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    Mobile payments

    News about Mobile payments.

    Meet NFC World partners at Seamless Middle East

    April 28th, 2017

    PARTNER NEWS: NFC World partners Antelop Solutions, Gemalto, Mahindra Comviva and Rambus will be attending the Seamless Middle East 2017 expo in Dubai from 1 to 2 May. Antelop can be found at booth D60 where the company will be showcasing its Mastercard- and Visa-certified host card emulation (HCE) solution, while Mahindra Comviva will show its Mobiquity Wallet platform at booth S40. Gemalto and Rambus will also be present and are sponsoring the event.

    3.4bn phones will support Apple Pay, Android Pay and Samsung Pay by year end

    April 28th, 2017

    Some 3.4bn smartphones will be compatible with Apple Pay, Samsung Pay and Android Pay by the end of 2017 — with the number expected to increase to 5.3bn by 2021, research released by IHS Markit… More

    Apple to launch P2P payments and debit card this year?

    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.”

    Guide introduces how Android Pay works

    April 27th, 2017

    PARTNER NEWS: A seven-page guide that explores how Google’s Android Pay mobile payments platform works and why the service is beneficial to both consumers and banks is now available to download from the NFC World Knowledge Centre. ‘What is Android Pay & how does it work?’ has been produced and sponsored by Rambus and looks at where Android Pay is available today and how it’s positioned for wider deployment and integration throughout 2017.

    Samsung Pay launches in Sweden and the UAE, enters early access in Hong Kong and Switzerland

    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. More

    bPay contactless wearables enable automatic donations to UK charities

    April 27th, 2017

    A new range of wearable devices equipped with Barclaycard’s bPay contactless technology will enable UK consumers to automatically donate the small change from any contactless payment they make using the device to charities of their choice. More

    UK restaurant chains test digital mobile banking receipts tied to customer purchases

    April 27th, 2017

    Restaurant chains Eat and Bel-Air are piloting a service in their London locations that delivers real-time receipts to a customer’s mobile banking app by linking to the purchases they make using their bank cards at the retailer’s point-of-sale terminal. The service is also being trialled by UK challenger bank Monzo. More

    Apple marks Earth Day with Apple Pay donations

    April 26th, 2017

    Apple is celebrating Earth Day by donating US$1 to the World Wildlife Fund (WWF) whenever a customer makes a purchase in an Apple store using Apple Pay. The promotion will run until April 28. “Note that the donation amount is based on the purchase alone, not how much the purchase is worth,” 9to5mac reports.

    WeChat Pay and offline mobile payments see “incredibly high” uptake in China

    April 26th, 2017

    Nine in ten Chinese mobile internet users (92%) choose mobile payment apps such as WeChat Pay as their primary offline payment method today, research released by Tencent Online Media Group’s newly launched research project China Tech Insights reveals, while “smartphone built-in payment tools” such as Apple Pay are currently used by approximately 12%. More

    Singapore banks add in-store QR code payments to mobile apps

    April 25th, 2017

    Customers of Singapore’s DBS Bank and OCBC Bank will soon be able to make in-store mobile payments by scanning a QR code at any point-of-sale terminal belonging to the country’s electronic payments network Nets. More

    US Bank ties credit card points to mobile payments

    April 25th, 2017

    Customers of US Bank will be offered a high-end credit card from 1 May 2017 that will award them triple points per dollar spent through a mobile payment made using Apple Pay, Android Pay, Samsung Pay or Microsoft Wallet. The US Bank Altitude Reserve Visa Infinite Card has been designed to “put the decision-making in the hands of the consumer,” American Banker reports the bank’s John Steward as saying. Rather than earning points at restaurants, “a customer might choose to earn them at a bike shop they often visit”.

    Mahindra Comviva explores the evolution of digital payments in India

    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. More

    Amazon gets approval for digital wallet in India

    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.

    Orange to launch mobile-only bank with NFC payments and AI

    April 21st, 2017

    Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. More

    Six Dutch banks to take Belgium’s Payconiq to the Netherlands

    April 20th, 2017

    Six Dutch banks including ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS have announced their intention to launch Payconiq in the Netherlands this summer. Payconiq is a common mobile payment platform that lets customers make P2P payments as well as pay in-store and online and has been successfully piloted and launched in Belgium with support from ING, KBC and Belfius banks. More

    Mastercard tests biometric payments card in South Africa

    April 20th, 2017

    Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More

    Pizza Hut: The Internet of Things is becoming the Internet of Commerce

    April 20th, 2017

    Rapid innovation in the payments market resulting from the emergence of end-user device adoption and tokenization is leading to commerce experiences that are more seamless in nature and more convenient for the end user — but with such rapid change comes a need for a look in the mirror, says Pizza Hut’s director of digital ventures. More

    Mastercard rolls out Messenger payment bots with US retailers

    April 19th, 2017

    Subway, FreshDirect and The Cheesecake Factory have begun rolling out payment bots for Facebook Messenger across the US, allowing their customers to secure and complete payments using Mastercard’s Masterpass digital payment platform without having to leave the instant messaging service. More

    Kiwi millennials want biometrics for payments

    April 19th, 2017

    Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals. “61% say they already use their smartphone to pay for everyday items,” the payment network adds.

    Zelle processed 170m P2P payments in 2016

    April 19th, 2017

    Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value. The network now includes 20 banks and credit unions and is “poised to reach an estimated 85m consumers in the US through the mobile banking apps of its participating institutions,” Early Warning says. The Zelle brand was unveiled in October last year and has been built on the foundation of the ClearXChange network.

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