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    Retail

    News about Retail.

    Mastercard and Verifone unveil Instalments payments app

    December 2nd, 2016

    British consumers will be able to spread the cost of high-value in-store payments following a partnership between Mastercard and Verifone. The Mastercard Instalments app — the first of its kind in Britain — will launch on Verifone payment terminals at some UK retailers in January. The app has already launched in Romania, with BRD Groupe Societe Generale offering cardholders access to Mastercard Instalments at retailers across the country having conducted its first transaction last week.

    Apple Pay launches in Spain

    December 2nd, 2016

    Apple Pay has been officially launched in Spain, with Apple developing partnerships with Banco Santander, payment giants American Express and Mastercard, retailer Carrefour and prepaid meal payment service Ticket Restaurant. Spain becomes the thirteenth country… More

    In-store mobile payments take 0.6% Black Friday share

    November 30th, 2016

    In-store mobile payments accounted for 0.6% of transactions made on Black Friday in the US, research released by payment technologies provider Cayan reveals. California recorded the highest use of mobile payments with 1%, while Wyoming recorded the lowest with 0.05%. EMV cards represented 55% of all Black Friday transactions, while magnetic stripe cards took a 34% share.

    Mobile retail commerce to reach US$1,120bn by 2020

    November 29th, 2016

    The value of global mobile retail commerce is set to reach US$1,120bn by 2020, up from US$415bn in 2016, a white paper released by Aite Group predicts. Tracing the growth and uptake of digital wallet services across the mobile and e-commerce sector, the research states that the global online commerce market will grow to US$7,114bn overall by 2020. “Successful digital wallet providers will be those that offer consumers ease of use, peace of mind (regarding security), and the ability to transact anytime and anywhere,” says Aite Group senior analyst Ron van Wezel.

    Twyp mobile payments app service to close in Netherlands

    November 29th, 2016

    P2P mobile payments app Twyp is to be closed down in the Netherlands from 15 December 2016 after customers there said they “don’t need or want a separate app to make payments to friends”. Launched… More

    Masterpass comes to 30,000 South African merchants after SnapScan deal

    November 28th, 2016

    South Africans can now use Mastercard’s Masterpass digital wallet to pay for goods and services at more than 30,000 merchants accepting SnapScan in South Africa, using their mobile phones by scanning a QR code at… More

    Samsung Pay adds Singapore transport payments with EZ-Link

    November 25th, 2016

    Samsung Pay users in Singapore can add their EZ-Link NFC SIM cards to compatible Samsung devices and pay for public transport as well as retail purchases, in the same way as they would using their… More

    Liquid Pay targets 25,000 retailers in Singapore with QR code mobile payments

    November 24th, 2016

    Some 25,000 retail locations in Singapore are expected to accept a new mobile payment service within the next 12 months. Liquid Pay enables consumers to make payments by scanning a QR code at the point… More

    Muji to accept Alipay in Chinese stores

    November 23rd, 2016

    Retail giant Muji is to accept Alipay mobile payments in nearly 200 stores in mainland China. “At the same time, the two parties will connect their membership systems,” China Tech News reports. “Once consumers complete payments with Alipay in Muji stores, they can gain Muji’s membership card and realise automatic points accumulation.”

    Visa warns of ‘serious disruption’ to online payments from EBA proposal

    November 22nd, 2016

    Visa is warning a proposal from the European Banking Authority (EBA) requiring every online transaction over €10 (US$10.61) to have additional authentication steps at checkout will “seriously disrupt online shopping and cause inconvenience for consumers”…. More

    Covent Garden offers augmented reality gift for Christmas shoppers

    November 22nd, 2016

    London’s Covent Garden shopping district is showcasing what it claims to be the largest showcase of augmented reality (AR) technology attempted in one location, with Christmas shoppers offered exclusive offers, gift guides and immersive shopping… More

    DigiTally project enables mobile money transfers without network coverage

    November 21st, 2016

    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… More

    Optus adds smart coffee cup to contactless payments range

    November 21st, 2016

    Australian mobile network operator Optus has updated its range of contactless payment accessories to include a SmartCup — a coffee cup that includes the new Optus Pay PayTag in its base allowing consumers to make… More

    Android Pay launches in Poland

    November 17th, 2016

    Android Pay has begun rolling out across Poland, allowing consumers with compatible devices to make payments at more than 400,000 retail locations in the country that accept contactless payments. The service launches with support from… More

    UK bank celebrates blockchain contactless payments trial

    November 16th, 2016

    Metro Bank in the UK has successfully trialled a blockchain retail payment system, allowing consumers to make purchases from merchants equipped with contactless terminals, with merchant and consumer balances updated in real time. London-based financial… More

    Amex cardholders to redeem loyalty points at pharmacy chain

    November 15th, 2016

    American Express cardholders will soon be able to redeem Membership Rewards points at Rite Aid, the first US pharmacy chain to formalise such a deal with the financial services company. Customers will be prompted to use points for their purchases after they swipe, tap or insert a Membership Rewards-enrolled American Express card in-store.

    French store uses augmented reality for Christmas shoppers

    November 14th, 2016

    French department store Galeries Lafayette is using augmented reality to offer Christmas shoppers a virtual Arctic experience telling the story of climate change. The store’s ‘Amazing Arctic Christmas’ tells the story of a family of polar bears who must venture away from the North Pole due to melting ice caps, taking refuge under the store’s dome. Parisian start-up Sky Boy has partnered with them to create a mobile app, in which the bears come to life in the store.

    One million MTN Rwanda customers to get NFC mobile payments service

    November 10th, 2016

    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… More

    US consumers’ use of in-store mobile payments set to soar

    November 10th, 2016

    The value of mobile payment transactions made in the US is expected to rise 183.3% this year to US$27.67bn, more than doubling next year and reaching US$314.13bn by the year 2020, research released by eMarketer… More

    French department store offers Alipay mobile payments

    November 9th, 2016

    French department store Printemps has partnered with financial services company Wirecard to accept mobile payments from customers using Alipay, the first in France to support the Chinese-based payments solution. Printemps aims to target Chinese tourists… More

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