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    Archive: News in brief

    Visa signs up US banks for Visa Digital Commerce App

    June 8th, 2016

    More than 40 US financial institutions have begun implementing the Visa Digital Commerce App, an issuer-branded mobile app that enables card management services such as account balance information, card controls and alerts. The platform also includes token services for NFC mobile payments. “The Visa Digital Commerce App brings together a comprehensive set of services to empower financial institution clients of all sizes to quickly offer their own digital payment experience to cardholders,” says Visa’s Oliver Jenkyn.

    Stripe offers free processing with Android Pay

    June 8th, 2016

    Payment processor Stripe is offering free processing for Android Pay payments in the US and across the UK for a limited time. “Just complete your integration by mid-July and we’ll waive all Stripe fees for payments made with Android Pay for the rest of the year,” the company says.

    Apple Pay to launch in Switzerland next week

    June 8th, 2016

    Apple Pay is expected to make its launch in Switzerland next week, according to Finews. Cornèr Bank will be one of the first to support the mobile payment service in the country, the German language publication reports.

    ICBPI to launch instant payment platform

    June 7th, 2016

    Istituto Centrale delle Banche Popolari Italiane (ICBPI) is to establish an instant payments solution in the first quarter of 2017 in partnership with Danish payment services provider Nets. “Based on the very successful implementation of Nets RealTime24/7 solution in Denmark, the ICBPI’s instant payment platform will serve the Italian Payment Service Providers (PSPs),” Nets says. “There will be no limit to the use cases but the focus will be on mobile payments, initially targeting P2P payments.”

    Mahindra Comviva wins GTB innovation award

    June 7th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva and mobile network operator Airtel Tanzania have jointly won the Global Telecom Business (GTB) Innovation Award for Airtel Money Tap Tap NFC Payments in the customer service category. “Airtel Money Tap Tap NFC Payments is the first-of-its-kind closed-loop NFC payments service that brings a paradigm shift in mobile money-based merchant payments, which so far were only performed using USSD and SMS,” Mahindra Comviva says. The service is powered by the company’s Mobiquity Money platform.

    UOB reports strong uptake of Apple Pay in Singapore

    June 7th, 2016

    Singapore bank UOB expects that NFC mobile payments will account for 10% of all its card transactions by 2020 on the back of “swift adoption of Apple Pay”, according to The Business Times. Around 19,000 cards from UOB have been enabled for Apple Pay in just two weeks since the bank announced its support for the service in May 2016.

    Tencent to ramp up WeChat Pay in Japan

    June 7th, 2016

    Chinese internet giant Tencent is working to roll out its WeChat Pay mobile payment service to 10,000 Japanese stores by the end of 2016. “WeChat Pay, linked to the popular WeChat messaging app, lets its more than 300m users pay via smartphone at 300,000-plus locations in China,” Nikkei reports. “Only a few Japanese stores have adopted it so far. The plan is to have 20,000 stores in Japan accept WeChat Pay as soon as possible.”

    Samsung Pay to launch in Australia next week

    June 7th, 2016

    Samsung Pay is expected to launch in Australia next week, an invitation to a press conference scheduled for June 15 reveals. “A hands-on demonstration at the event means that local infrastructure is almost certainly in place so a widespread customer launch is likely to be imminent or immediate,” Gizmodo Australia reports. American Express revealed it was gearing up to support Samsung Pay in Australia in April 2016.

    Microsoft to open up Windows Hello to wearables

    June 6th, 2016

    Microsoft is to open up its Windows Hello biometric authentication solution so users can unlock a Windows 10 PC or laptop with a wearable device, the company announced during a keynote at Computex in Taiwan. “The head of Microsoft’s Windows Interact division, Li-Chen Miller, demonstrated the technology using the Nymi Band,” CNET reports. “By swiping her wrist past an NFC reader on her laptop, Miller logged in using Windows Hello, saying the process was three times quicker than typing passwords.”

    HDFC Bank to launch mobile payments in India

    June 6th, 2016

    India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay. “PayZapp contains a prepaid wallet and a virtual prepaid card,” Times of India reports. “Bank customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.”

