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    Singapore

    News about the NFC market in Singapore — trials, pilots, tests and live services.

    Apple Pay launches in Spain

    December 2nd, 2016

    Apple Pay has been officially launched in Spain, with Apple developing partnerships with Banco Santander, payment giants American Express and Mastercard, retailer Carrefour and prepaid meal payment service Ticket Restaurant. Spain becomes the thirteenth country… More

    Apple Pay offered for HSBC Singapore customers

    December 1st, 2016

    Apple Pay is now available for HSBC Singapore customers holding Visa and MasterCard credit cards, allowing them to make payments in stores with Visa payWave or MasterCard contactless payment terminals. “We believe the security, privacy and convenience Apple Pay brings will appeal to all our customers, especially those who are also active users of our digital banking services,” says Anurag Mathur from HSBC Singapore. The bank is offering S$5 (US$3.50) off every Apple Pay transaction until 15 January 2017, with a minimum spend of S$10, as a promotional offer.

    Android Pay launches with single bank support in New Zealand

    December 1st, 2016

    Android Pay is launching in New Zealand initially only for customers of BNZ bank who own a Visa Flexi debit card. “New Zealanders have a longstanding affinity with electronic payments, as shown most recently by… More

    Samsung Pay adds Singapore transport payments with EZ-Link

    November 25th, 2016

    Samsung Pay users in Singapore can add their EZ-Link NFC SIM cards to compatible Samsung devices and pay for public transport as well as retail purchases, in the same way as they would using their… More

    Liquid Pay targets 25,000 retailers in Singapore with QR code mobile payments

    November 24th, 2016

    Some 25,000 retail locations in Singapore are expected to accept a new mobile payment service within the next 12 months. Liquid Pay enables consumers to make payments by scanning a QR code at the point… More

    OCBC bank in local and cross-border blockchain payments trial

    November 17th, 2016

    Singapore’s OCBC Bank says it has become the first bank in South East Asia to use blockchain technology in national and international payments. A pilot payment transaction took place on 8 November, involving a cross-border funds transfer between OCBC Bank and OCBC Malaysia, and a local funds transfer between OCBC Bank and Bank of Singapore. “This is a milestone not only for us but for Singapore as Asia’s financial hub as we pave the way to revolutionising the traditional cross-border payments model,” says Praveen Raina from OCBC Bank.

    Android Pay launches in Poland

    November 17th, 2016

    Android Pay has begun rolling out across Poland, allowing consumers with compatible devices to make payments at more than 400,000 retail locations in the country that accept contactless payments. The service launches with support from… More

    IBM in blockchain project with Singapore fintech startup

    November 15th, 2016

    IBM has announced a blockchain project with Singapore fintech startup KYCK! to enable the financial services provider to create new customer accounts more quickly and securely. Using the open source Hyperledger Project Fabric, KYCK! intends to provide brokerages a platform with video conferencing and encrypted document submission capabilities. “We have seen how blockchain can improve operational efficiency, increase transparency and reduce transaction risks,” says Darryl Tan, co-founder of KYCK!.

    Citibank launches Citi Pay mobile wallet and NFC payments service

    November 10th, 2016

    Citibank has launched a new mobile wallet using Mastercard’s Masterpass digital payment service, allowing up to 100m of its customers to make purchases online and in-app, as well as NFC mobile payments in-store, in 33… More

    PayPal launches Siri payment requests in 30 countries

    November 10th, 2016

    PayPal has enabled money transfers via Apple’s Siri voice command function, enabling users with iOS10 devices to make payments by speaking requests. The function will be available in 30 countries. “PayPal users can now send… More

    OCBC Bank adds Siri and iMessage payments

    October 31st, 2016

    Customers of Singapore’s OCBC Bank can now send money using Apple’s Siri virtual assistant or via text using Apple’s iMessage platform. “Users tell Siri whom to send the payment to and how much they want to send,” OCBC says. “Within the iMessage conversation screen, users can choose the OCBC Pay Anyone iMessage app to initiate the payment.” The Siri and iMessage services for OCBC Pay Anyone are available to all OCBC Bank customers using iOS10 devices and the latest OCBC mobile banking app.

    Smartphone users rate security most important app attribute, survey finds

    October 28th, 2016

    PARTNER NEWS: More than two thirds of smartphone owners use mobile banking apps, while nearly 80% consider security and reliability the most important attributes of a paid app, says a survey by Gemalto which is… More

    One in four use mobile wallets in Singapore

    October 28th, 2016

    More than a quarter (26%) of cardholders in Singapore now use a mobile digital wallet, with Apple Pay the most popular ahead of Android Pay and then Samsung Pay, Singapore Business Review reports. The average satisfaction score among users of mobile digital wallets is 718, 29 points higher than those who do not. Mobile wallet users spend an average of SGD$1,183 monthly, or $280 higher than among those who do not.

    Samsung Pay boss reveals plans for ‘more aggressive expansion’

    October 26th, 2016

    Samsung Pay is planning “more and more aggressive expansion”, global general manager Thomas Ko has told NFC World in an exclusive interview at Money2020 in Las Vegas, as it emerged a new Deals feature will… More

    School children test wearable payments in Singapore

    October 24th, 2016

    Singapore bank POSB has successfully completed the pilot test of a school contactless payments system that lets students make purchases in the canteen or bookstore and monitor their finances. The POSB Smart Buddy trial took… More

    Face recognition ticketing system unveiled

    October 24th, 2016

    Singapore-based ST Electronics is developing a transport ticketing system that uses facial recognition technology to recognise and charge commuters as they pass through fare gates. The Advance Fare Gate (AFG) “caters to the technology-savvy commuters who embrace cashless payment methods… and the latest modes of mobile payment,” the company says.

    UOB to launch NFC ATMs and instant credit card issuance

    September 14th, 2016

    Customers of Singapore’s United Overseas Bank (UOB) will soon be able to withdraw cash from ATMs with a tap of their NFC mobile phone and get instant digital credit card issuance straight to their smartphones… More

    Singapore aims for cashless society

    August 23rd, 2016

    Singapore plans to reduce the role of cash and checks by encouraging banks to switch to digital payments, according to the Monetary Authority of Singapore’s (MAS) Ravi Menon. “Menon said the MAS is asking the country’s banks to pass on to their customers the full cost of paper-intensive services,” Bloomberg reports. “The MAS also wants to see a majority of those transactions made using cellphones, or national ID or other secure numbers, rather than bank account numbers.”

    LTA signs up Mastercard for account-based contactless ticketing in Singapore

    July 26th, 2016

    Singapore’s Land Transport Authority (LTA) has signed a partnership agreement with Mastercard to begin piloting a new account-based ticketing system that will let commuters pay for their train and bus journeys using their existing contactless debit and credit cards. More

    Apple Pay adds 13 US banks

    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.

    Full list of NFC trials, pilots, tests and live services around the world...

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