News about the NFC market in China — trials, pilots, tests and live services.
July 25th, 2016
Mastercard is planning to apply to become a payment service provider (PSP) in China this year but is still deciding whether to do so alone or with a partner, according to Reuters. “China in June allowed foreign payment card companies to operate in the country under new rules,” the publication reports. “Under the rules, China’s national security and cyber security standards must be met. Applicants must also hold 1 billion yuan (US$150m) in registered capital in a local company.”
July 25th, 2016
People’s Bank of China (PBOC) is working to create a system for regulating QR code mobile payments in the country, after it suspended QR code-based services run by third-party payment providers in March 2014. “Payment providers including Alipay and Tenpay, along with a number of commercial banks, have continued marketing their QR code payment services,” Caixin reports. “A source close to the central bank said that the 2014 ban was put in place because there were no rules or standards for third party QR code payment services.” PBOC also moved to open up Chinese mobile payment services in August 2015.
July 20th, 2016
Apple has added a further 13 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “The system now supports over 1,200 individual banks and credit unions in the US alone,” iMore reports. “This is in addition to the more than 30 financial institutions supported across Australia, Canada, China, Singapore and the UK.” The mobile payment service launched in France earlier this week as well as in Hong Kong.
July 19th, 2016
Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform.
July 15th, 2016
Samsung Pay will begin rolling out across Brazil on July 19, Samsung has confirmed, making it the first market in South America to introduce the mobile payment service. It will be supported by both MasterCard and Visa as well as Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro, and Santander.
July 13th, 2016
Customers at Starbucks stores in China will now be able to pay for their order using their mobile phone and the coffee giant’s QR code-based mobile payment service which has now been launched in 2,200 locations across the country.
July 13th, 2016
Samsung Pay has gone live in Puerto Rico with support from Banco Popular, the country’s largest bank. The service is supported by MasterCard and Visa and is available from mobile network operators AT&T, T-Mobile, Sprint and Claro.
July 7th, 2016
Swiss luxury watchmaker Swatch has launched its Swatch Bellamy NFC payments watch in Brazil in partnership with Visa in time for the Rio 2016 Olympic and Paralympic Games.
June 29th, 2016
The Bluetooth-based mobile keyless entry solution unveiled by Starwood Hotels and Resorts Worldwide in November 2014 has been extended to select Le Méridien, Westin, Sheraton and Four Points hotels, with “many additional properties” expected to go…
June 28th, 2016
Bankcard association UnionPay International has launched its host card emulation (HCE) and tokenization based mobile payment service in South Korea, enabling its cardholders to pay by tapping their mobile phones. The launch of UnionPay HCE mobile QuickPass is supported by mobile network operator KT and its subsidiary BCcard.
June 20th, 2016
Alipay parent company Ant Financial is seeking to buy a 20% stake in Thai online payment provider Ascend Money and to increase its stake to 30% at a later date. “Ascend’s subsidiaries include True Money, an online payment service provider, and Ascend Nano, a licensed financial services provider,” Reuters reports. “Ant Financial, whose Alipay payment platform dominates the online payments industry in China, is looking to expand its presence overseas.”
June 15th, 2016
Samsung Pay has launched in Australia with support from American Express and Citibank. The service is available for those with compatible Samsung smartphones, with specific availability varying by local operator.
June 13th, 2016
Apple Pay is expanding to Switzerland, France and Hong Kong in the “next few months” and will be made available for online payments via an Apple Pay button that uses Touch ID for authentication, the company has announced during a keynote at its Apple Worldwide Developers Conference (WWDC).
June 10th, 2016
Samsung Pay is to begin rolling out across Singapore on June 16, making it the first country in Southeast Asia to get the mobile payment service. It will launch with support from American Express, MasterCard and Visa and major banks.
June 7th, 2016
The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research…
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.”
June 6th, 2016
Owners of Mobvoi’s Ticwatch will soon be able to make NFC payments at contactless terminals across China as the result of a partnership between the smartwatch maker, China UnionPay (CUP) and Oberthur Technologies (OT).
June 3rd, 2016
Chinese tourists will soon be able to make payments at 210,000 store locations in Germany serviced by payment provider Concardis using Ant Financial’s Alipay mobile payment platform. The move marks the service’s launch into Europe after the company unveiled its expansion plans at Money20/20 Europe in April 2016.
June 3rd, 2016
Samsung Pay has begun rolling out across Spain, making it the first European market where the mobile payment service is available. The service has launched with support from CaixaBank and ImaginBank and will also be available for customers of Abanca and Banco Sabadell “soon”.
May 20th, 2016
Alipay users across China will now be able to make in store payments by scanning QR codes through the mobile payment platform using Samsung Pay, as a result of a partnership between Samsung and Alipay…