Bahrain to launch national e-wallet on July 4

Bahrain to launch national e-wallet on July 4 — Trade Arabia — “The national e-wallet is a joint initiative of the Central Bank of Bahrain (CBB) and Benefit and a first-of-its-kind project in the kingdom. It will enable instant payments via smartphones and also facilitate the collection of payments electronically through debit, credit and prepaid cards and online bank accounts, for online and in-store purchases.”


Square gets green light to take on banks with ‘PIN on glass’ mobile technology

Square gets green light to take on banks with ‘PIN on glass’ mobile technology — Australian Financial Review — “Banks are set to face more competition in the lucrative mobile point of sale technology game as secret trials featuring Twitter founder Jack Dorsey’s payments company Square are set to help credit card companies allow more payments through smartphone screens.”


Jack Ma’s Ant Financial nearly doubles profits amid deal push

Jack Ma’s Ant Financial nearly doubles profits amid deal push — Bloomberg — “The company controlled by Alibaba’s billionaire co-founder Jack Ma racked up an 86% jump in pretax profit to 5.56 billion yuan ($814 million) in the year ended March, according to Bloomberg’s calculations… Since starting as Alipay in 2004, Ant Financial has grown into an online giant that controls more than half of China’s $5.5 trillion mobile payments market.”







Google is running a massive Android Pay promo in Australia with 200,000 prizes worth $1.6 million

Google is running a massive Android Pay promo in Australia with 200,000 prizes worth $1.6 million — Android Police — “The gist is that you must be setting up Android Pay for the first time, or you must have set up a card previously but never used it. When you set up a new card in Australia or use your existing card for the first time, you will kick off a 30-day promo. Each transaction (up to 10 per day) gives you a virtual envelope, which could award you up to $500 in gift cards when opened.”


Rakbank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs

Rakbank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs — Rakbank — “This innovative digital solution enables the bank’s customers to make cardless cash withdrawals from Rakbank ATMs using their Samsung smartphones without the need for a physical debit or credit card. The Samsung Pay solution for ATMs is an end-to-end contactless process.”


Westpac shock as Apple bans its messaging payments app after three months

Westpac shock as Apple bans its messaging payments app after three months — Australian Financial Review — “The iPhone maker surprisingly ordered Westpac to remove a key feature of its recently revamped mobile banking application, which let customers make payments in popular chat applications… In a letter to customers, seen by The Australian Financial Review, Westpac reveals that its Westpac Keyboard function will be removed in July.”



Danske Bank brings Apple Pay to customers in Northern Ireland

Danske Bank brings Apple Pay to customers in Northern Ireland — Danske Bank — “Richard Caldwell, managing director of personal banking and small business at Danske Bank, reflected: ‘There has been a clear demand from customers for us to integrate Apple Pay, and I am delighted that we are now offering it. It is a great addition to our already strong online offering and will further improve customer experience.'”






US consumers turn to digital payments for online purchases

American Express

More than 70% of online shoppers across the US have used digital payment services including mobile wallets, one-click checkout buttons and peer-to-peer (P2P) payment apps, research released by American Express reveals, with 41% “always or sometimes” choosing to use digital solutions when they pay... More


Transfer money instantly to your bank account with PayPal

Transfer money instantly to your bank account with PayPal — PayPal — “PayPal users in the U.S. will soon be able to instantly transfer money to their bank accounts via eligible debit cards linked to their PayPal account… Our beta of this is now available to select PayPal users and will be made available to all U.S. PayPal users with eligible Visa or Mastercard debit cards over the coming weeks and months.”