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    Archive: News in brief

    Millennials not giving up on cash and checks

    March 2nd, 2017

    Millennials have “one foot firmly planted in both the future and the past” when it comes to mobile payments, a study by Accel and Qualtrics says. The report reveals that 42% still write checks, while five times more millennials pay with cash than use mobile payments platforms.

    Nordea launches PSD2-inspired Open Banking portal

    March 2nd, 2017

    Nordic bank Nordea has launched the first version of its Open Banking/Open API portal, offering third-party developers the chance to collaborate with the bank as part of the requirements laid out by the European Payment Services Directive (PSD2). “Nordea is seeking to actively collaborate with third parties and industry innovators to co-create future banking services,” says Nordea’s Jarkko Turunen. The bank’s Liisa Kanniainen has written for NFC World’s What’s New in Payments report on what the new European PSD2 and GDPR regulations mean for the future role of banks.

    Wristbands for contactless payments given away at MWC

    March 2nd, 2017

    Giesecke & Devrient (G&D) and Spain’s CaixaBank have distributed prepaid wristbands to visitors to Mobile World Congress in Barcelona which let them make contactless payments. “The device can also be used as a building access control system or as a public transport card thanks to the NFC contactless technology and various mobile applications,” G&D says. CaixaBank’s Matteo Fermi has written for NFC World’s What’s New in Payments report on how mobile payments can add value to traditional banking services.

    Pizza Hut unveils pizza-ordering shoes

    March 2nd, 2017

    Pizza Hut has unveiled a pair of shoes with a button that lets wearers order pizza and get it delivered. A video from the pizza chain shows how the ‘Pie Tops’ have a button on the tongue that connects to the owner’s smartphone on which the default order and delivery location is set via the Pizza Hut app. In October, Pizza Hut launched what it described as the world’s first pizza-ordering tattoo, while its director of digital ventures, Meysam Moradpour, has written for NFC World’s What’s New in Payments report on how the Internet of Things is becoming the Internet of Commerce.

    Turkish retailer adds payments to Messenger bot

    March 2nd, 2017

    Istanbul-based mobile retailer Getir has integrated Mastercard’s Masterpass service into its Facebook Messenger bot, enabling customers to choose products, place their order and pay from within a chat window. “Customers simply search for ‘Getir’ in Messenger, chat with an intelligent bot in a natural, conversational way, and make a secure payment with Masterpass,” Getir says.

    Rambus Security boss sets out future vision

    March 2nd, 2017

    PARTNER NEWS: Following this week’s rebranding of Bell ID and Ecebs, both acquired by Rambus in January 2016, the general manager of the company’s Rambus Security division to which the two companies now belong has set out his vision for the division going forward. “In essence,” Dr Martin Scott says, “Rambus Security not only enables the technologies that make your life easier, but secures them by delivering on the promise of chip-to-cloud-to-crowd trust.”

    Chinese mobile payments exceed US$1tn in one quarter

    March 1st, 2017

    China’s third-party mobile payments market reached RMB 9,041.9 billion (US$ 1314.23 billion) in size during Q3 2016, a quarter on quarter increase of 20.5%, according to research published by China-based Analysys. Alipay secured 50.42% of the market, followed by Tenpay (38.12%) with Lakala a distant third at 3.32%.

    Cook: Apple Pay has “hit an air pocket”

    March 1st, 2017

    Apple CEO Tim Cook told attendees at the company’s annual shareholder meeting this week that Apple Pay “hit an air pocket” this year with adoption in the US trailing other countries, such as China and Australia, where NFC is more broadly available, AppleInsider reports from the event.

    EcoCash and Mahindra win GSMA best mobile payments solution award

    February 28th, 2017

    PARTNER NEWS: Zimbabwean mobile payments service EcoCash, powered by Mahindra Comviva’s Mobiquity Money platform, has been named Best Mobile Payment Solution at the Mobile World Congress Glomo Awards. The service is deployed by Zimbabwe-based mobile network operator Econet Wireless and includes support for NFC mobile payments. A video produced by Mahindra shows how the service works.

