News about Digital wallet.
April 28th, 2017
Apple is working to launch a peer-to-peer (P2P) payment service later this year, according to Recode. “The company has recently held discussions with payments industry partners about introducing its own Venmo competitor,” the publication reports. Apple is also in talks with Visa about creating its own prepaid cards that would tie to the P2P service, Recode says. “Users could then add the debit card, which may only come in a digital form, to their Apple Pay digital wallet to use for tap-and-pay purchases at brick-and-mortar stores.”
April 27th, 2017
Samsung Pay has expanded to four additional markets with official launches in Sweden and the United Arab Emirates (UAE) and early access launches in Hong Kong and Switzerland. The service has also been made available on Samsung’s Gear S3 smartwatch in Russia, Sweden and the UAE in addition to its availability on the Gear S3 in the US, Singapore and Australia.
April 25th, 2017
The most obvious recent change in the payments landscape across India is the significant increase in the number of digital payments taking place in both urban and rural areas as a result of the measures taken by the Indian government to push the cashless initiative to the top of the nation’s agenda, says Mahindra Comviva’s senior vice president and head of mobile financial solutions.
April 24th, 2017
Amazon India has been granted a payment license by the Reserve Bank of India (RBI) to operate its own prepaid wallet in the country. “This will allow us to help customers adopt digital payments at scale and thereby contribute towards making India a less cash economy,” the company’s Sriram Jagannathan told The Indian Express. The move follows the launch of Amazon Pay Balance in India in December 2016.
April 4th, 2017
Amazon customers across the US can now top up their Amazon balance using cash at “thousands of participating convenience, grocery and drug stores” by showing a printed barcode or a barcode on their mobile device to the cashier. They will then be able to use the funds to make online purchases at Amazon.
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”.
March 20th, 2017
PARTNER NEWS: Rambus is hosting Mobey Day in Rotterdam from 21-23 March, bringing together speakers from ING, Aite Group, CaixaBank, Danske Bank and Mastercard to discuss the payments and buying experience. Sessions will explore topics including PSD2, the key success factors for digital wallets, opportunities in the Internet of Things (IoT) and invisible payments.
March 14th, 2017
The Federal Reserve Bank of Boston says awareness of mobile payments “continues to grow” but “more education for consumers and employees” is needed to achieve mass adoption of mobile and digital wallets. The bank’s call comes after it completed a research project, which saw members of its payment strategies group testing a range of services on iPhones and Android devices for in-store and remote purchases.
March 14th, 2017
Customers of Ukraine’s KredoBank can now make host card emulation (HCE) based mobile payments by adding Mastercard credit or debit cards to its new KredoPay wallet. KredoPay — available to customers with a device running Android 4.4 KitKat or higher — is the country’s first mobile payments service to use the Mastercard Digital Enablement Service (MDES). Ukraine’s PrivatBank launched its HCE based mobile payments service using the Visa Token Service (VTS) platform in December 2016.
March 3rd, 2017
Digital wallets were the new way to pay most discussed by consumers on social media in 2016, the 2017 edition of the Mastercard Digital Payments Study has found, with consumers around the world also increasingly interested in the payments possibilities of virtual reality, artificial intelligence, smart home assistants, wearables, and the Internet of Things. Biometric security technologies were also a popular topic of conversation.
March 2nd, 2017
Istanbul-based mobile retailer Getir has integrated Mastercard’s Masterpass service into its Facebook Messenger bot, enabling customers to choose products, place their order and pay from within a chat window. “Customers simply search for ‘Getir’ in Messenger, chat with an intelligent bot in a natural, conversational way, and make a secure payment with Masterpass,” Getir says.
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…
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…
February 6th, 2017
The UK city of Liverpool has launched its own digital currency using blockchain technology supplied by Tel-Aviv-based digital wallet provider Colu. The Liverpool Local Pound (LLP) is available through Colu’s app. Users can top it up using a credit card and will receive five free LLPs when signing up, equalling £5 (US$6). “Transactions happen at the swipe of a finger and the money is transferred between accounts immediately,” The Telegraph reports.
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.
December 20th, 2016
Indian shoppers on Amazon India can now store funds and complete online purchases in a new feature called Amazon Pay Balance, Live Mint reports. “Amazon Pay Balance can be credited with money using internet banking and credit or debit card, and used for multiple payments for purchases from the ecommerce portal,” it says. The feature “will also enable faster refunds” to Amazon Pay Balance rather than to the user’s bank account or credit card.
October 26th, 2016
Apple Pay transactions have risen nearly 500% year on year, with more purchases made in September 2016 than during the whole fiscal year in 2015, Apple CEO Tim Cook has revealed during the company’s latest…
October 6th, 2016
A 24-page white paper that explores the evolution of the digital wallet and the mobile payment landscape while mapping out the best way forward for wallet providers including banks, card networks and mobile network operators…
September 1st, 2016
Google is collaborating with financial services giant Mitsubishi UFJ Financial Group to launch its Android Pay mobile payment service in Japan this autumn. “Android Pay initially will incorporate debit cards issued by Bank of Tokyo-Mitsubishi UFJ,” Nikkei reports. “The digital wallet also will use credit cards issued by Mitsubishi UFJ Nicos by year’s end at the soonest. Google is negotiating with East Japan Railway Company, NTT Docomo, Rakuten, JCB and other Japanese digital money providers to make their reader systems compatible with Android Pay.”
August 16th, 2016
More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals.