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    Mobile wallet

    News about Mobile wallet.

    Samsung Pay adds major banks in US

    April 19th, 2016

    Samsung Pay will soon support eligible credit and debit cards from TD Bank and Regions Bank, taking the total number of supporting banks and credit unions in the US to 130 — more than 75% of the country’s credit and debit card market. “Samsung Pay supports all major payment networks and many of the country’s major banks, and it continues to expand its partnership ecosystem,” Samsung says.

    Apple Pay launches in Singapore

    April 19th, 2016

    Apple Pay has begun rolling out across Singapore, letting consumers pay in store with compatible Apple devices and make purchases within participating mobile apps using their American Express cards, with support from Visa expected “soon”…. More

    Bank of America reports on mobile banking

    April 18th, 2016

    Bank of America added 910,000 new mobile banking users during the first quarter of 2016, resulting in a total of almost 20m active users, CEO Brian Moynihan revealed during the bank’s Q1 earning results. 16% of all deposit transactions with the bank are from mobile devices but mobile wallet payments represent less than 0.2% of the total payments made with Bank of America cards.

    Verizon gives 2GB of free data to Android Pay users

    April 15th, 2016

    Android Pay users across the US with a Verizon handset can get 2GB of free data when they make in-store purchases using the mobile payments service between now and mid-June. More

    Dutch gas stations enable mobile payments with MyOrder

    April 14th, 2016

    Motorists will be able to order and pay in advance for fuel at 220 Tamoil gas stations in the Netherlands from this summer using their smartphone and a new mobile refuelling feature enabled through MyOrder… More

    Orix to push Alipay in Japan

    April 12th, 2016

    Financial services provider Orix is to promote Ant Financial’s Alipay mobile payment platform in Japan and encourage more stores to accept the service. “The Japanese group will offer leasing of the terminals, which can cost up to 300,000 yen (US$2,685) or so to buy, to reduce adopters’ upfront expenses,” Nikkei reports. “Orix will market Alipay mainly to retailers popular with Chinese tourists.” The report comes as Alipay announced its expansion into Europe last week.

    Apple Pay adds 32 banks in the US

    April 12th, 2016

    Apple has added a further 32 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The update follows an announcement from Barclays that it now supports Apple Pay in the UK.

    61% of US Apple Watch owners use Apple Pay

    April 12th, 2016

    Nearly two thirds of Americans with an Apple Watch (61%) use the device to make payments with Apple Pay, research from Fluent reveals. “With 61% saying they have made a purchase using their watches, there is room for improvement but that’s a healthy number of users right out of the gate and should only grow with future releases,” the firm’s Jordan Cohen writes in a blog post.

    Mobile wallet transactions to increase 61% by 2021

    April 11th, 2016

    The number of mobile wallet transactions across Europe will increase at a compound annual growth rate (CAGR) of 61.8% from 2016 to 2021, Smart Insights predicts. “The total mWallet revenue for the payments industry is forecasted to experience a CAGR of 50% over the 2016-2021 period, surpassing the €1bn bar by 2021,” the firm adds.

    38% of payments in Europe will be digital by 2020

    April 11th, 2016

    More than a third (38%) of all payments made across Europe will be digital by 2020, MasterCard predicts. The payment network’s MasterCard Digital Enablement Service (MDES) is now in progress in 18 European countries and already connects banks representing more than 70% of UK account holders to Apple Pay, the company adds.

    Australian banks gearing up to support Apple Pay?

    April 11th, 2016

    Australia’s ANZ Bank, Suncorp Bank and Bank Australia may soon begin supporting Apple Pay, with iPhone In Canada reporting that a reader successfully registered an ANZ Visa card for use on the mobile payment service. “It would appear something is brewing with Australian banks, as we’re told Suncorp Bank and Bank Australia are geared to support Apple Pay in the latter half of this year,” the publication says.

    MasterCard reports on tokenization in Europe

    April 5th, 2016

    MasterCard is working on more than 60 projects involving its MDES tokenization platform in Europe, the payments network has revealed. “Today card issuers and wallet service providers have MDES projects in progress in 18 countries across Europe,” MasterCard says, and the service is currently being used to connect banks “representing more than 70% of UK account holders” to Apple Pay.

    Google confirms Wallet Card termination

    April 1st, 2016

    Google has confirmed that it is to terminate its Wallet Card on June 30. “Moving forward, we want to focus on making it easier than ever to send and receive money with the Google Wallet app,” the company says. Reports that Google was to end support for the physical card emerged earlier this week following an app teardown by Android Police.

    Barclays enables Apple Pay support?

    March 30th, 2016

    Barclays appears to be in the process of enabling support for Apple Pay in the UK, according to a terms and conditions page tweeted by a number of the bank’s customers. Barclays revealed in January that it would support the mobile payment service within “60 to 75 days”. The bank also confirmed to NFC World that it would not be supporting the launch of Google’s Android Pay in the UK, in favour of focusing on its own host card emulation (HCE) based NFC mobile payments service.

    Singapore commuters get NFC payments

    March 30th, 2016

    Customers of mobile network operators M1, Singtel and StarHub can now pay for journeys on public transport services in Singapore with a tap of their NFC device as a result of a partnership between the Land Transport Authority (LTA), Infocomm Development Authority of Singapore (IDA) and transport card issuer EZ-Link. More

    A third of Americans unconvinced about mobile payment apps

    March 29th, 2016

    More than one third of Americans (36%) don’t feel a need for mobile payment apps, compared to 12% of Mexicans and 13% of Chileans, according to mobile banking service Fintonic. 23% of Americans don’t trust the technology, compared to 4% of Mexicans and 6% of Chileans. “Latin American countries such as Chile and Mexico are much more willing to embrace technological advancements in banking like mobile wallets,” the company says.

    Google to terminate Google Wallet Card

    March 29th, 2016

    Google will terminate its physical Google Wallet Card on June 30, an app teardown from Android Police reveals. “Google will continue all operations with the Wallet Card through May 1,” the publication reports. “This won’t impact the Google Wallet app or any accounts, since they will continue to be useful for sending and receiving money from other users. Balances can be withdrawn at any time. No reason has been given for terminating the physical card.”

    Samsung Pay launches in China

    March 29th, 2016

    Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards. More

    Apple Pay to expand to mobile websites?

    March 24th, 2016

    Apple Pay will be available as a payment option on mobile websites “before this year’s holiday shopping season”, Re/code reports. “The service will be available to shoppers using the Safari browser on models of iPhones and iPads that possess Apple’s TouchID fingerprint technology,” the publication says. “Apple has also considered making the service available on Apple laptops and desktops too, though it’s not clear if the company will launch that capability.”

    Tencent reports major increase in mobile payment users

    March 23rd, 2016

    Chinese internet giant Tencent has reported that the number of monthly active users (MAU) of its mobile payments services has increased by seven times over the last year. Its QQ Wallet was used to exchange 6bn red envelopes during the Lunar New Year holidays and Weixin Pay was used to exchange 32bn red envelopes over the same period, up nine times on a year ago. “For Weixin and WeChat together, MAU reached 697 million at the end of 2015, representing YoY growth of 39%,” Tencent says.

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