The average size of donations made to a UK charity using contactless collection tins was more than three times larger than the average cash donation, The Telegraph reports... More
Archive: News in brief
Apple Pay in Australia ‘will encourage credit card competition’
Apple Pay could encourage competition between banks on credit cards in Australia, prompting more promotions and discounts, according to Apple’s latest submission to the Australian Competition and Consumer Commission (ACCC)... More
Mobile wallet spending to rise 32% in 2017
The amount of money spent around the world using a mobile wallet will rise by nearly 32% this year to US$1.35tn, Juniper Research predicts... More
India Budget: New measures to promote mobile payments
The Indian government has unveiled new measures to promote a digital economy during its 2017 Budget speech, including “the imminent launch of Aadhaar Pay, a merchant version of the Aadhaar-enabled payment system”, The Times of India reports... More
Samsung Pay preps for Indian debut
Samsung Pay is preparing to launch in India... More
Irish bank waives fees on contactless transactions
Allied Irish Banks (AIB) is waiving the transaction fee for all transactions made using contactless cards or NFC mobile devices... More
Indian banks sign up for Aadhaar Pay
More than 14 banks have signed up to support Aadhaar Pay, a service set to be unveiled by the Government of India that will enable consumers to receive and make payments using biometrics... More
Square cuts processing costs to promote Apple Pay
Mobile POS provider Square is encouraging small traders across the US to promote Apple Pay to customers by letting them process more than US$12,000 worth of Apple Pay payments for free — a saving of $350 in processing costs... More
Indians to get mobile wallet insurance
Indian mobile wallet providers may soon be required to insure their customers’ money... More
NXP predicts ePassports will become virtual mobile identities
PARTNER NEWS: The electronic passport could soon become a “virtual mobile identity” that will allow owners to interact with and authenticate applications, as well as send credentials to other electronic devices using NFC smartphones and wearables, according to NXP... More
Indian bank customers to open accounts with eye scans
Customers of DCB Bank in India will be able to carry out transactions such as opening a bank account by having their eyes scanned and verified against the country’s Aadhaar biometric ID database... More
Galaxy S8 to get iris scanner for payments authentication?
Samsung’s upcoming flagship smartphone will come with an iris scanner to allow owners to unlock their devices and authenticate purchases with their eyes, according to The Guardian... More
Ant Financial to buy MoneyGram for US$880m
Alipay parent company Ant Financial has entered into a “definitive agreement” to acquire money transfer services provider MoneyGram for about US$880m... More
BMO Harris Bank adds P2P mobile payments
Customers of BMO Harris Bank in the US can now send and receive money through People Pay, a mobile P2P payments service added to its mobile banking app... More
Apple Watch strap to get customisable links?
A newly published patent reveals Apple could be working on a strap design for the Apple Watch that will let wearers add extra functions to their device through modular links that connect together... More
Australian government pushes for biometrics to replace passports at airports
International travellers arriving at Australian airports may soon be able to pass through immigration and customs using biometric recognition without having to show their passports... More
Samsung Pass roll out takes biometrics to the web
Consumers with Samsung Galaxy S7 and Galaxy S7 Edge devices can now log into select websites and mobile apps using their fingerprint and Samsung Pass, the biometric authentication service unveiled by Samsung in August 2016... More
Target to launch mobile payment service this year
US retail giant Target is to introduce its own mobile payment service to “one or more of its own apps” later this year, the company’s Michael McNamara has told Recode... More
Pakistan to add payments to National IDs
Mastercard is to work with the Government of Pakistan’s National Database and Registration Authority (NADRA) to introduce a system that will enable Pakistani citizens to use their identity cards to conduct financial transactions... More
Ant Financial eyes up blockchain for Alipay
Alibaba’s payment affiliate Ant Financial is “definitely” looking into using blockchain to underpin its mobile payments platform Alipay, CEO Eric Jing has told CNBC, adding that artificial intelligence and blockchain will be “deeply” integrated into Ant Financial’s operations... More