Samsung Pay goes live in Taiwan with seven banks

Samsung Pay has been launched across Taiwan with support from Visa and Mastercard along with seven major banks including Citibank, Cathay United Bank, E.Sun Commercial Bank, Taishin International Bank, Fubon Bank, Union Bank of Taiwan and Standard Chartered. The service supports iris scan authentication for those with Samsung Galaxy S8 and S8+ devices. More



Report: 70% of financial cards have chip — International Card Manufacturers Association — “Chip cards represented 88.6% of revenue for cards globally manufactured in 2016… SIM cards make up the largest dollar market at $6.53 billion and the third largest unit market at 5.4 billion cards. Financial cards make up the second largest unit market and dollar market at 5.5 billion cards and $5.1 billion.” 


Researchers create a T-shirt that monitors the wearer’s breathing rate in real time — Université Laval — “The key to the smart T-shirt is an antenna sewn in at chest level that’s made of a hollow optical fiber coated with a thin layer of silver on its inner surface. The fiber’s exterior surface is covered in a polymer that protects it against the environment… As the wearer breathes in, the smart fiber senses the increase in both thorax circumference and the volume of air in the lungs… These changes modify some of the resonant frequency of the antenna.” 



MUFG seeks to quicken cashless push with card unit buyout — Nikkei — “Mitsubishi UFJ Financial Group plans to turn a credit card unit into a wholly owned subsidiary and position it as a hub for new financial services such as virtual currency payment… MUFG’s move is driven by the prospect that cashless payment methods such as digital wallets and virtual currency will proliferate in Japan as financial technologies evolve.” 






How Coca-Cola is using smartphone data to personalise in-store ads — Econsultancy — “The data includes anything from your basic gender or age demographic to previous browsing history. So, an ad could change from Coke Zero to Glacéau Smartwater if it recognises a preference for healthier products… Coca-Cola’s endcaps also involve communicating wirelessly with devices to send tailored offers or coupons.” 


Paytm raises $1.4 billion from SoftBank to expand user base — Bloomberg — “The funding into One97 Communications, which operates the Paytm brand, will help the startup expand its user base of 220 million and build a large offering of financial services products… Alibaba and its payments affiliate Ant Financial held a 40 percent stake in One97 before this investment.” 



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