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    Apple Pay

    News about Apple Pay.

    Apple marks Earth Day with Apple Pay donations

    April 26th, 2017

    Apple is celebrating Earth Day by donating US$1 to the World Wildlife Fund (WWF) whenever a customer makes a purchase in an Apple store using Apple Pay. The promotion will run until April 28. “Note that the donation amount is based on the purchase alone, not how much the purchase is worth,” 9to5mac reports.

    WeChat Pay and offline mobile payments see “incredibly high” uptake in China

    April 26th, 2017

    Nine in ten Chinese mobile internet users (92%) choose mobile payment apps such as WeChat Pay as their primary offline payment method today, research released by Tencent Online Media Group’s newly launched research project China Tech Insights reveals, while “smartphone built-in payment tools” such as Apple Pay are currently used by approximately 12%. More

    Singapore banks add in-store QR code payments to mobile apps

    April 25th, 2017

    Customers of Singapore’s DBS Bank and OCBC Bank will soon be able to make in-store mobile payments by scanning a QR code at any point-of-sale terminal belonging to the country’s electronic payments network Nets. More

    US Bank ties credit card points to mobile payments

    April 25th, 2017

    Customers of US Bank will be offered a high-end credit card from 1 May 2017 that will award them triple points per dollar spent through a mobile payment made using Apple Pay, Android Pay, Samsung Pay or Microsoft Wallet. The US Bank Altitude Reserve Visa Infinite Card has been designed to “put the decision-making in the hands of the consumer,” American Banker reports the bank’s John Steward as saying. Rather than earning points at restaurants, “a customer might choose to earn them at a bike shop they often visit”.

    More than 150m people to use Apple Pay, Samsung Pay and Android Pay by end of 2017

    April 11th, 2017

    The number of consumers using OEM Pays — mobile payment services delivered by handset manufacturers — such as Apple Pay, Samsung Pay and Android Pay will exceed 100m for the first time during the first half of 2017 and is expected to surpass 150m by the end of the year, Juniper Research reveals, while host card emulation (HCE) adoption is set to rise five-fold over the next four years. More

    Westpac claims ACCC ruling “stifles innovation”

    April 10th, 2017

    The Australian Competition and Consumer Commission’s (ACCC) decision to rule against a group of banks seeking access to the NFC technology within Apple’s iPhones “stifles innovation” from the banks and other players in the market, according to Westpac’s Dave Curran. “Phones are platforms and to say that NFC isn’t open doesn’t make sense to me as a CIO of a bank,” The Australian reports Curran as saying. “It needs to be open so we can innovate on it.”

    Apple Pay gets positive start in Taiwan

    April 10th, 2017

    Some 415,000 cards were registered to Apple Pay two days after it launched in Taiwan in March 2017, the Financial Supervisory Commission has revealed. Taiwan Mobile Payment Co’s (TWMP) T Wallet+ host card emulation (HCE) service — which launched in August 2016 — “pales in comparison at only 33,000,” The China Post reports. “T Wallet+ actually has double the number of partnering banks in comparison with Apple Pay — the former having 14 and the latter seven.”

    Australian banks lose fight to gain access to NFC functionality in Apple iPhones

    April 3rd, 2017

    The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”. More

    Samsung Pay expands on online payments plan

    April 3rd, 2017

    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 in-store adoption is “growing nicely”

    March 30th, 2017

    Apple Pay adoption at the point of sale is “growing nicely” and is “in-line with growth among other digital payment players” such as Google and Samsung, long-time Apple analyst Gene Munster reveals. “We believe that users are activating Apple Pay on about 30% of new iPhones,” the analyst, who has moved to Loup Ventures from Piper Jaffray, writes in a research note. “In total, we estimate that 13% of the 680m iPhones in use today have activated Apple Pay.”

    Apple details Touch ID and PC-to-phone payment security features

    March 30th, 2017

    A new security white paper on Apple’s iOS 10 provides details about security improvements made to Touch ID as well as insight into the security infrastructure behind a feature of the operating system that makes it possible for developers to enable Apple Pay users to start a payment on a computer and finish it on their phone, Techcrunch reports.

    Apple Pay goes live in Taiwan with support from seven banks

    March 29th, 2017

    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

    Square arrives in the UK

    March 28th, 2017

    Mobile POS provider Square has launched in the UK. “Whether you have a traditional brick-and-mortar shop or a mobile or online business, you can use Square Reader to take chip and PIN cards, contactless cards and mobile payments like Apple Pay and Android Pay anywhere you are doing business,” the company writes in a blog post. Square is now available in the UK, US, Canada, Japan and Australia.

    Apple Pay to launch in Taiwan on March 29?

    March 28th, 2017

    Apple Pay will launch in Taiwan on March 29 with support from Cathay United Bank, CTBC Bank, E Sun Commercial Bank, Standard Chartered Bank, Taipei Fubon Commercial Bank, Taishin International Bank and Union Bank of Taiwan, according to Focus Taiwan. The company unveiled its plans to launch the mobile payment service in Taiwan in February 2017, when Apple CEO Tim Cook revealed that the number of Apple Pay users has more than tripled over the past year.

    Wells Fargo to add NFC mobile withdrawals to ATMs later this year

    March 28th, 2017

    Customers of US bank Wells Fargo will be able to withdraw cash from ATMs using an NFC-based mobile payments service such as Apple Pay, Android Pay and Samsung Pay when the bank rolls out an upgrade across the US “later this year”. More

    Apple Pay struggles in China in the face of tough competition

    March 27th, 2017

    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. “I don’t think Apple Pay can achieve the same market share as Alipay or WeChat Pay in the foreseeable future,” Morningstar Investment Service analyst Marie Sun told Bloomberg. “Personally, I don’t see any benefits to switching myself.” Apple Pay launched in China in February 2016.

    Starbucks to add gift cards to iMessage as Mobile Order & Pay grows

    March 24th, 2017

    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

    Westpac launches payments keyboard for chat apps

    March 22nd, 2017

    Customers of Australian bank Westpac will soon be able to use an innovative replacement for the default keyboard found in social messaging apps such as Facebook Messenger and WhatsApp to make P2P money transfers to friends, family and businesses as well as send cardless cash codes to recipients for ATM withdrawals. More

    LG to launch mobile payments service using magnetic communication technology

    March 22nd, 2017

    LG will launch its LG Pay mobile payments service in Korea in June this year using a mobile payment technology that works by “generating a magnetic signal from a mobile device such as a smartphone, and paying it to a general credit card terminal”.  More

    US Bank adds Visa corporate cards for mobile payments

    March 21st, 2017

    US Bank customers can now add their Visa Corporate Travel Card to Apple Pay, Android Pay and Samsung Pay. “This new functionality allows commercial cardholders to conveniently and securely pay on the go with compatible devices, making US Bank the first financial institution to offer a mobile payment solution for Visa corporate card transactions,” the bank says. Select US Bank customers can make use of the function now, with a “wider launch to all commercial clients” coming in the spring.

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