Wednesday 26 April 2017 | RSS

 
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    26 April 2017 • By Rian Boden • Last updated 26 April 2017, 11:06

    WeChat Pay and offline mobile payments see “incredibly high” uptake in China

    Tencent China survey

    Nine in ten Chinese mobile internet users (92%) choose mobile payment apps such as WeChat Pay as their primary offline payment method today, research released by Tencent Online Media Group’s newly launched research project China Tech Insights reveals, while “smartphone built-in payment tools” such as Apple Pay are currently used by approximately 12%.

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    QR

    25 April 2017 • By Rian Boden • Last updated 25 April 2017, 12:00

    Singapore banks add in-store QR code payments to mobile apps

    Customers of Singapore’s DBS Bank and OCBC Bank will soon be able to make in-store mobile payments by scanning a QR code at any point-of-sale terminal belonging to the country’s electronic payments network Nets.

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    25 April 2017 • By Rian Boden • Last updated 25 April 2017, 09:16

    Mahindra Comviva explores the evolution of digital payments in India

    The most obvious recent change in the payments landscape across India is the significant increase in the number of digital payments taking place in both urban and rural areas as a result of the measures taken by the Indian government to push the cashless initiative to the top of the nation’s agenda, says Mahindra Comviva’s senior vice president and head of mobile financial solutions.

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    NFC

    21 April 2017 • By Rian Boden • Last updated 21 April 2017, 12:00

    Orange to launch mobile-only bank with NFC payments and AI

    Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings.

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    QR

    20 April 2017 • By Rian Boden • Last updated 20 April 2017, 11:53

    Six Dutch banks to take Belgium’s Payconiq to the Netherlands

    Six Dutch banks including ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS have announced their intention to launch Payconiq in the Netherlands this summer. Payconiq is a common mobile payment platform that lets customers make P2P payments as well as pay in-store and online and has been successfully piloted and launched in Belgium with support from ING, KBC and Belfius banks.

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    Partner news NFC

    20 April 2017 • By Rian Boden • Last updated 20 April 2017, 11:19

    NXP and GCL Technologies offer NFC tamper evident closure solution for wine and spirits brands

    PARTNER NEWS: Guala Closures Group, a world leader in security closures, has teamed up with NXP to introduce an NFC-based tamper evident closure solution for the wine and spirits industry that is designed to protect brands, enable advanced anti-counterfeiting and tamper-proofing and enable brand owners to make VIP offers, loyalty rewards and more available to customers through a tap of their NFC mobile device.

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    20 April 2017 • By Rian Boden • Last updated 20 April 2017, 10:27

    Mastercard tests biometric payments card in South Africa

    Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”.

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    Tokens

    20 April 2017 • By Rian Boden • Last updated 20 April 2017, 09:45

    Pizza Hut: The Internet of Things is becoming the Internet of Commerce

    Rapid innovation in the payments market resulting from the emergence of end-user device adoption and tokenization is leading to commerce experiences that are more seamless in nature and more convenient for the end user — but with such rapid change comes a need for a look in the mirror, says Pizza Hut’s director of digital ventures.

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    19 April 2017 • By Rian Boden • Last updated 19 April 2017, 12:08

    Mastercard rolls out Messenger payment bots with US retailers

    Subway, FreshDirect and The Cheesecake Factory have begun rolling out payment bots for Facebook Messenger across the US, allowing their customers to secure and complete payments using Mastercard’s Masterpass digital payment platform without having to leave the instant messaging service.

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    18 April 2017 • By Rian Boden • Last updated 18 April 2017, 10:26

    Lloyds to trial biometrics for online banking

    Customers of Lloyds Banking Group across the UK will soon be able to log into their online banking accounts using fingerprint or facial recognition through Microsoft’s Windows Hello biometric authentication technology. The banking group is to trial the solution with Lloyds Bank, Halifax and Bank of Scotland customers with Windows 10 devices in the second half of this year.

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    News in brief

    Apple marks Earth Day with Apple Pay donations

    By Rian Boden • 26 April 2017, 11:21 • Last updated 26 April 2017, 11:21

    Apple is celebrating Earth Day by donating US$1 to the World Wildlife Fund (WWF) whenever a customer makes a purchase in an Apple store using Apple Pay. The promotion will run until April 28. “Note that the donation amount is based on the purchase alone, not how much the purchase is worth,” 9to5mac reports.

    Visa EMV transactions pass 1bn in the US

    By Rian Boden • 25 April 2017, 12:20 • Last updated 25 April 2017, 12:20

    US consumers made more than one billion Visa chip transactions for the first time in March 2017, an increase of 330% compared to a year previous. “The number of chip-enabled merchant locations in the country reached two million, representing 44% of stores that accept Visa,” Visa says. There are now more than 421m Visa chip cards across the US, representing 58% of all Visa cards.

