Samsung Pay will be available for online payments at “hundreds of thousands of merchants around the world” where Visa Checkout is accepted later this year. The news follows an announcement by the company’s Justin Denison at Samsung Unpacked 2017 last week that the service was heading online through “strategic partnerships”. More
Apple Pay has launched in Taiwan with support from Mastercard, Visa and seven banks including Taipei Fubon Commercial Bank, Cathay United Bank, E.Sun Commercial Bank, Taishin International Bank, CTBC Bank, Standard Chartered Bank and Union Bank of Taiwan. More
Apple Pay is “struggling” in China due in part to a minority smartphone market share and consumers being “far more accustomed” to competing services such as Alipay and Tencent’s WeChat Pay... More
Starbucks customers across the US will soon be able to purchase gift cards using Apple Pay and send them to friends and family within Apple’s iMessage platform. The move comes as the coffee giant reveals it now has approximately nine million mobile paying customers with one in three using Mobile Order & Pay, which accounted for 8% of all transactions made across US stores last month. More
Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More
A recent spate of scams involving QR code mobile payments in China has sparked calls for the authorities to “do more to protect consumers”, according to the South China Morning Post... More
China is outpacing the US and Europe in the development of mobile payment technology, according to Apple CEO Tim Cook... More
More than eight in ten Chinese millennials (85.6%) use in-store mobile payments at least once a week compared to 44.7% of US millennials, research released by branding agency Labbrand reveals... More
Samsung Pay has launched in beta across Sweden, the first Nordic country to see the mobile payment service rolled out, with support from debit and credit card providers Mastercard, Mastercard SAS, Visa, Eurocard, and banks Nordea and SEB... More
Apple Pay has been launched across Ireland with support from Mastercard, Visa, KBC and Ulster Bank, allowing customers to make in-store, online and in-app payments using their compatible devices... More
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... More
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... More
Over half a billion mobile money accounts have been registered in 92 countries, with 1.3bn transactions processed in December 2016 alone, research from GSMA reveals... More
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... More
PARTNER NEWS: A new embedded secure element and NFC solution from NXP will make it possible for mobile transactions to be conducted at the same speed as contactless card transactions... More
Samsung Pay has begun rolling out in Malaysia with support from CIMB, Citibank and Standard Chartered, with Hong Leong Bank coming soon... More
Bank of China has become the first bank in Hong Kong to offer Apple Pay with UnionPay credit cards... More
Global EMV payment card shipments increased by less than 1% year-on-year in 2016, reaching nearly 3bn, ABI Research says... More
Senior executives from Starbucks, Pizza Hut, Barclaycard, Swatch and CaixaBank are among 12 leading payments innovators who have contributed to What’s New in Payments, a 104-page special report that is now available to download free of charge from the NFC World Knowledge Centre... More
The volume of payments made by Chinese consumers during the 2017 Lunar New Year holiday using their smartphones and China UnionPay’s contactless payment service “increased nearly 21-fold, year on year,” news agency Xinhua reports... More