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    Apple Pay

    News about Apple Pay.

    Bank of China brings Apple Pay to UnionPay credit cards

    February 21st, 2017

    Bank of China has become the first bank in Hong Kong to offer Apple Pay with UnionPay credit cards. BOC UnionPay Dual Currency Credit cardholders can make payments at UnionPay QuickPass terminals in mainland China and Hong Kong. A HK$30 cash (US$4) gift for customers signing up for Apple Pay and promotions for using the service at Pacific Coffee and Sasa outlets are on offer until 20 April 2017.

    Apple and Samsung boost Russian interest in virtual cards

    February 21st, 2017

    The launch of Apple Pay and Samsung Pay in Russia helped to produce a fivefold increase in the number of consumers using online payment service Yandex.Money to pay for goods and services in 2016, Vedemosti reports. The interest generated in the use of virtual cards by the mobile payments services saw turnover increase fourfold and the number of transactions seven times, the publication adds.

    ING Direct and Macquarie support Apple Pay in Australia

    February 21st, 2017

    ING Direct and Macquarie Bank are now rolling out support for Apple Pay in Australia, with 47 financial institutions now supporting the mobile payments service in the country. Four of Australia’s largest banks continue to delay offering support for Apple Pay and are pursuing their fight to gain access to the NFC technology within iPhone handsets.

    Apple Pay coming soon to Germany and Italy?

    February 21st, 2017

    Apple Pay could soon be launching in Germany and Italy, after German and Italian language instructions on how to use the mobile payment service were discovered on Apple’s website by Polish website iMagazine. No supporting banks are currently being listed for the launch of Apple Pay in either country.

    Fashion retailers test smart mirrors for mobile payments

    February 17th, 2017

    Fashion retailers Ralph Lauren and Rebecca Minkoff are testing smart dressing-room mirrors that will soon allow shoppers to “wave their phones in front of the mirror and make a purchase using Apple Pay or Android Pay”, Bloomberg reports. The mirrors from Oak Labs read RFID tags on clothes and display complementary items, and allow customers to adjust the lighting and alert store assistants.

    New iPhone to feature 3D laser facial recognition scanner?

    February 17th, 2017

    Apple’s iPhone 7S, 7S Plus and 8 will come with a 3D laser scanner for facial recognition later this year to replace the Touch ID fingerprint scanner, JPMorgan analyst Rod Hall has told MacRumors. He says the switch to facial recognition will “potentially be more secure than Touch ID, which could increase Apple Pay adoption among banks and merchants”.

    Russian mobile network MTS launches first phase of Money Wallet payments, transfer and loyalty service

    February 17th, 2017

    Russian mobile network operator MTS has launched MTS Money Wallet, an online payments and money transfer service that incorporates loyalty points, offers and discounts, and is to be expanded to transport and in-store payments via… More

    Jaguar brings in-car fuel payments to Shell service stations

    February 15th, 2017

    Luxury car maker Jaguar has begun integrating a mobile payments system into its vehicles, allowing drivers to use PayPal or Apple Pay to pay for fuel at Shell service stations using an app and the… More

    Apple Pay and Android Pay prepare for Korea launch

    February 15th, 2017

    Apple Pay and Android Pay are preparing to launch in Korea, according to The Korea Herald. “Apple’s executives recently held a meeting with South Korean financial authorities — a move that can be viewed as the company testing the waters,” the publication reports. “Local card companies forecast that Google’s Android Pay is likely to be introduced earlier than Apple Pay.”

    Australian banks drop Apple Pay fee request to focus on iPhone NFC access

    February 13th, 2017

    The group of Australian banks arguing for the right to collectively negotiate with Apple over the introduction of Apple Pay in the country have dropped their request to jointly arrange how to “pass-through” additional fees… More

    Australia’s retailers join the banks in their battle with Apple Pay

    February 10th, 2017

    The Australian Retailers Association (ARA) has come out in support of the group of four Australian banks seeking stronger negotiation powers with Apple over the introduction of Apple Pay in the country, saying they believe… More

    Apple Pay boss claims Australians will be ‘happy to switch banks’ for the mobile payments service

    February 10th, 2017

    Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with… More

    ING Direct and Macquarie Bank to add Apple Pay in Australia

    February 10th, 2017

    ING Direct and Macquarie Bank have become the latest banks to sign up to support Apple Pay in Australia. According to the Apple Pay website, support from the banks is “coming soon” and will take the total number of Apple Pay supporting financial institutions in the country to 47. Four of Australia’s largest banks continue to hold out, however, and are continuing their fight with Apple for the right to collectively negotiate with third-party mobile wallet providers

    Mobile wallet market to pass $4tn by 2021

    February 9th, 2017

    The mobile wallet market will exceed US$4tn by 2021, Infiniti Research predicts, up from close to $1tn in 2016. “Apple Pay has been growing steadily since launch, but its penetration is still quite low,” the research firm says. “In the app store, for example, it is used for only 1% to 1.5% of transactions. Physical stores see less than 0.8% usage of the payment method.”

    Apple Pay most popular mobile payment service among US retailers, survey finds

    February 7th, 2017

    Apple Pay has the largest percentage of supporting US merchants with 36% accepting the mobile payment service today, up from 16% last year, research released by Boston Retail Partners (BRP) reveals. Some 22% of retailers… More

    Apple accuses Australian banks of Apple Pay transaction fee ‘trojan horse’

    February 6th, 2017

    Australian banks are using fees on Apple Pay transactions as a “trojan horse” to discourage the use of its mobile payments service and to condition consumers to accept transaction fees with the “longer term view… More

    Apple Pay to add loyalty?

    February 6th, 2017

    “Close financial partners and job postings on Apple’s career page hint that the company is interested in more closely integrating Apple Pay into loyalty programs that reward customers for using the mobile wallet,” Quartz reports. The idea is that “retailers can tie their own loyalty programs into Apple Pay, so that people using the system can rack up points just as they would if paying by cash or a physical credit card,” the publication adds.

    Young Brits adopting mobile wallets

    February 6th, 2017

    Two thirds of 18- to 25-year-olds in the UK (64%) are using a mobile wallet, while only 14% have “no interest” in doing so, research released by social money transfer app Moneymailme reveals. “PayPal seems to remain one of the most frequently used online payment services among 18- to 25-year-olds (52%), while newer entrants to the market like Apple Pay (18%) and Google Wallet (9%) are starting to gain market share,” the company says. Meanwhile, 48% believe cash will become obsolete within 20 years.

    Apple Pay in Australia ‘will encourage credit card competition’

    February 3rd, 2017

    Apple Pay could encourage competition between banks on credit cards in Australia, prompting more promotions and discounts, according to Apple’s latest submission to the Australian Competition and Consumer Commission (ACCC). In the latest round of its fight with the country’s big four banks, Apple also says Apple Pay would allow small banks to better compete in the market because they have “less resources to develop their own digital wallets,” The Sydney Morning Herald reports.

    Apple Pay triples users in 2016 and prepares to launch in Taiwan

    February 1st, 2017

    The number of Apple Pay users has more than tripled over the past year, with transaction volume up 500% year-over-year, Apple CEO Tim Cook revealed during the company’s first quarter earnings call. The mobile payment service is also expected to launch in Taiwan “soon”. More

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