Indian mobile payment provider Paytm has suspended a new feature in its mobile app two days after its launch, citing the need to “add additional certifications and features” before making it available again... More
Archive: News in brief
Beacons to deliver personalised marketing at ATMs
ATM manufacturer Diebold Nixdorf and Australian banking services provider Cuscal are using beacon technology to deliver personalised marketing offers to people as they approach cash machines or bank branches... More
Dutch bank in logistics blockchain project
Dutch bank ABN Amro is working with Delft University of Technology and 14 other partners to launch a two-year project to apply blockchain technology to the logistics sector... More
Android Pay to include a game?
Mobile payments service Android Pay could have a game built into it, with prizes on offer, an APK teardown report from Android Police suggests... More
iPayYou enables Bitcoin payments on Amazon
Customers will now be able to pay for Amazon purchases using Bitcoin through Bitcoin wallet iPayYou’s Amazon Direct service... More
R3 investment details take shape
Blockchain consortium R3 has reduced the amount it aims to raise from bank members in its first large round of equity funding to US$150m from US$200m, Reuters reports... More
Intel aims for ‘merged reality’ experience
Chip giant Intel is developing a virtual reality headset based on ‘merged reality’, with users able to see the real world even while wearing a full headset, The Verge reports... More
India’s Reserve Bank increases mobile wallet limit
The Reserve Bank of India (RBI) has increased the limit of money that can be kept in a mobile wallet to Rs 20,000 (US$291) from Rs 10,000 (US$145.5) following the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
Visa reports EMV increase in US
There are now 388.8m Visa EMV cards circulating in the US, 180.6m of which are credit cards and 208.3m debit cards, the payment network has revealed... More
120m mobile wallets connect to MFS Hub
Some 120m mobile wallets in Sub-Saharan Africa are now connected to mobile financial services provider MFS Africa’s MFS Hub... More
Mobile bank offers hand recognition authentication
Dutch mobile-only bank bunq is to offer customers using its app 4 Fingers TouchlessID hand recognition software, developed by US biometrics authentication solutions provider Veridium... More
Muji to accept Alipay in Chinese stores
Retail giant Muji is to accept Alipay mobile payments in nearly 200 stores in mainland China... More
Samsung Pay aims for Taiwan mobile payments lead
Samsung Pay is aiming to grasp “the largest share” of the Taiwan market following approval from the Financial Supervisory Commission (FSC) to enter the country, along with Apple Pay and Android Pay... More
NFC payments coming to Android Wear 2.0?
A Google Play Services v10.0 APK teardown conducted by Android Police has revealed Google may be adding support for NFC payments through Android Pay to its Android Wear 2.0 smartwatch update... More
Samsung Pay opens pairing for Gear S3 smartwatch
Samsung Pay will be supported on Samsung’s Gear S3 Classic and Gear S3 Frontier smartwatches without having to be paired with a Samsung smartphone... More
Byblos Bank launches HCE mobile payments
Customers of Lebanon-based Byblos Bank can now make host card emulation (HCE) based mobile payments using ByblosPay, a new service developed by the bank with Visa, CSC Bank and mobile app developer Foo... More
InComm to pilot dynamic CVV codes
Prepaid card provider InComm is to pilot a real-time authentication solution that will allow its cardholders to complete transactions using dynamic CVV codes that replace the static CVV codes printed on the back of cards... More
New Zealanders confidence in digital payments on increase
Nearly three quarters of New Zealanders (72%) trust that payments made via digital and mobile methods are secure, compared to 51% when digital payment methods first emerged, Visa reveals... More
Abu Dhabi schools in talks to pilot BLE school bus project
UAE-based startup Smart Navigation Systems (SNS) is in talks with “several schools” in Abu Dhabi to begin piloting School Bus Application, a service that notifies parents of the safety of their children when travelling to school using Bluetooth Low Energy (BLE) beacons on buses... More