Mastercard sets out vision for consumer-centric digital identities

Mastercard introduces consumer-centric model for digital identity — Mastercard — “Mastercard’s model embodies privacy by design and does not aggregate identity data. It will enable digital interactions to occur with minimal data exchanged and only when needed, and will safeguard data and the use of data effectively such that the users are in control, with a person’s identity securely bound to their smartphone.” 


ING Romania to let customers withdraw cash with just their mobile phones

Surprise from ING — Ziarul Financiar (Translation) — “We noticed that once they used mobile payments, customers no longer used their card except for ATM withdrawals. I think this year we will introduce the possibility to make ATM withdrawals with a mobile phone, without the need for a physical card… ING Bank Romania introduced mobile payments in the summer of 2018 and now has about 70,000 registered users.” 


SBI adds cardless mobile cash withdrawals at 16,500 ATMs across India

SBI Yono: The big security advantage for you with this new cardless cash withdrawal — Financial Express — “Customers can initiate the cash withdrawal process by installing the Yona App and setting a six-digit Yono Cash PIN for the transaction and another six-digit reference number for a transaction, which customers will get after initiating the cash withdrawal process on their registered mobile number via SMS, that has to be used within 30 minutes along with the PIN at the nearest Yono Cash point to get the cash… The SBI has enabled 16,500 ATMs for this service, called Yono Cash Points.” 


WeChat Pay reports 500% increase in transaction volumes

WeChat Pay supports merchants expanding businesses by bringing its ecosystem to the world — WeChat Pay — “In 2018, the monthly average transaction volume saw an increase of 500% year on year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase [of] 300%, and the number of merchants accepting WeChat Pay increased 700%. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies.” 


Public Transport Victoria to add Myki transit cards to Google Pay

Mobile Myki — Public Transport Victoria — “Mobile Myki is a digital Myki on your Android phone. From Thursday 28 March 2019 it will be available on the Google Pay app… Mobile Myki uses all of the existing Myki gates and readers on Melbourne’s trams, at train stations and on Myki-enabled buses across Victoria. The new technology uses Google Pay on the Android operating system and allows passengers to purchase Full fare, Concession, Child and Senior Mykis using both Myki Money and Myki Pass.” 


Samsung Pay promotes mobile payments adoption with prize draw for UK users

Samsung offers customers thousands of prizes with Samsung Pay — Samsung — “To enter the prize draw and be in with a chance to win, new and existing Samsung Pay users must enter the prize draw, then use Samsung Pay to make five transactions by 3 May 2019. Prizes include a 55-inch 2018 Q9F flagship QLED 4K television, a selection of 42mm Galaxy Watches and Samsung Level Box Slim Bluetooth speakers as well as 64GB Micro SD cards.” 


Visa seeks product manager for cryptocurrency team

Technical Product Manager, Visa Fintech — Visa — “As a product manager on the Visa Crypto team, this person will have responsibility for executing Visa’s product strategy within the cryptocurrency ecosystem. This highly motivated individual will be responsible for managing a product roadmap and collaborating with key stakeholders across the strategy, risk, research and engineering organisations.” 


Xiaomi expands its Mi Pay mobile payments service to India

Xiaomi announces official Indian launch of Mi Pay — GSMArena — “Back in 2016, Xiaomi launched Mi Pay in China and followed that up by launching a beta trial in India. Testing is finally complete and Indian users get full access to Mi Pay. The platform is built on the Unified Payments Interface (UPI) in collaboration with National Payments Corporation of India (NPCI) and ICICI Bank and supports more than 120 banks.” 


Global survey finds most consumers would share more personal data with banks

Six in ten consumers willing to share significant personal data with banks and insurers in exchange for lower pricing — Accenture — “81% of consumers would be willing to share income, location and lifestyle habit data for rapid loan approval, and 76% would do so to receive personalized offers based on their location, such as discounts from a retailer. Half (51%) of consumers want their bank to provide updates on how much money they have until their next pay day, and 57% want savings tips based on their spending habits.” 


Visa offers free upgrades to Apple Pay users in UAE and Saudi Arabia

Visa partners with Starbucks & Hardee’s to help promote the use of Apple Pay in KSA and UAE — MenaFN — “The promotion with Starbucks will allow Visa cardholders to upgrade the size of their latte, cappuccino or americano beverages if they pay through Apple Pay… The Hardee’s promotion will allow Visa cardholders to receive a free dessert when they buy any large meal of their choice using Visa with Apple Pay.” 


Commonwealth Bank reports ‘dramatic increase’ in mobile payments due to Apple Pay

Digital wallet payments surge on Apple Pay: CBA — The Sydney Morning Herald — “‘Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions that are linked to a card increase 2.7 times. So it’s really increased quite dramatically since we’ve introduced Apple Pay for our consumer customers,’ said Sam Itzcovitz, CBA’s general manager of commerce solutions, business customer solutions.” 


WhatsApp Payments to launch in UK, Mexico and Brazil?

WhatsApp Payments reportedly coming to Mexico, Brazil, UK next — NDTV — “According to WABetaInfo, a prolific tipster of upcoming WhatsApp features, three countries — Brazil, Mexico, and [the] UK — will be getting WhatsApp Payments next… The service was introduced in beta in India last year but is yet to roll out to all users in the country because of regulatory hurdles.” 


German consumers warm to contactless payments

Consumer insights study on German consumers’ preferred payment methods — First Data — “Contrary to the traditional ‘cash being king’ mindset, our study reveals a definite shift in consumer preference to more convenient methods of payments… 42% believe contactless payments are more convenient… 54% of consumers believe cash will become obsolete in a few years, 52% prefer card payments… 61% agree that card payments will become increasingly available.”