    NXP signs deals to add NFC to cars

    February 28th, 2017

    PARTNER NEWS: Five “leading car OEMs” are to integrate NFC technology from NXP into cars to enable a variety of secure interactions including vehicle access, Bluetooth and WiFi pairing, personalization and payments, the chip maker has announced at Mobile World Congress in Barcelona. A new automotive-grade NFC frontend IC, optimized for secure car access, has also been announced along with a vehicle door handle reference design based on the new NCx3320 chip.

    Mastercard and Visa expand availability of QR payments

    February 28th, 2017

    Visa’s mVisa QR-based mobile payment service is now live in India, Kenya and Rwanda and will soon be available in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam, the company has announced at Mobile World Congress in Barcelona. Mastercard’s Masterpass QR service, meanwhile, is now available in seven countries in Africa and Asia — Kenya, Pakistan, Nigeria, Rwanda, Tanzania, Uganda and Ghana.

    PayPal reports 50% rise in mobile payments

    February 28th, 2017

    A third of all transactions processed by PayPal are now conducted using a mobile device, PayPal COO Bill Ready has revealed, with the company processing more than US$31bn in mobile payments in the fourth quarter of 2016 — up 53% from the same period in 2015. Fifty million people around the world now have a PayPal account that is enabled for One Touch payments, Ready adds, with 75% of the top 100 US retailers now supporting the service.

    Huawei includes NFC payments in new smartwatch

    February 27th, 2017

    Huawei has unveiled a new smartwatch at Mobile World Congress that supports NFC payments. The Huawei Watch 2 comes in sports and classic watch styles, features standalone 4G connectivity, runs Android Wear 2.0 and includes support for Google Assistant.

    China’s central bank tests digital currency for in-store payments

    February 27th, 2017

    The People’s Bank of China (PBOC) has conducted trial runs of a prototype cryptocurrency it has been developing since 2014 that could be used “to buy anything from noodles to a car”, The Straits Times reports. The digital currency would enable sellers to receive payments “directly from the buyer, lowering transaction costs as the middleman is cut out of the process”, the report adds.

    Google Assistant comes to more Android phones

    February 27th, 2017

    Google Assistant will be made available to all phones running Android 7.0 Nougat and Android 6.0 Marshmallow operating systems, Reuters reports. The virtual assistant will roll out this week to English speakers in the US, followed by Australia, Canada, the UK and German speakers in Germany. The company “is working on support for additional languages”, the news service adds. Google Assistant had previously only been available on Google’s own Pixel brand phones.

    GSMA predicts 1.1bn 5G connections by 2025

    February 27th, 2017

    The GSMA forecasts there will be 1.1bn 5G mobile connections by 2025, with 5G networks providing one in eight of all mobile connections and driving “massive rollout of intelligent IoT nodes for a multitude of scenarios”. “The 5G era will make possible a huge array of new applications, everything from sensor-driven smart parking to holographic conference calls,” says GSMA director general Mats Granryd.

    BNP Paribas launches HCE mobile payments

    February 24th, 2017

    Customers of French bank BNP Paribas will soon be able to make host card emulation (HCE) based mobile payments through the bank’s mobile banking app and Paylib, an online payment platform supported by the country’s main banks. BNP Paribas’ deployment — which follows Crédit Mutuel Arkéa’s HCE mobile payments launch earlier this week — will be completed by early March.

    India Post to enable Aadhaar money transfers

    February 24th, 2017

    India Post is to allow consumers to send and receive money using only their Aadhaar number from September 2017, when the government-operated postal system launches its own payments bank. “We will bring out a solution to make Aadhaar a payment address,” IndiaPost CEO AP Singh told The Economic Times. “People who already have an Aadhaar should be able to receive payment from any source.”

    Metro Bank adds Android Pay in UK

    February 24th, 2017

    Metro Bank in the UK is now offering support for Android Pay. “Expanding Metro Bank’s mobile payments to include Android Pay is just another example of how we’re helping to improve the banking and payments experience for our customers,” says the bank’s CCO Paul Riseborough.

    India’s Mobikwik aims to triple user base in 2017

    February 23rd, 2017

    Indian mobile wallet MobiKwik is to invest Rs 3bn (US$45m) to triple its user base and raise the total volume of transactions on its platform to $10bn in 2017, The Times of India reports. “MobiKwik said the investment will help it triple its user base to 150m and drive up annual gross merchandise value by year end from the current $2bn,” the report says.

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