UnionPay reports growth in QR code mobile payment volumes — UnionPay International — “The cross-border transaction volume of mobile QuickPass, the UnionPay mobile payment product, doubled in the first half of this year. More notably, more overseas customers are using mobile QuickPass. The transaction volume of mobile QuickPass used locally in Hong Kong and Macau more than tripled and the transaction of mobile QuickPass by Hong Kong and Macau cardholders in mainland China grew by over seven times year-on-year.” 




N26 will bring Apple Pay to customers in Spain later this year — N26 — “Later this year, N26 will bring Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient, to customers in Spain. N26 is proud to bring Apple Pay to Spain. Supporting Apple Pay is another example of the innovation for which N26 is so well known.” 


Citi Pay launches in the US — Citi — “Online and in-app purchases will be enabled through Citi’s integration of Masterpass… For Android users, the digital wallet also enables Citi cardholders to make in-store purchases by tapping their Android mobile devices at any NFC-enabled point-of-sale terminal… In 2016, Citi Pay launched in Singapore, Australia and Mexico with tap and pay capabilities.” 


Over 20 financial institutions in the US, Europe add support for Apple Pay — Apple Insider — “Apple added another 22 banks and credit unions to its roster of Apple Pay-supporting institutions in the United States, with the new additions to the collection joined by a number of European institutions… The latest batch of institutions to join the Apple Pay support page are, like the last update, made up of regional banks and credit unions.” 


Ticketmaster will soon admit you to events using audio data transmitted from your phone — VentureBeat — “Ticketmaster will soon be able to admit you to live events and track your movement using nothing more than a discrete digital audio broadcast from your smartphone… The ticketing giant has teamed up with Lisnr, a data-over-audio company that uses an ultrasonic sound technology it calls ‘smart tones’ to transmit information between devices.” 


Open Banking launches account information and payment initiation API specifications — Open Banking — “The payments initiation API will enable third parties to set up secure payments on behalf of customers and, once authorised by the customer, submit the payment for processing. The specification currently caters for the submission of a single, immediate, domestic payment from UK personal and business current accounts and is payment scheme agnostic.” 


LG Pay to be used for low-budget smartphones next year — Korea Herald — “‘We will expand the use of LG Pay into low-budget smartphones alongside premium phones next year,’ Cho Jun-ho, president of LG’s mobile communication division said during a meeting with local bloggers on Friday… Cho said the use of LG Pay will expand into online stores and the global market, although he did not elaborate the specific date.” 


Alibaba challenges Google, Amazon with new Echo-like device — Bloomberg — “Importantly, the gadget — powered by the AliGenie system — may eventually simplify shopping for the Chinese e-commerce giant’s 450 million active buyers who turn to the website for everything from cherries to makeup. It will begin formal sales from August 8 only for China and won’t come with a display.” 


In China, Amazon’s ‘store of the future’ is already open — Tech In Asia — “This is a typical Bingobox store… A shopper opens the door – and registers with the startup – through WeChat, the popular messaging app… The customer has to scan each item’s barcode. And then pay on their phone, either via WeChat or Alibaba’s mobile wallet app, Alipay. As you leave the store, a camera checks you’re taking out only the stuff you paid for.” 



LG’s mobile chief confident of payment tool — Yonhap News — “The head of LG Electronics Inc’s mobile business said Wednesday the company plans to release its mobile payment platform LG Pay overseas in the future, expressing strong confidence over the service… LG Electronics said 38.4% of the tool’s users were in their 30s as of end June, while the number of those in their 50s and 60s was quickly increasing.” 


WeChat Pay launches overseas open platform — Marbridge Daily — “Overseas merchants and service providers will be able to submit application materials online, receive a confirmation email, and sign a service contract online to begin using WeChat Pay. Applicants can also use the open platform to look up authorised overseas institutions and service providers that have partnered with WeChat Pay.” 


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