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Retail

News about Retail.

Commonwealth Bank adds loyalty to mobile app

July 30th, 2015

Commonwealth Bank has added a loyalty feature to its mobile banking app that also offers HCE payments, allowing users to store loyalty cards and redeem them at the checkout with their NFC phone or by scanning the loyalty card barcode. The bank is also set to pilot a separate offers app in a shopping centre run by Westfield, ZDNet reports.

42% of US iPhone 6 owners use Apple Pay in May and June

July 29th, 2015

More than two fifths of iPhone 6 and 6 Plus users reported having used Apple Pay between the end of May and mid-June, with 84% making more than three in-store transactions, the bi-monthly Apple Pay… More

HSBC and First Direct go live with Apple Pay in UK

July 28th, 2015

HSBC and First Direct customers in the UK can now add their debit and credit cards to Apple Pay, allowing them to use their iPhone, Apple Watch or iPad to pay at more than 250,000 locations. The banks were a notable absence from the list of supporting financial institutions when the mobile payment service launched in the UK earlier this month.

HKT launches NFC mobile payments service in Hong Kong

July 28th, 2015

Hong Kong Telecommunications (HKT) subsidiary HKT Payment has launched a SIM-based NFC mobile payment service to let customers of its 1010 and Csl mobile service brands pay at more than three million locations worldwide which… More

Wearable payments to reach $501bn by 2020

July 27th, 2015

Payments made using wearable devices such as smart watches, fitness trackers and wristbands will grow from US$3.1bn in 2015 to $501.1bn worldwide by 2020, research from market intelligence firm Tractica finds. “By that time, wearable payments will represent approximately 20% of the total mobile proximity transaction volume and about 1% of total cashless transactions in retail,” the firm adds.

Purchases on Google test confirmed

July 16th, 2015

Google has confirmed it is testing a Purchases on Google service with a “limited number of retailers”, following rumours of the company’s plans in May. “When a shopper searches on mobile for a product such as women’s hoodies, she may see a shopping ad with ‘Buy on Google’ text,” Google says. “After clicking the ad, she’s taken to a retailer-branded product page hosted by Google.”

Braintree supports UK launch of Apple Pay

July 14th, 2015

PayPal-owned payment processor Braintree has announced its support for the UK launch of Apple Pay via its v.zero SDK that will allow merchants to add the mobile payments service as an online checkout option alongside PayPal, credit and debit cards. “We are enabling UK and global merchants to be some of the first to accept Apple Pay in the UK,” the company says.

Apple Pay goes live across the UK

July 14th, 2015

Apple Pay is now live across the UK, enabling consumers with iPhone 6, iPhone 6 Plus and Apple Watch devices to make NFC mobile payments at more than 250,000 locations and across the Transport for… More

Big Bazaar to accept MobiKwik in 240 stores

July 13th, 2015

India’s largest retailer Big Bazaar has become the latest to support in-store payments from mobile wallet service MobiKwik at more than 240 locations, following in the footsteps of WHSmith India. “In the coming quarter, MobiKwik also plans to extend this partnership to other offline stores under the Future Group umbrella and is expected to total close to 150m transactions annually,” MobiKwik says.

CU Wallet adds offers and promotions

July 10th, 2015

CU Wallet, a mobile payments platform developed for US credit unions, is to integrate merchant offers and promotions through a partnership with Relevant Solutions. “This integration gives CU Wallet member credit unions the ability to deliver promotions and offers from more than 750 national merchants, as well as local retailers, directly to members,” CU Wallet says.

WHSmith India to accept MobiKwik mobile payments in 55 stores

July 10th, 2015

More than 17m users of Indian mobile wallet service MobiKwik will be able to make in-store payments at 55 WHSmith India stationery and book stores, the first time the service has been available for payments… More

France’s Teleshopping network tunes into PowaTag mobile payments

July 7th, 2015

More than 400,000 viewers of France’s largest television shopping network will soon be able to buy products featured on the TV channel by holding up their smartphone to the screen to scan audio tags that will then… More

Apple Pay UK launch set for July 14?

July 6th, 2015

Apple is reportedly planning to launch Apple Pay in the UK on July 14. “Apple has informed some Apple retail employees in the UK that Apple Pay support will go live on that Tuesday, while internal memos for supermarket Waitrose plus an additional retail partner indicate the same date,” 9to5mac reports. “Apple will also begin training its UK staff on supporting Apple Pay on July 12.”

“Highly interested” Canadians ready for mobile payments

July 3rd, 2015

Some 14% of Canadian consumers say they are highly interested in making in-store mobile payments and 11% are also interested in using a wearable device such as a smartwatch to do so, research from payment… More

Researchers unveil breakthrough in weaving NFC chips into clothes

July 3rd, 2015

Researchers from Nottingham Trent University (NTU) have invented a method of embedding NFC chips into yarns which are then woven and knitted to make fabrics for clothing. The chips could be used to provide enhanced security… More

Beacons guide Hong Kong airport passengers

June 30th, 2015

Passengers at Hong Kong International Airport are being guided by 50 beacons installed across Terminal 1 as part of a pilot with SITA Lab. “These user-friendly maps display key information on passengers’ mobile phones or tablets, and the time it will take to get to the gate,” SITA Lab says. “They also provide information about shops, restaurants and retail offers.”

US$2.7tn mobile wallet market by 2020

June 30th, 2015

The global market for mobile wallets will reach US$2.7tn by 2020, “driven by the proliferation of smartphones, tablets, mobile internet, strong governmental support for cashless transactions and the convenience offered by mobile payments,” Global Industry Analysts says. “Asia Pacific represents the largest market, with a CAGR of 33% over the analysis period,” it adds. “The retail sector represents the largest end-use for mobile wallets.”

Amazon’s voice-driven home shopping device available for pre-order in the US

June 25th, 2015

US consumers will soon be able to reorder supplies and control their home appliances using Amazon Echo, the connected device that uses voice recognition to complete spoken commands to shop, play music, read the news… More

CUA credit union reports rising interest in redi2PAY HCE mobile payments service

June 24th, 2015

The number of customers using CUA’s redi2PAY HCE mobile payments service more than 35 times per month was about three times higher in March 2015 than it was six months earlier, and the number of… More

Alibaba and Ant Financial invest nearly $1bn in Koubei mobile commerce platform

June 24th, 2015

Chinese e-commerce giant Alibaba and Alipay parent Ant Financial have each invested RMB3bn (US$483m) into Koubei, a joint venture that will let consumers order and pay for local services in China using their smartphone, “with an… More

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