Hong Kong Telecommunications (HKT) subsidiary HKT Payment has launched a SIM-based NFC mobile payment service to let customers of its 1010 and Csl mobile service brands pay at more than three million locations worldwide which accept MasterCard PayPass, using funds stored in their Tap & Go mobile wallet account... More
mcommerce
US shoppers buying into mobile payments
Almost one in five US consumers (18%) have used a mobile device to make either an in-store or online purchase, up from 16% in 2014 and 12% in 2013, research from Synchrony Financial reveals, based on nearly 7,000 Synchrony Bank cardholders and shoppers nationwide... More
One in five Starbucks sales in the US made with mobile payments
Coffee chain Starbucks is processing nearly nine million mobile payments a week across its US locations, representing 20% of all in-store transactions, CEO Howard Schultz revealed during the company’s third quarter earnings call... More
Reserve Bank of India asked to increase mobile wallet limit
One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157)... More
Purchases on Google test confirmed
Google has confirmed it is testing a Purchases on Google service with a “limited number of retailers”, following rumours of the company’s plans in May... More
Gemalto shows trusted service hub in Shanghai
PARTNER NEWS: Gemalto will show off its Allynis Trusted Service Hub (TSH) at Mobile World Congress Shanghai this week, alongside demonstrations of other mcommerce, NFC, mobile ID and internet of things solutions... More
Shoppers spend more on iPhones than Android
Shoppers making online mobile payments using an iPhone have an average transaction value (ATV) of £54 compared to Android users with £49, Adyen’s 2015 Q2 Mobile Payments Index reveals... More
Barclays to support Zapp ‘Pay by Bank app’ mobile payments
Barclays has become the latest bank to announce its support for Zapp, a mobile payments startup formed by payments infrastructure operator VocaLink that will work via an integration with existing mobile banking apps for online payments initially, with in-store payments based on NFC to be launched at a later date... More
France’s Teleshopping network tunes into PowaTag mobile payments
More than 400,000 viewers of France’s largest television shopping network will soon be able to buy products featured on the TV channel by holding up their smartphone to the screen to scan audio tags that will then redirect them to the item’s online page where they can make a purchase using their stored payment information... More
Mahindra Comviva and Pole SCS in European partnership
Mobile financial solutions firm Mahindra Comviva has signed a strategic agreement with Pole SCS, a south-east France technology cluster, to roll out new contactless and mobile services across Europe with a key focus on hybrid HCE and smart tokenization... More
One in five Australians make in-store mobile payments
Three in ten Australians plan to use their smartphone for all their digital money and financial needs by 2017 and one in five (17%) are already using their smartphones to make in-store payments, research from lender Fair Go Finance reveals... More
Alibaba and Ant Financial invest nearly $1bn in Koubei mobile commerce platform
Chinese e-commerce giant Alibaba and Alipay parent Ant Financial have each invested RMB3bn (US$483m) into Koubei, a joint venture that will let consumers order and pay for local services in China using their smartphone, “with an initial focus on the food and beverage segment”... More
Boston Fed explores tokenization in the US
The Mobile Payments Industry Workgroup (MPIW) of the Federal Reserve Bank of Boston has published a white paper providing an overview of the current US payment tokenization landscape for mobile and digital commerce... More
Ericsson and Verifone bring NFC mobile payments to developing world
Swedish telecoms giant Ericsson has partnered with Verifone Mobile Money to add support for NFC and contactless payments to its mobile commerce platform, enabling its carrier customers in emerging markets to add in-store mobile payments capabilities to their mobile money services... More
SEQR mobile payments to launch in US
Mobile payment solution SEQR, developed by Swedish m-commerce software firm Seamless, is to launch in the US, making it the eleventh country where the system is available... More
Shazam launches visual recognition marketing platform with global brands
Shazam has launched a visual recognition marketing platform that lets its mobile app users scan Shazam-enabled logos or QR codes placed on images to access custom mobile experiences including interactive content, special offers and the ability to purchase items or share them with others... More
Pinterest shows off buy buttons
Pinterest has demonstrated how developers could place ‘action buttons’ inside the app that would let users buy items or add them to wishlists... More
NTT Docomo rolls out Fido biometrics platform in Japan
NTT Docomo has become the world’s first mobile network operator (MNO) to deploy Fido authentication throughout its network, allowing it to replace passwords for millions of customers across its services with a range of enhanced authentication methods including both fingerprint- and iris-based biometrics... More
Danske Bank to integrate PowaTag platform with mobile payments app
Denmark’s Danske Bank is to build support for mobile commerce platform PowaTag into its MobilePay app, allowing two million Danes to order and pay for goods with their smartphones via ‘virtual boutiques’ generated by PowaTag Codes placed within print, broadcast and out-of-home (OOH) advertising... More
US mobile payments to hit $487bn
US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”... More