Samsung Pay now includes support for Wells Fargo credit and debit cards, resulting in the mobile payment service supporting cards from 70 banks and credit unions covering more than 70% of the US credit and debit card market... More
Mobile wallet
58% of millennials prefer friends to pay cash
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals... More
MasterCard to support Apple Pay in Canada?
MasterCard could begin supporting Apple Pay in Canada this year, according to a MacRumors report... More
Visa simplifies Checkout sign-ups
Visa Checkout users will soon be able to scan an image of their credit or debit card with their mobile device to sign up to the service, rather than having to enter their information manually... More
Android Pay to make UK debut in March?
Android Pay will launch in the UK in March, according to The Telegraph... More
Apple Pay to launch in France this year?
A “small handful” of major French banks are now poised to sign deals to bring Apple Pay to France “by the end of the year”, Les Echos reports, following months of negotiations over the share of transaction fees Apple should receive from card issuers... More
India’s Freecharge wallet signs another mPOS network
Indian closed-loop mobile wallet provider FreeCharge has partnered with mobile point of sale provider Ezetap to let its users make in-store mobile payments at “thousands of Ezetap service points consisting of small and mid-sized retailers across India”... More
Trust in Apple as a mobile wallet brand increases in the UK
Trust in Apple as a mobile wallet provider has increased to 25% among UK consumers, nearing the 27% trust shown for MasterCard, market researcher Marketing Sciences reveals... More
Connected car can find parking, reserve it and pay with a fingerprint
Car manufacturer Seat, Samsung Electronics and software giant SAP have created a technological alliance to develop connected car projects that could enable drivers to reserve car parking spaces and pay with a fingerprint using Samsung Pay. The companies are showing their ideas at Mobile World Congress this week. More
Telenor Wallet adds MasterPass
Customers of Hungarian mobile network operator Telenor can now make online and in-app payments using Telenor Wallet and MasterPass... More
Gemalto and Prosa bring HCE payments to Mexico
PARTNER NEWS: Digital security giant Gemalto and payment processor Prosa have partnered to bring host card emulation (HCE) based mobile payments to Mexico... More
CU Wallet to offer MasterPass to 120 credit unions
The 120 member credit unions behind mobile payment platform CU Wallet can now offer MasterCard’s MasterPass digital wallet service to their customers through their own branded mobile apps... More
G&D connects its issuers to MDES for tokenization
PARTNER NEWS: Giesecke & Devrient (G&D) has integrated its Convego CloudPay solution with the MasterCard Digital Enablement Service (MDES) to enable issuers to work directly with G&D to implement tokenization for their host card emulation (HCE) based wallets... More
Canada’s Interac debit network launches tokenization service
Canadian debit network Interac has unveiled its own token generation and management service that will enable financial institutions, merchants and its partners to build and manage secure digital payment experiences with support for tokenized digital debit transactions on any device or mobile wallet... More
FordPay to launch in Europe this year
FordPay, Ford’s virtual mobile wallet that forms part of the FordPass platform unveiled in January 2016, is to make its debut in Europe this year, the car-maker’s CEO Mark Fields has announced at Mobile World Congress... More
Chinese banks face lower fees to support Apple Pay
Banks supporting Apple Pay in China will pay approximately half the amount in fees that US banks are paying to support the service — and may have negotiated a lengthy initial holiday period, according to Caixin... More
Mahindra Comviva offers NFC cash withdrawals at ATMs
PARTNER NEWS: Customers using banking apps powered by Mahindra Comviva’s Mobiquity Wallet will soon be able to withdraw cash and top up their mobile wallets at the ATM using either host card emulation (HCE) based NFC or by scanning a QR code, allowing them to save time by preparing transactions on their phone before they get to the cash machine... More
PayPal to add NFC payments to Android app
An upcoming version of PayPal’s Android app is to bring with it NFC payments capability, the online payment giant has announced at Mobile World Congress... More
Samsung Pay hits 5m users and is set for global expansion in 2016
Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year. More
30m users sign up for Apple Pay in China
More than 30m Chinese consumers signed up to Apple Pay during its first day of launch in the country, China’s People’s Daily reports... More