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Mobile wallet

News about Mobile wallet.

Visa Inc abandons digital wallet ambitions, Visa Europe to continue investing

July 17th, 2014

Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just… More

PayPal adds loyalty cards to mobile wallet app

July 15th, 2014

A new version of the PayPal iOS app has been released that enables users to store a wide range of loyalty cards within their mobile wallet. “Link all of your favorite loyalty cards to PayPal…. More

Australian supermarket chain launches mobile wallet that works with NFC stickers

July 15th, 2014

Australian supermarket chain Coles has launched the Coles Mobile Wallet, an iOS and Android app that works in conjunction with an NFC sticker to provide customers with a way to make mobile payments, manage their… More

Synchrony invests in LoopPay

July 10th, 2014

Synchrony Financial, formerly GE Capital Retail Finance, has made “a strategic investment” in LoopPay, developer of a mobile phone add-on that lets US consumers make payments at merchants equipped with magnetic stripe card terminals. The amount of the investment has not been disclosed.

Two thirds of UK smartphone owners open to the idea of mobile wallets

July 10th, 2014

Two thirds of UK smartphone owners are open to the idea of using a mobile wallet, according to a survey conducted by Marketing Sciences — but most consumers want to use a mobile wallet to… More

NFC payments venture Isis to change its name

July 8th, 2014

Isis, the NFC venture set up by US carriers AT&T, Verizon and T-Mobile, is to get a new name. The move is in response to the growing profile of the Isis militant group. “From our… More

Bankia offers NFC stickers

July 7th, 2014

Spanish bank Bankia has launched a mobile payments service that uses NFC stickers attached to the back of a customer’s smartphone to make purchases at any contactless POS terminal. Consumers need to download the Bankia Mobile Wallet app to use the service. Stickers can be requested via Bankia’s website or any bank branch.

Hungarian Mobile Wallet Association reports NFC pilot results

July 7th, 2014

Participants in The Hungarian Mobile Wallet Association’s MobilTarca NFC pilot made 41,000 payments valued at more than 120 million HUF (US$525,000) during the first 12 months of the trial, the association has revealed. Users also… More

One third of US mobile banking users log in at least once a day

July 4th, 2014

Some 31% of Americans who use a mobile banking app access the service at least once a day and more than four in five use it once a week or more, according to new research from Bank of America. Six in 10 respondents are not yet comfortable with the idea of using their smartphone as a wallet in the future, however, the survey found.  More

One in three German consumers ready for mobile payments

July 3rd, 2014

Paying with a smartphone would win over 31% of all those asked if they then only needed to have their smartphone with them and could do without a purse or wallet, a new survey conducted… More

Credit Mutuel-CIC rolls out NFC

June 16th, 2014

French banking group Credit Mutuel-CIC has introduced an NFC payments service that is available to customers regardless of their mobile network operator. The bank is using Airtag’s Airpass white label mobile wallet solution for the SIM-based service. “The strength of the app is the simple installation process and the convenience added to in-store payment transactions,” says Airtag CEO Jérémie Leroyer.

Bendigo Bank launches QR code mobile payments in Australia

June 12th, 2014

Australia’s Bendigo Bank has partnered with Samsung to rollout Redy, a mobile payments service that lets shoppers make payments and receive rewards by scanning a QR code generated by a merchant’s tablet-based POS terminal. The… More

Toys ‘R’ Us reports on Isis transactions

June 10th, 2014

Toy retailing giant Toys ‘R’ Us has revealed it has seen 23,000 individual transactions conducted using Isis in the three months since it began accepting the NFC payments service. The company is “very happy” with the service, Gregory Todd, the merchant’s senior analyst for credit card programs, told attendees at the 2014 NFC Solutions Summit. Isis recently announced that it is now seeing 20,000 wallet activations a day.

Tim Hortons rolls out mobile barcode payments across Canada and USA

May 23rd, 2014

Canada-based coffee chain Tim Hortons has expanded its mobile payments service, first launched using host card emulation (HCE) technology in December 2013, with the introduction of barcode-based mobile payments across its outlets in the USA… More

Sberbank to launch HCE payments in Russia

May 20th, 2014

Russia’s Sberbank, Europe’s third largest bank with more than 100million customers, has begun piloting NFC payments in Moscow using embedded secure elements. It will follow the trial with a service using host card emulation (HCE) later this… More

Juniper predicts 1.5bn mobile wallets in 2018

May 20th, 2014

There will be more than 1.5billion mobile wallets in use around the world by 2018, according to a new forecast from Juniper Research, representing one in five handsets and up from one in 10 at the… More

Slovakia gets NFC payments

May 19th, 2014

Deutsche Telekom’s MyWallet NFC platform is now available to customers of Slovak Telekom, a Slovakian carrier majority owned by Deutsche Telekom. The service was launched in Germany earlier this month and is due to be introduced in Hungary later this year.

White paper sets out benefits of white label mobile payments

May 15th, 2014

“Building a Foundation for Mobile Payment”, a white paper from Datacard, explains why banks and other card issuers must advance their mobile payments strategy quickly and demonstrates the benefits of taking a white-label approach to… More

Isis reports 20,000 new mobile wallet users a day

May 15th, 2014

Isis saw its user adoption growth rate double last month and is now adding an average of 20,000 new users a day, Michael Abbott, CEO of the US carrier-led NFC venture, has revealed. “Since our… More

Square exits mobile wallet business

May 13th, 2014

US mobile payments provider Square is pulling out of the consumer mobile wallet business and its Square Wallet app is no longer available to new customers to download. “Square Wallet provided a very magical experience but didn’t have a lot of the utility value,” Square’s Ajit Varma has told Recode. The company continues to serve merchants, however, and has launched a new click and collect service called Square Order that lets customers place orders with small merchants for collection at a later date or time.

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