    US Bank ties credit card points to mobile payments

    By Rian Boden • 25 April 2017, 09:49 • Last updated 25 April 2017, 09:50

    Customers of US Bank will be offered a high-end credit card from 1 May 2017 that will award them triple points per dollar spent through a mobile payment made using Apple Pay, Android Pay, Samsung Pay or Microsoft Wallet. The US Bank Altitude Reserve Visa Infinite Card has been designed to “put the decision-making in the hands of the consumer,” American Banker reports the bank’s John Steward as saying. Rather than earning points at restaurants, “a customer might choose to earn them at a bike shop they often visit”.

    Amazon gets approval for digital wallet in India

    By Rian Boden • 24 April 2017, 11:30 • Last updated 24 April 2017, 11:30

    Amazon India has been granted a payment license by the Reserve Bank of India (RBI) to operate its own prepaid wallet in the country. “This will allow us to help customers adopt digital payments at scale and thereby contribute towards making India a less cash economy,” the company’s Sriram Jagannathan told The Indian Express. The move follows the launch of Amazon Pay Balance in India in December 2016.

    Bank of Korea signs up retailers for coinless society trial

    By Rian Boden • 20 April 2017, 12:08 • Last updated 20 April 2017, 12:08

    The Bank of Korea (BOK) has signed up retailers including CU, 7-Eleven, E-Mart, Lotte Mart and Lotte Department Store to begin trialling a service that will give customers change in the form of a top-up to a prepaid card. “Cha Hyeon-jin, an official handling the issue at the BOK, said no decision has been made yet on whether the pilot project could eventually lead to a cashless society, but he predicted that there is a good chance that such a development may be possible down the road,” Korea Times reports.

    Kiwi millennials want biometrics for payments

    By Rian Boden • 19 April 2017, 10:39 • Last updated 19 April 2017, 10:39

    Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals. “61% say they already use their smartphone to pay for everyday items,” the payment network adds.

    Zelle processed 170m P2P payments in 2016

    By Rian Boden • 19 April 2017, 10:17 • Last updated 19 April 2017, 10:17

    Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value. The network now includes 20 banks and credit unions and is “poised to reach an estimated 85m consumers in the US through the mobile banking apps of its participating institutions,” Early Warning says. The Zelle brand was unveiled in October last year and has been built on the foundation of the ClearXChange network.

    Meet NFC World partners at Seamless Asia

    By Rian Boden • 19 April 2017, 09:32 • Last updated 19 April 2017, 09:32

    PARTNER NEWS: Antelop Solutions and Rambus will be exhibiting at the Seamless Asia expo in Singapore from 19 to 20 April. Antelop can be found in booth J18 where the company will be showcasing its Mastercard and Visa certified host card emulation (HCE) solution for banks. Rambus will be exhibiting at booth J10 and will be hosting a live demonstration of its Unified Payments Platform for retailers. NXP will also be present at the event as a workshop sponsor.

    PayPal heads in-store with Android Pay and Wells Fargo

    By Rian Boden • 18 April 2017, 14:22 • Last updated 18 April 2017, 14:22

    Android Pay users across the US will soon be able to make in-store, in-app and online payments using their PayPal account. “People in the US can simply link their PayPal account to use with Android Pay,” Google’s Pali Bhat writes in a blog post. PayPal has also announced a partnership with Wells Fargo that will enable the bank’s customers to add their debit and credit cards to PayPal for in-store NFC mobile payments.

    Square to launch physical debit card?

    By Rian Boden • 18 April 2017, 10:39 • Last updated 18 April 2017, 10:39

    mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode. The move would follow the launch of a virtual Square Cash card in December 2016 that lets users make payments using their Square Cash balance anywhere Apple Pay is accepted. “Square may end up incentivising Square Cash users to spend their money at Square brick-and-mortar merchants, since the company would make money from both sides of those transactions,” the publication reports.

    More news in brief...


    April 26th, 2017

    This week's news

    1. Apple marks Earth Day with Apple Pay donations
    2. WeChat Pay and offline mobile payments see “incredibly high” uptake in China
    3. Visa EMV transactions pass 1bn in the US
    4. Singapore banks add in-store QR code payments to mobile apps
    5. US Bank ties credit card points to mobile payments
    6. Mahindra Comviva explores the evolution of digital payments in India
    7. Amazon gets approval for digital wallet in India
    8. Orange to launch mobile-only bank with NFC payments and AI
    9. Bank of Korea signs up retailers for coinless society trial
    10. Six Dutch banks to take Belgium’s Payconiq to the Netherlands
    11. NXP and GCL Technologies offer NFC tamper evident closure solution for wine and spirits brands
    12. Mastercard tests biometric payments card in South Africa
    13. Pizza Hut: The Internet of Things is becoming the Internet of Commerce
     
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