's payment system with San Jose merchants, PayPal moved on to the cloud-based system it offers today. (Image: ShutterStock )
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Singapore
After last years skimming scandals in Singapore , the Southeast Asian country has taken steps to create a more secure financial services industry while pushing payments technology. In March 2012, the Swiff mobile card-reader launched. Plus DBS Bank Ltd. created a branch last year taking advantage of QR codes and mobile Near Field Communication technology. (Image: ThinkStock)
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Georgia
The ATM maker NCR, which was founded in Ohio in 1884 as National Cash Register, moved to Duluth, Ga. , a few years ago to take advantage of the region's talent pool, as well as certain tax incentives. (Image: ThinkStock)
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Sweden
The Swedes have long been early adopters of technology. Only 3% of transactions are made with cash in Sweden and soon the country could be a completely cashless society , according to Al Jazeera. Last summer the four largest mobile network operators in Sweden announced a venture to promote an NFC-enabled mobile wallet to cover 97% of mobile subscribers. (Image: ThinkStock)
