ING Romania to let customers withdraw cash with just their mobile phones

Surprise from ING — Ziarul Financiar (Translation) — “We noticed that once they used mobile payments, customers no longer used their card except for ATM withdrawals. I think this year we will introduce the possibility to make ATM withdrawals with a mobile phone, without the need for a physical card… ING Bank Romania introduced mobile payments in the summer of 2018 and now has about 70,000 registered users.” 


SBI adds cardless mobile cash withdrawals at 16,500 ATMs across India

SBI Yono: The big security advantage for you with this new cardless cash withdrawal — Financial Express — “Customers can initiate the cash withdrawal process by installing the Yona App and setting a six-digit Yono Cash PIN for the transaction and another six-digit reference number for a transaction, which customers will get after initiating the cash withdrawal process on their registered mobile number via SMS, that has to be used within 30 minutes along with the PIN at the nearest Yono Cash point to get the cash… The SBI has enabled 16,500 ATMs for this service, called Yono Cash Points.” 


WeChat Pay reports 500% increase in transaction volumes

WeChat Pay supports merchants expanding businesses by bringing its ecosystem to the world — WeChat Pay — “In 2018, the monthly average transaction volume saw an increase of 500% year on year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase [of] 300%, and the number of merchants accepting WeChat Pay increased 700%. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies.” 


Samsung Pay promotes mobile payments adoption with prize draw for UK users

Samsung offers customers thousands of prizes with Samsung Pay — Samsung — “To enter the prize draw and be in with a chance to win, new and existing Samsung Pay users must enter the prize draw, then use Samsung Pay to make five transactions by 3 May 2019. Prizes include a 55-inch 2018 Q9F flagship QLED 4K television, a selection of 42mm Galaxy Watches and Samsung Level Box Slim Bluetooth speakers as well as 64GB Micro SD cards.” 


Visa seeks product manager for cryptocurrency team

Technical Product Manager, Visa Fintech — Visa — “As a product manager on the Visa Crypto team, this person will have responsibility for executing Visa’s product strategy within the cryptocurrency ecosystem. This highly motivated individual will be responsible for managing a product roadmap and collaborating with key stakeholders across the strategy, risk, research and engineering organisations.” 


Xiaomi expands its Mi Pay mobile payments service to India

Xiaomi announces official Indian launch of Mi Pay — GSMArena — “Back in 2016, Xiaomi launched Mi Pay in China and followed that up by launching a beta trial in India. Testing is finally complete and Indian users get full access to Mi Pay. The platform is built on the Unified Payments Interface (UPI) in collaboration with National Payments Corporation of India (NPCI) and ICICI Bank and supports more than 120 banks.” 


Visa offers free upgrades to Apple Pay users in UAE and Saudi Arabia

Visa partners with Starbucks & Hardee’s to help promote the use of Apple Pay in KSA and UAE — MenaFN — “The promotion with Starbucks will allow Visa cardholders to upgrade the size of their latte, cappuccino or americano beverages if they pay through Apple Pay… The Hardee’s promotion will allow Visa cardholders to receive a free dessert when they buy any large meal of their choice using Visa with Apple Pay.” 


Commonwealth Bank reports ‘dramatic increase’ in mobile payments due to Apple Pay

Digital wallet payments surge on Apple Pay: CBA — The Sydney Morning Herald — “‘Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions that are linked to a card increase 2.7 times. So it’s really increased quite dramatically since we’ve introduced Apple Pay for our consumer customers,’ said Sam Itzcovitz, CBA’s general manager of commerce solutions, business customer solutions.” 


WhatsApp Payments to launch in UK, Mexico and Brazil?

WhatsApp Payments reportedly coming to Mexico, Brazil, UK next — NDTV — “According to WABetaInfo, a prolific tipster of upcoming WhatsApp features, three countries — Brazil, Mexico, and [the] UK — will be getting WhatsApp Payments next… The service was introduced in beta in India last year but is yet to roll out to all users in the country because of regulatory hurdles.” 


German consumers warm to contactless payments

Consumer insights study on German consumers’ preferred payment methods — First Data — “Contrary to the traditional ‘cash being king’ mindset, our study reveals a definite shift in consumer preference to more convenient methods of payments… 42% believe contactless payments are more convenient… 54% of consumers believe cash will become obsolete in a few years, 52% prefer card payments… 61% agree that card payments will become increasingly available.” 


Facebook to offer WhatsApp payments in Africa?

Facebook in talks with banks about mobile payments in Africa — BusinessDay — “Facebook is in talks with financial institutions about possible mobile payment collaborations in Africa, says Carolyn Everson, a vice president at the social networking group… ‘We’re definitely interested in helping facilitate payments — it’s more of a 2020 roadmap for us than a 2019 one — but we’re having those initial conversations with some of the larger financial services companies.” 


German savings banks to offer Apple Pay ‘this year’

Volksbanken and Raiffeisenbanken want to support Apple Pay in 2019 — Heise Online (translation) — “Like the savings banks, the Volksbanks offer their customers their own app for contactless payment transactions in the retail sector. However, it is only available for Android because Apple has not released the NFC interface of the iPhone for such applications. The German savings banks had demanded that Apple should open its NFC functionality to banking apps as recently as the end of 2018, but have now dropped this requirement.” 


UK Finance reports 31% rise in contactless transactions

Contactless card use surges as doubts ease — BBC News — “The number of transactions using contactless rose by 31% in 2018 compared with the previous year, banking trade body UK Finance data shows. Adoption of this technology on public transport and by more retailers has led, in part, to the rise.” 


Chipotle teams with Venmo to launch mobile rewards program

Chipotle Rewards launches by giving fans a quarter of a million dollars on Venmo — Chipotle Mexican Grill — “Chipotle is using Venmo payouts to give away up to a quarter of a million dollars… For a chance to receive anywhere between $1 and $500, consumers submit the phone number associated with their Venmo account at chipotlerewardsme.com. Within 24 hours, recipients of the payouts will be alerted of the payment in the Venmo app with a payment note from Chipotle, along with a custom Chipotle pepper emoji.” 


Safaricom signs mobile payments deal with Alibaba

Safaricom, Alibaba unit agree mobile payments partnership — Bloomberg — “The deal extends Safaricom customers’ ability to use its mobile money service, known as M-Pesa, outside Kenya as the company looks to establish the system as a global platform.” 


Older US consumers warm to bank-led P2P payments

Make room Millennials, Zelle study finds Generation X and Boomers driving broader adoption of person-to-person (P2P) payments — Early Warning Services — “52% of Generation X and 46% of Boomer respondents said that they ‘trust’ P2P payments, and are interested in using available solutions. 76% of Generation X and 74% of Boomers surveyed ranked ‘offered through a financial institution they use’ as a top reason to trial P2P payments.”