The Reserve Bank of India (RBI) has increased the limit of money that can be kept in a mobile wallet to Rs 20,000 (US$291) from Rs 10,000 (US$145.5) following the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
Mobile wallet
120m mobile wallets connect to MFS Hub
Some 120m mobile wallets in Sub-Saharan Africa are now connected to mobile financial services provider MFS Africa’s MFS Hub... More
Apple Pay advertising sparks strong rise in contactless payments at vending machines
Digital advertising promoting the availability of Apple Pay at unattended vending machines has resulted in a 36.5% increase in overall sales for cashless vending machine technology provider USA Technologies (USAT) as well as a 135.2% increase in NFC mobile payments, a six-month study now available to download from the NFC World Knowledge Centre reveals... More
DigiTally project enables mobile money transfers without network coverage
A project enabling mobile money transfers to take place at the point of sale in areas of less-developed countries with poor or no mobile network coverage has been unveiled, by removing the reliance on SMS messaging, and, instead, allowing two people to conduct a payment by copying short authentication codes between their phones... More
Indian mobile wallet ‘ready for 300m users’
Indian mobile wallet provider MobiKwik says it is ready to serve 300m users, up from its current 35m customer base, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes from circulation... More
PwC in digital currency project for everyday banking
Global consultancy firm PwC has joined forces with US blockchain technology outfit Bloq to create a platform allowing digital currencies to be used for everyday banking... More
RBL Bank brings Masterpass QR mobile payments to India
Customers of India’s RBL Bank can now make QR code-based mobile payments using Mastercard’s Masterpass QR mobile payments solution, which has been integrated as a payment option within the bank’s OnGo mobile wallet... More
Indonesian mobile wallet joins with blockchain money transfer network
Hong Kong-based blockchain money transfer network OKLink has teamed up with Doku, an Indonesian mobile wallet, to provide customers with cheap, real-time money transfers... More
Samsung Pay to launch Samsung Rewards programme in the US
Samsung Pay is to launch a rewards programme in the US this week that will let users earn points for each purchase, which can be redeemed for items such as gift cards at participating stores, prepaid Samsung Rewards Visa gift cards, Samsung products “and more”, the company says... More
Apple’s NFC restriction hits mobile payments innovation, Australian banks claim
The group of Australian banks taking on Apple over access to the NFC technology within iPhone handsets says the restriction is not only preventing the introduction of mobile wallet services across multiple platforms but also proving detrimental to continued investment into mobile payment apps... More
Banca Intesa launches HCE mobile payments in Serbia
Customers of Serbia’s Banca Intesa — a subsidiary of Italian banking group Intesa Sanpaolo — have become the first in the Balkan country to be able to make host card emulation (HCE) based mobile payments, using their Visa debit cards at any contactless terminal... More
Orange Cash supports Apple Pay
Orange’s mobile wallet app Orange Cash now supports Apple Pay in France, with support from German payment firm Wirecard, the operator has announced... More
Citibank launches Citi Pay mobile wallet and NFC payments service
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 countries... More
One million MTN Rwanda customers to get NFC mobile payments service
One million subscribers of mobile network operator MTN Rwanda’s MTN Mobile Money service will be able to make in-store payments at thousands of retail outlets within six months using their NFC mobile phones through MTN Tap&Pay, unveiled in collaboration with Verifone Mobile Money and NFC technology provider Youtap... More
Apple Pay promotes web payments with holiday deals
Apple is promoting the use of Apple Pay for web payments with a string of holiday offers from US retailers including Adidas, Casper, Grubhub and Instacart... More
Walmart Pay to add more payment options
US supermarket giant Walmart is in talks with “several mobile wallet companies” to offer more payment options within its Walmart Pay QR code-based mobile payment service, the retailer tells Reuters... More
Apple says Australian banks are ‘not interested’ in promoting mobile payments competition
Apple is claiming the group of Australian banks pushing for the company to open up access to the NFC technology within its handsets is “not interested in promoting competition in mobile payments” within the country... More
Caffè Nero to build mobile payments with Yoyo Wallet
Coffee chain Caffè Nero is to build a mobile payment and loyalty platform for its customers using technology supplied by QR code-based platform Yoyo Wallet... More
Mobile payments and IoT trends for smartwatches
Internet of things, monitoring for insurance and mobile wallet expansion are three of the key emerging smartwatch app trends found in research by Parks Associates... More
Mastercard distributes digital humanitarian funds
Mastercard has launched a pilot program with the American Red Cross to use Mastercard Send to distribute funds to families in Indonesia via their mobile phones to buy water and other items during the drought season... More