Handset maker Huawei has partnered with bank card association China UnionPay for the roll out of Huawei Pay, an NFC-based mobile payment service that makes use of tokenization technology and is expected to be available on a wide range of Huawei handsets. More
Santander customers in the UK with an Apple iOS device will soon be able to use their voice to interact with their SmartBank mobile banking app in order to make payments, retrieve information such as how much they have spent and perform queries on specific transactions... More
Apple has announced a new, entry level iPhone that includes “an NFC radio and a secure element”, a Touch ID fingerprint sensor and support for Apple Pay... More
Apple has added another 48 banks and credit unions to its list of Apple Pay supporting financial institutions in the US and a further three banks in China, “notably including Ally Bank, one of the last major national US banks that had not supported the mobile wallet technology,” Macnn reports... More
Consumers will spend more than US$3.6trn using online, mobile and contactless payments services this year, up 20% from US$3trn in 2015, according to Juniper Research... More
Luxury watchmaker Swatch will focus its smartwatch activities on its plastic Swatch brand before considering the technology for its pricier models... More
Apple is preparing to launch Apple Pay in Switzerland, a filing with the Swiss Federal Institute of Intellectual Property suggests... More
Finnish digital lock mechanism specialist iLoq has unveiled the world’s first electronic door lock powered by a user’s NFC mobile phone, removing the need for the lock to be equipped with a battery or external power source. More
NFC World is pleased to welcome transaction technology provider Carta Worldwide as a partner for a second year. Carta is an award-winning leader in next-generation transaction processing and mobile payment technologies including host card emulation (HCE), cloud-based secure elements and tokenization. More
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021. More
Motorists across the US can now pay for their fuel at the pump at more than 6,000 ExxonMobil gas stations using Apple Pay and the fuel retailer’s Speedpass+ mobile payment app. The oil and gas company plans to expand the app’s availability to more than 8,000 locations by mid-year. More
Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank... More
Apple has added a further 27 banks and credit unions to its list of Apple Pay supporting financial institutions in the US... More
Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals... More
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
Apple Pay has attracted 12m monthly users globally since its launch in October 2014, while Google’s Android Pay has attracted 5m monthly users since becoming available in September 2015 and Samsung Pay has also attracted 5m monthly users, according to research by Crone Consulting which has been reported by Bloomberg... More
Some 148m consumers will make NFC mobile payments this year, with Apple and Samsung accounting for nearly 70% of new customers, Juniper Research forecasts... More
MasterCard could begin supporting Apple Pay in Canada this year, according to a MacRumors report... More
MasterCard cardholders using Apple Pay can travel for free around London for the next three consecutive Mondays... More
Android Pay will launch in the UK in March, according to The Telegraph... More