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    Archive: News in brief

    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.

    Samsung Pay Mini to launch on iOS

    June 1st, 2016

    The Samsung Pay Mini online payments app expected to go live in South Korea this month will be compatible with Apple devices as well as Android smartphones, according to ETNews. “Samsung Electronics is planning to provide this application for free and has designed it so that it can be used on all smartphones such as iPhones and LG Electronics’ phones,” the publication reports. News that Samsung is preparing to roll out the Samsung Pay Mini app emerged last week.

    Canadian banks go live with Apple Pay

    June 1st, 2016

    Customers of Canada’s TD Bank, Scotiabank and BMO Bank of Montreal can now make in-store and in-app payments using Apple Pay. TD Bank and Scotiabank announced that they would be supporting Apple Pay last month, but “the three major banks’ launch is coming sooner than anticipated,” says the Financial Post. Apple Pay launched in Canada with the support of American Express alone in November 2015.

    Samsung Pay to begin beta test in Singapore

    May 31st, 2016

    Samsung Pay has invited a “select group of consumers” in Singapore to begin beta testing the mobile payment service ahead of an anticipated launch in Q2 2016. “Response from consumers is encouraging, with thousands who have signed up,” Samsung says. “Registration has now closed and eligible consumers will be notified progressively ahead of the Samsung Pay Beta Test Program.” Citibank Singapore has also announced that it will support Samsung Pay when it launches in the country.

    Mobile biometrics market to see major growth

    May 31st, 2016

    The global mobile biometrics market will grow at a compound annual growth rate (CAGR) of more than 103% between 2016 and 2020, research from Technavio predicts. “The increase in the adoption of mobile devices for financial transactions is the primary driver for the market,” the firm says.

    Gemalto explores seven myths about mobile NFC

    May 31st, 2016

    PARTNER NEWS: Digital security giant Gemalto has published a list of the seven most common myths about mobile NFC which explores the reasons why some consumers may not be prepared to use the technology on their mobile device. ‘7 myths about mobile NFC’ answers questions about the security of NFC, looks at why some believe the technology is still not mature enough and challenges the belief that the infrastructure for NFC payments is not yet in place.

    Absa takes banking to Twitter

    May 30th, 2016

    Africa’s Absa Bank has launched ChatBanking, a service that will let customers conduct day-to-day banking on social network Twitter. “In a one-time only process, you will register in a secure environment which will link your Twitter profile to your Absa bank account,” Absa says. Customers can use the service to check their balance, buy airtime or data and view recent transactions. Emirates Islamic Bank also launched a banking service using Twitter in April 2016.

    UOB to lift NFC mobile payment limit in Singapore

    May 30th, 2016

    Singapore’s United Overseas Bank (UOB) will lift the S$100 (US$73) contactless transaction limit for NFC mobile payments at all of its point-of-sale terminals by the end of next year. “The limit has been removed at 2,000 of its 10,000 terminals so far,” UOB says. “With the removal of the limit, mobile contactless payments made at UOB terminals through Apple Pay or UOB Mighty Pay for Android phones will have no limit other than the customer’s own credit or debit card limit.” The bank launched its host card emulation (HCE) based UOB Mighty Pay service in November 2015.

    Samsung to ease online payments with new app

    May 27th, 2016

    Samsung is to launch a smartphone app in South Korea that will make it easier for consumers to make online payments using Samsung Pay, ETNews reports. “Samsung is commercialising a separate application called Samsung Pay Mini in June to strengthen online payments,” the publication says. “Samsung has designed it so that cards can be registered in it and be used for online shopping malls or online stores. Samsung Card, Lotte Card and Hana Card already decided to participate.”

    Apple Pay to expand rapidly in Asia and Europe

    May 27th, 2016

    Apple is “working rapidly” to expand Apple Pay across more countries in Asia and Europe, Jennifer Bailey, VP of the mobile payment service, has told TechCrunch. “Our goal is to have Apple Pay in every significant market Apple is in,” Bailey said. “We have announced Hong Kong, [and] across the [Asia Pacific] region, we’re talking to many partners and banks and evaluating how quickly we can bring Apple Pay to new markets.”

    MasterCard collaborates on speeding up EMV checkout

    May 26th, 2016

    MasterCard is working with other payment networks, acquirers and processors to develop a standard that will reduce EMV checkout times. “These efforts will be based on the company’s M/Chip Fast solution,” MasterCard says. “It builds on the principles of contactless or tap and go technology, helping to speed EMV transactions and shoppers through checkout lines. Testing and certification for M/Chip Fast is streamlined for efficient adoption.” The company unveiled M/Chip Fast in April 2016.

    Samsung Pay to launch in Spain next week

    May 26th, 2016

    Samsung Pay will launch in Spain next week, marking the mobile payment service’s first expansion into Europe, City A.M. reports. Samsung is also “working on features beyond tap and pay to set it apart when it launches later this year in the UK,” the publication says. Samsung Pay announced its global expansion plans during a keynote at Mobile World Congress in February 2016.

    BLE beacons to deliver 1.6bn coupons a year by 2020

    May 26th, 2016

    Almost 1.6bn coupons will be delivered annually to consumers via Bluetooth Low Energy (BLE) beacon technology by 2020, Juniper Research forecasts. “This is up from just 11m this year, as retailers seek to develop proximity marketing campaigns in and around their stores,” the firm says. “Spend on digital retail marketing is set to increase from US$174bn in 2015, to $362.1bn by 2020.”

    Android Pay adds 47 banks

    May 26th, 2016

    Google has added a further 47 banks and credit unions to its list of Android Pay supporting financial institutions. Capital One was originally amongst the banks added to the updated list, according to Android Police, but was later removed.

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