Lloyds Bank to pay retailers to offer cash withdrawals to customers

Lloyds Banking Group announces pilot scheme to boost the number of retailers offering cashback — Lloyds Banking Group — “There are tens of thousands of local high street shops which have the infrastructure in place to offer a cashback service but may not see it as a viable option — especially without a purchase — as they do not receive a fee for providing cashback… We need to make it more viable for them [to] offer cashback to all customers, whether making a purchase or not.”


SoftBank backs PayPay mobile payments launch with 20% cashback offer

PayPay logo

SoftBank and Yahoo Japan-backed PayPay is to go live in Japan on 4 December with a 10bn yen (US$88.6m) promotional campaign that will see users receiving a 20% cashback on all the purchases they make with the new QR mobile payments service between the launch date and 31 March 2019, up to a monthly cashback total of 50,000 yen (US$443) per customer... More


Samsung Pay adds cashback deals ‘from leading retailers’

A more holistic mobile shopping experience with Samsung services — Samsung — “In the new Cash Back section of the Samsung Pay app’s home screen, users will find a range of exclusive offers from leading retailers. When they click on the offer they want and complete a purchase through the participating merchant, the user will receive a percentage back on their purchase which they can then spend toward a purchase — anywhere they use Samsung Pay.”


Chase offers 5% cash back on payments made with mobile wallets

Chase Freedom adds new mobile wallets category to 5% cash back rewards for first quarter — Chase — “Cardmembers can earn 5% cash back on up to $1,500 in combined purchases in quarterly categories during the first three months of 2018, including purchases they make with the card in four mobile wallets. For the first time ever, cardmembers will earn the extra rewards through this new offer when using the following mobile wallets: Chase Pay, Apple Pay, Android Pay, Samsung Pay.”


Indian government sets out plans to make digital payments ‘visibly cheaper’ than cash

Govt to incentivise online payments to push digital transactions — Hindustan Times — “The incentives could include cashbacks and reward points for BHIM users… The note presented last week by the ministry of electronics and information technology to Parliament’s standing committee on finance detailed a five-step road map to push e-transactions. ‘Digital payments to be made visibly cheaper than cash,’ the note said.


Discover lets cardholders redeem cashback bonus points via Apple Pay

Discover cardmembers now have ability to redeem Cashback Bonus rewards with Apple Pay — Discover Financial Services — “‘Cashback Bonus redemption through Apple Pay can happen in just two touches for Discover cardmembers,’ said Szabolcs Paldy, vice president of e-business for Discover… ‘Customer experience hinges on embracing mobile-first technologies like Apple Pay, and this new ability will make Cashback Bonus redemption even easier and more convenient for our cardmembers.’”












Santander to offer voice-activated mobile banking

Santander

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




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