What's New in Payments

UOB lets customers use its mobile banking app to link debit and credit cards to third-party apps

Smartphone screens showing how to install UOB Mighty Singapore mobile banking app

Customers of Singapore’s United Overseas Bank (UOB) can now use its UOB Mighty mobile banking app to add their debit and credit card details directly to third-party apps, avoiding the need to separately enter their card details and providing an additional reason for customers to engage with their banking app... More











Transit Ticketing Today

Sydney commuters can now use Fitbit wearables to pay for transit rides

Sydneysiders can now use Fitbit Pay to quickly and easily tap on & off at transit readers — Fitbit — “Following the contactless payment strategy rolled out by NSW Transport on Sydney’s ferry, light rail and train networks in November, Fitbit users can now use selected Mastercard and Visa debit and credit cards loaded into their Fitbit Pay Wallet to pay for their trip… Fitbit users in Sydney with a Fitbit Ionic, Fitbit Versa and its newest tracker, Fitbit Charge 3, can now leave their Opal cards at home and instead use Fitbit Pay on their Fitbit device to quickly and easily pay for public transport.”



What's New in Payments

Juniper predicts gains in market share for OEM Pays

Apple Pay accounts for 1 in 2 OEM Pay users globally, reaching 200 million by 2020 — Juniper Research — “The global number of mobile contactless users will exceed 760 million by 2020, up from an estimated 440 million in 2018… The combined market share of Apple, Samsung and Google will reach 60% of global mobile contactless users by 2023, up from an estimated 50% in 2018. Other OEM Pay users, including the likes of Huawei Pay, Xiaomi Pay, Fitbit Pay and Garmin Pay, will exceed 20 million by 2020.”



What's New in Payments

ANZ reports 156% increase in mobile payment volumes

ANZ sees dramatic uptake in digital wallet payments — iTnews — “ANZ Bank customers made almost A$600 million in mobile payments during the first half of fiscal year 2018… Customers completed more than 18.5m mobile payment transactions in the half, an increase of 156% on the previous corresponding period. ANZ said the transactions were made from mobile wallet services from Apple, Samsung, Google, Fitbit and Garmin, as well as the bank’s own Mobile Pay service.”


NFC World

Fitbit includes payments on special edition of new Versa smartwatch

Fitbit introduces Fitbit Versa, the smartwatch for all — Fitbit — “Leave your wallet at home and easily pay in any store where contactless payments are accepted… Now available with Fitbit Pay on Fitbit Versa Special Edition products; supported by nearly 40 banks in 14 countries, through eligible US American Express, Mastercard and Visa cards, with more countries and banks rolling out in 2018.”