Nordic banks to build new payments infrastructure for instant cross-border payments

Banks are building a super-speed money highway in the Nordics — Bloomberg — “The P27 project — so-called for the 27 million people who live in Sweden, Norway, Denmark and Finland — will build on the success of smartphone payment applications that Nordic banks have already created, like Swish in Sweden, Norway’s Vipps, and MobilePay in Denmark… The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency.”


SPA white paper examines the potential of bank cards with built-in biometric sensors

Cover shot: 'Biometrics in payment: Breaking down barriers with high value payments'

KNOWLEDGE CENTRE: Biometric sensor-on-card solutions, where a fingerprint sensor is built into a standard EMV card, “represent an important step forward for the finance industry, opening the way to eliminating fraud for issuers and cardholders, reducing costs and providing the additional security and identity verification required to support remote or cross-border transactions,” the authors of a new white paper conclude... More


South African retail giant Shoprite moves into mobile payments and banking

Banking services now more accessible with Shoprite Money — Shoprite — “This new service will enable customers to deposit, withdraw or send money as well as buy groceries at any of the till points in all Shoprite, Checkers, Checkers Hyper or Usave stores across South Africa… Shoprite Money is set to roll out in multiple countries in Africa over the next 12 to 18 months, which will hold additional benefits for customers including seamless and cost effective cross-border remittance.”


AirAsia to enter the mobile payments market

AirAsia is entering the digital payments race — Tech in Asia — “The driving factor behind AirAsia’s move into fintech was a realization that it could monetize the wealth of ‘high resolution data’ it has collected from around 63 million passengers over its 16 years of operation… The eventual plan is for AirAsia customers to be able to use their BigPay e-wallets on the ground too, using the app to pay third-party merchants and potentially cutting the cost of currency exchange rates as they cross from one Southeast Asian country to another.”


Carriers in Singapore, India, Thailand and the Philippines to link their mobile wallet services

Singtel to launch mobile wallet tie-up with regional associates — The Straits Times — “The Singtel Group plans to roll out mobile wallet interoperability across its network of regional associates in Asia by mid-2018… Mobile wallet customers of Singtel and the group’s various associate telcos would then be able to make cashless payments in their home currency, using their home telco’s app, at physical merchants while abroad… Singtel’s goal is to bring the Philippines’ Globe, Indonesia’s Telkomsel and India’s Airtel on board from the second half of 2018 onwards, pending regulatory approval. Regulators have already given the green light for the partnership between Singtel’s Dash payments app and Thai counterpart myAIS.”


PCCW to test multi-currency mobile payments in Hong Kong, Macau and Zhuhai

PCCW Global and DHQ Tech to explore multi-currency Tap & Go mobile payment technology — HKT — “Our collaboration with DHQ Tech will enable Tap & Go users to pay for goods and services regardless of where in the world they originate from, or in which currency they wish to pay… Tap & Go is uniquely positioned to overcome all the hassles associated with making payments between currencies, and we expect ease of operation to deliver real benefits for regional trade and tourism.”



China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists

China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists — Reuters — “Baidu’s payment platform, Baidu Wallet, will be accepted by roughly 17 million PayPal merchants globally, the Chinese firm said in a statement on Thursday. ‘Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience,’ said Baidu senior vice president Guang Zhu.”


UnionPay reports growth in QR code mobile payment volumes

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.”






Mozido buys PayEase

Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market... More




Jetco picks Gemalto for NFC payments

Jetco logo

Hong Kong’s Joint Electronic Teller Services Limited — Jetco — is to use Gemalto’s LinqUs trusted service management platform for the NFC payments service it is to offer consumers via its 30 member banks... More





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