    Emirates NBD to launch digital bank for millennials

    June 6th, 2016

    Emirates NBD has announced plans to launch the UAE’s first digital bank targeted at millennials as part of its commitment to invest AED 500m (US$136m) in “digital innovation and multichannel transformation” over the next three years. The digital bank will offer customers “the next generation of self-service money management with useful tools and applications,” the bank says.

    GlobalPlatform reports on secure element shipments

    June 6th, 2016

    A total of 17.7bn secure elements (SEs) based on GlobalPlatform specifications were deployed globally between 2010 and 2015, representing 41% of all SE shipments in that same period, the standards body has revealed. “This is a very significant announcement, which shows just how far the secure chip technology industry has advanced in recent years,” says GlobalPlatform’s Kevin Gillick.

    European Commission approves Visa’s acquisition of Visa Europe

    June 3rd, 2016

    The European Commission has approved the proposed acquisition of Visa Europe by Visa. “Visa has now received all regulatory approvals required for the acquisition,” Visa says. “The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc’s fiscal third quarter of 2016. Visa will announce the closing once it has occurred.”

    VTB Mobile Pay adds MasterCard support

    June 3rd, 2016

    Customers of VTB Bank in Georgia can now add their MasterCard debit and credit cards to its VTB Mobile Pay host card emulation (HCE) based mobile payment service following its launch with Visa and technology provider PriNum in October 2015. “The reception of Mobile Pay since its launch has been positive and the service has already seen success in terms of availability and adoption by consumers,” says PriNum CEO Andriy Galyapa.

    Apple Pay’s global impact remains “small”

    June 3rd, 2016

    Apple Pay has “made only a small dent in the global payments market” due to technical challenges, low consumer take-up and resistance from banks, according to a report by Reuters. “Apple Pay usage totaled US$10.9bn last year, the vast majority of that in the US,” the publication says, citing research from Timetric. “That is less than the annual volume of transactions in Kenya, a mobile payments pioneer.”

    Mobile ticketing market to see major growth

    June 2nd, 2016

    The global mobile ticketing market is expected to grow at a compound annual growth rate (CAGR) of around 16% between 2016 and 2020, according to Technavio. “In 2015, EMEA dominated the global mobile ticketing market by accounting for around 42% of the overall market share,” the firm says. “The QR and barcodes segment accounted for around 50% of the market in 2015 to become the dominant shareholder.”

    Seqr expands in Romania

    June 2nd, 2016

    Raiffeisen Bank has signed an agreement with Swedish mobile payment specialist Seamless to enable its customers in Romania to make payments using the Seqr mobile payments platform. “The agreement marks an initial step by the bank in offering its customers in Romania the possibility of connecting the Seqr Seamless mobile payment solution to their bank accounts,” Seamless says.

    Gulf Bank Kuwait gets biometric authentication

    June 2nd, 2016

    Customers of Gulf Bank Kuwait can now log in to their mobile banking app by scanning their face or fingerprint through mobile biometric technology provider Daon’s IdentityX platform. “Daon’s IdentityX platform provides fingerprint, face and voice recognition, along with other authentication factors which will provide convenient, fast, secure authentication for Gulf Bank Kuwait’s customers,” Daon says.

    Contactless on the increase in Canada

    June 2nd, 2016

    The value of contactless payments made by Canadian consumers increased by around C$30bn (US$22.8bn) in 2015, on the back of more than 1.2bn transactions, Technology Strategies International reveals. “Only about one in six people who own contactless payment options do not use them,” says the company’s president Christie Christelis. “People are using their contactless payment cards more and more frequently, approaching three times a month on average.”

    Square offers weekly payment plan for contactless readers

    June 2nd, 2016

    Square’s contactless chip reader can now be paid for in instalments of US$1 per week for 60 weeks. “We know that cash can be tight as you are getting your business up and running but that doesn’t mean you should miss out on the best technology available,” the company says. CEO Jack Dorsey revealed in March 2016 that Square has received more than 350,000 pre-orders for the reader. The company began rolling out its first contactless readers in November 2015.

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