News about the NFC market in Singapore — trials, pilots, tests and live services.
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.”
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.
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 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 14th, 2016
Google has begun rolling out its Android Pay mobile payment service in Australia with support from American Express and Visa. The service will be available from 27 banks and credit unions at launch and from an additional seven financial institutions “soon”. MasterCard support is expected “in a few days”.
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 6th, 2016
Banks in Singapore are working on a service that would let consumers make payments using their Facebook ID or Twitter username. “The system will allow electronic transfers between account holders who have registered their social media identities with their banks,” The Financial Times reports. “The service will be based on Singapore’s existing internal fund transfer system, known as FAST, which brings together 20 banks to allow near-instant fund transfers.” A pilot is due to take place in early 2017.
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 28th, 2016
Google has begun rolling out Android Pay across Singapore, marking the mobile payment service’s debut in Asia. It will work with MasterCard and Visa cards from DBS Bank, OCBC Bank, POSB Bank, Standard Chartered Bank and UOB.
June 17th, 2016
Samsung Pay has gone live in Singapore, enabling customers of Citibank Singapore, DBS Bank Singapore, POSB Bank Singapore, OCBC Bank and Standard Chartered to make mobile payments with their compatible smartphone wherever MasterCard or Visa is accepted. The mobile payments service launched in Australia on June 15 and plans to roll out Samsung Pay in Singapore on June 16 were revealed last week.
June 16th, 2016
Samsung is extending its global collaboration with Citi to deliver Samsung Pay within the Asia Pacific region, specifically in Singapore and Australia. “The partnership marks a new addition to Samsung Pay’s extensive portfolio of major payment networks and banks,” Samsung says. “Further additional markets will be added to the network in the coming months.” Samsung Pay launched in Australia earlier this week and began rolling out across Singapore this month.
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
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.
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.
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.
May 25th, 2016
Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major…
May 19th, 2016
Samsung Pay users across the US can now add their merchant membership and loyalty cards to the mobile payment service and receive savings, rewards and other offers by having a card’s barcode scanned by the cashier at the point of sale.
May 18th, 2016
Google has launched its Android Pay mobile payment service across the UK, allowing consumers to make payments at any contactless terminal with a tap of their Android handset. The service launches with support from MasterCard, Visa and eight British banks, “with new banks being added all the time,” the company says.