The value proposition for using mobile payments must be clearly stated to customers in order to change their behaviour from using plastic cards to mobile phones, says the Federal Reserve Bank of Boston following the completion of a research project that tested four mobile wallet models including NFC and QR codes... More
Mobile wallet
Apple Pay to launch in Taiwan on March 29?
Apple Pay will launch in Taiwan on March 29 with support from Cathay United Bank, CTBC Bank, E Sun Commercial Bank, Standard Chartered Bank, Taipei Fubon Commercial Bank, Taishin International Bank and Union Bank of Taiwan, according to Focus Taiwan... More
Wells Fargo to add NFC mobile withdrawals to ATMs later this year
Customers of US bank Wells Fargo will be able to withdraw cash from ATMs using an NFC-based mobile payments service such as Apple Pay, Android Pay and Samsung Pay when the bank rolls out an upgrade across the US “later this year”. More
Android Pay to launch in Korea in May?
Android Pay will launch in Korea in May with support from Shinhan Card, Hyundai Card, Lotte Card and Hana Card, according to ETNews... More
Apple Pay struggles in China in the face of tough competition
Apple Pay is “struggling” in China due in part to a minority smartphone market share and consumers being “far more accustomed” to competing services such as Alipay and Tencent’s WeChat Pay... More
Samsung Pay goes live across India with support for Paytm and UPI money transfers
Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More
Samsung Galaxy S8 to feature Bixby virtual assistant
A virtual assistant called Bixby will come preinstalled on a “subset” of applications on Samsung’s upcoming Galaxy S8 flagship smartphone, Samsung has confirmed... More
Paytm adds insurance to mobile wallet
Indian mobile wallet provider Paytm has added an insurance feature to its service that covers users for fraudulent transactions of up to Rs 20,000 (US$306) due to loss of device or unauthorised access to the service... More
Samsung Pay set for India launch on 22 March
Samsung Pay will officially launch in India on 22 March, according to Gadgets 360... More
ABN Amro shares lessons learned deploying a mobile wallet service
Knowledge Centre Convenience, speed, reliability and security are the four most important pillars to building and delivering a successful mobile payment service, says Dutch bank ABN Amro’s senior product manager for mobile payments. Seven key lessons learned along the way are also shared in an in-depth paper which is now available in the NFC World Knowledge Centre. More
Paytm ‘goes global’ with payment app in Canada
Indian mobile wallet provider Paytm has launched in Canada, marking the service’s first expansion outside India... More
India opens way for direct mobile wallet transfers?
Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers... More
Australian banks brand non-NFC alternatives to Apple Pay ‘unrealistic’
Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian banks seeking access to the iPhone’s NFC functionality say in their latest submission to the Australian Competition and Consumer Commission (ACCC)... More
Vodafone Wallet adds PayPal in the Netherlands
Vodafone has added PayPal as a payment option to its NFC-based Vodafone Wallet mobile payment service in the Netherlands... More
Boston Fed calls for more education to boost mobile payments
The Federal Reserve Bank of Boston says awareness of mobile payments “continues to grow” but “more education for consumers and employees” is needed to achieve mass adoption of mobile and digital wallets... More
JPMorgan Chase to buy MCX payments technology
US bank JPMorgan Chase is to acquire the payments technology of US retailer-led consortium MCX to “help expand” the Chase Pay mobile payments service... More
Mastercard analyzes social media payments buzz
Digital wallets were the new way to pay most discussed by consumers on social media in 2016, the 2017 edition of the Mastercard Digital Payments Study has found, with consumers around the world also increasingly interested in the payments possibilities of virtual reality, artificial intelligence, smart home assistants, wearables, and the Internet of Things... More
Turkish retailer adds payments to Messenger bot
Istanbul-based mobile retailer Getir has integrated Mastercard’s Masterpass service into its Facebook Messenger bot, enabling customers to choose products, place their order and pay from within a chat window... More
Samsung Pay to launch in India with support from five Visa and Mastercard issuers — and Paytm
Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service. More
Rambus unveils Unified Payment Platform for mobile payments and loyalty
PARTNER NEWS: Rambus has unveiled a mobile payments platform that will allow retailers to launch mobile payment and loyalty services that securely store and manage a variety of payment cards, as well as gift cards and loyalty points, to enable consumers to pay with credit, points and coupons in a single transaction at the point of sale... More