Xiaomi to launch Mi Pay mobile payments in India?

Chinese firm awaiting RBI approval to start India operations — The Hindu BusinessLine — “According to sources, Chinese mobile smartphone maker Xiaomi is ready to launch its payment service, Mi Pay, in the growing Indian payments market. Xiaomi, currently India’s second-largest smartphone seller, has already conducted trials and testing of the UPI service, and is awaiting RBI approval for the launch, said two sources.”


Wear OS update lets smartwatch users make faster NFC payments

Google’s redesigned Wear OS might make smartwatches worth buying again — Mashable — “Previously, if you wanted to use Google Pay on your smartwatch, you’d need to launch the app, which was a multi-tap process. Now, you can make a payment much quicker. It’s not as quick as double-pressing the side button on the Apple Watch to fire up Apple Pay, but it’s way faster than the old way.”


Samsung Pay adds support for discount vouchers in the UAE

Samsung Pay Vouchers launched in UAE — TradeArabia — “Starting August 29, Samsung Pay users can purchase vouchers offering 50% off in more than 200 locations across the UAE… To redeem Samsung Pay vouchers, just select the voucher in the Samsung Pay app and click ‘Use’. Pass the phone to the cashier to enter the Merchant PIN, which will display the voucher code. Show the code to the retailer and enjoy 50% off in a convenient, one-step process.”




Google rebrands its Tez mobile wallet to Google Pay

Building services for every Indian, in their language — Google India — “Since launching our India-first payments app Tez last September, over 22 million people and businesses have used Tez to make over 750m transactions that are collectively worth over $30bn annually. We believe that many of the innovations and features we have pioneered with Tez will work in other countries. To take Tez beyond India, we will be unifying all of Google’s payment offerings globally. As a first step, Tez will now be called Google Pay.”



PayPal updates mobile app for P2P payments

Fast, simple and secure – Introducing the improved PayPal app — PayPal — “We’ve streamlined the app design to make it easier for customers to view their balance, get notifications, and move money from nearly wherever they are. We’ve moved the Send and Receive money buttons, so they’re always at customers fingertips on the home screen. Also, when sending and requesting money, we’ve made it simpler for customers to add their photo and personalize their contact list, so they can feel more confident they’re sending money to the right person.”


Berkshire Hathaway invests in Indian mobile payments provider Paytm

Berkshire Hathaway confirms investment in Paytm parent One97 Communications — Economic Times — “Berkshire Hathaway has confirmed that it has made an investment in Paytm parent One97 Communications… ET had reported that Berkshire Hathaway is in talks to invest about Rs2,000-2,500 crore (US$285m-US$356m) in One97 Communications, that could value the company at $10bn. One97 Communications already counts China’s Alibaba Group Holdings and Japan’s Softbank among its major investors.”


Chinese banks report 73% growth in mobile payment transactions

Mobile payment on fast growth in China — Xinhua — “The country’s banks processed 14.92bn mobile payment transactions in Q2, up 73% year on year, according to the People’s Bank of China. The value of these transactions totalled 62.88tn yuan (US$9.15tn), up 60% year on year… Online payment transaction value by non-banking institutions totalled 48.29tn yuan in Q2, up 53.35% year on year.”







Sainsbury’s lets UK supermarket shoppers check out from their mobile phones

Skip the queue, scan and go: Sainsbury’s launches till-free shopping — Sainsbury’s — “In a UK supermarket first, Sainsbury’s is trialling new scan, pay and go technology that will enable customers in one of its busy London convenience stores to pay for products in-store using their smartphone… Using the latest version of the SmartShop app, customers visiting the Clapham North Station Local can use their smartphones to scan their shopping as they go and then pay for it through the app, from anywhere in the store, using Apple Pay.”


Amex tests wearable payments at the US Open

American Express backs card members and fans with innovative benefits at the 2018 US Open Tennis Championships — American Express — “To enhance the overall end-to-end fan experience, American Express will launch new services such as the Amex Band, a contactless payment wristband that allows eligible Card Members to pay for purchases and unlock unique benefits with a tap of the band.”



Feed for stories about Mobile payments.