Customers of a US carrier have used a mobile payment app to bill purchases made at a merchant in Taiwan to their mobile phone account, a consortium of companies developing a blockchain-based carrier billing system has announced... More
Brazil’s central bank will turn on a national instant payments network in November that will allow consumers to make payments and transfers “in a few seconds, 24 hours a day, seven days a week, including between accounts of different institutions” using QR codes, NFC, their mobile phone number, email address or taxpayer ID... More
Google has included Quick Access Wallet, a new feature that lets users quickly access details of all their stored payment cards from their lock screen, in the Android 11 Developer Preview... More
Sweden’s central bank The Riksbank has begun testing a digital currency designed to enable consumers to store an electronic version of the Swedish krona in a digital wallet and make payments, deposits and withdrawals using a mobile app... More
Chevron has added support for PayPal’s Venmo P2P payments service to its Chevron and Texaco mobile apps, making it possible for drivers to share or split their fuel purchases with passengers... More
Iconic UK retailer M&S is expanding its mobile self-checkout service to 49 stores across London, following a successful pilot at six stores that saw a Mobile Pay Go transaction being made every three seconds during lunchtime trading... More
A new ticketing system is to be introduced for users of public transport in the Australian capital city of Canberra... More
Las Vegas restaurant Makers & Finders is the first to use a new service that lets diners scan a QR code on their printed bill to pay for their meal with Apple Pay... More
Payments made via Apple Pay now account for around 5% of global card transactions, according to research firm Bernstein — and are set to represent 10% of all card transactions by 2025... More
Global contactless transaction values will reach nearly US$6tn in 2024, up from US$2tn today, Juniper Research forecasts... More
South Dakota State University students, faculty and staff are now able to add their MyJacks ID cards to their iPhone or Apple Watch and then use their mobile phone or wearable to make on-campus payments and gain access to residence halls and other facilities... More
A solution that uses NFC shelf-edge labels to let passengers self-checkout and pay for their shopping using their mobile phone is undergoing pilot testing at Munich Airport... More
“We had a tremendously successful launch in India from which we learnt a lot of features, and we are bringing that and we are revamping our payments products globally,” Alphabet CEO Sundar Pichai has revealed... More
7-Eleven is piloting a cashierless store concept at its US headquarters that uses technology developed in-house to let employees check in to the 700sqft store, shop and then exit — without needing to visit a physical checkout... More
One in 14 people ‘no longer carry a wallet’ — Yahoo Finance — “One in 14 people say they no longer carry a wallet, a survey has found. Some 7% no longer take a wallet out and about with them, while a fifth (20%) said that if they were to look in their wallet it would not contain any cash.”
Turbulent entry into the payments market: Apple Pay requires high commission in Israel — Calcalist (translation) — “Apple representatives have begun a round of meetings with banks and credit companies to formulate agreements to begin Apple Pay’s operations in the country… Some players were surprised to find that Apple requires a fairly high fee estimated at 0.15% to 0.25% of any transaction made through Apple Pay… ‘It is disproportionate, and constitutes an exploitation of its status and power,’ says a source close to the talks between the parties.”
Worldline to acquire Ingenico — Worldline — “This transaction would combine two premier companies to create the world’s number four player in payment services with circa 20,000 employees in approximately 50 countries… Upon closing, the new combined group would offer best-in-class payment services to nearly 1m merchants and 1,200 financial institutions.”
Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn... More
Apple Pay revenue and transactions have “more than doubled year-over-year with the run rate exceeding 15bn transactions a year,” Apple CEO Tim Cook has revealed... More
Italy’s national postal service provider has added QR code-based payments to its mobile payments app, to support the country’s transition from cash to digital payments... More