European mobile wallets adopt Alipay QR code format to boost payment interoperability

Map of western europe

Six European mobile wallet providers — Bluecode (Austria), ePassi (Finland), Momo Pocket (Spain), Pagaqui (Portugal), Pivo (Finland) and Vipps (Norway) — have adopted a QR code format from Chinese payment provider Alipay to ensure digital payment interoperability and improve the international reach of customers’ wallets as well as boosting sales, participants have told NFCW... More


Uber eyes move into banking and payments business

Uber is making a fintech push with a New York hiring spree — CNBC — “There are many possible payment and lending innovations Uber could come up with: It has 93 million active users globally, most of whom use linked credit cards or fund a wallet called Uber Cash to pay for rides and food delivery… Creating a bank account has been discussed at a high level at Uber but may be years away, or the company could decide against it.”




Analyst: Rise of OEM Pay smartphone wallets to cost banks US$15bn — in Australia alone

$22b of bank revenue at risk from smartphone wallets: Morgan Stanley — The Australian Financial Review — “Smartphone digital wallets offered by Google, Apple and other technology giants will put A$22bn of revenue across the major Australian banks at risk, according to Morgan Stanley… Its analysts came to that figure after looking into how a banks’ payments capability influences decisions relating to other products. This includes transaction accounts that give major banks an opportunity to cross-sell customers more profitable products such as mortgages.”





One in eight contactless journeys in London now made with mobile phones

How the London Underground brings in 53,000 new contactless users a day — PaymentsSource — “More than 21.6m journeys per week are made on London public transit using contactless payments. More than 53,000 new contactless cards or new mobile contactless payments enter the TfL each day, and one in eight contactless journeys come via Apple Pay, Google Pay, Samsung Pay, or other mobile wallet apps.”


Samsung Pay enters beta testing in Indonesia

Samsung Pay swipes into Indonesia — KrAsia — “Samsung Pay is partnering with Ant Financial-backed mobile wallet platform DANA to conduct closed beta testing on some devices… In the near future, Samsung Pay will collaborate with more digital payment platforms to expand its services in Southeast Asia’s most populous country… Samsung Pay is available in 24 markets. In Southeast Asia, the app has already landed in Singapore, Malaysia, and Thailand.”


Commonwealth Bank reports ‘dramatic increase’ in mobile payments due to Apple Pay

Digital wallet payments surge on Apple Pay: CBA — The Sydney Morning Herald — “‘Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions that are linked to a card increase 2.7 times. So it’s really increased quite dramatically since we’ve introduced Apple Pay for our consumer customers,’ said Sam Itzcovitz, CBA’s general manager of commerce solutions, business customer solutions.”


Google Pay to launch in Israel ‘by the end of this year’

Google Pay preparing to launch its digital wallet service in Israel — Haaretz — “Google plans to launch by the end of this year its Google Pay digital wallet platform and online payment system in Israel… The giant US company has been undertaking a round of meetings with regulators, bank executives, credit card companies and financial technology startups. The campaign, which involves a team from Google Israel, includes playing a role in Israel’s rapidly growing e-commerce sector as well as in brick-and-mortar retail.”


MTS to roll out open loop ticketing on buses and trains in San Diego

MTS partners with Init for account-based fare system in San Diego — Init SE — “Init will deliver about 900 fare validators for use on MTS buses and at rail station platforms. The validators will accept closed-loop payments such as an MTS-branded smartcard and be capable of accepting open payments such as bank-issued debit/credit cards and mobile wallets using Google Pay, Apple Pay or Samsung Pay.”


US credit unions report increase in mobile payment transaction volumes

Debit card study offered by Co-Op Financial Services highlights debit trends to watch in 2019 — Co-Op Financial Services — “A total of 55% of survey respondents have experienced increases in the number of debit cards enrolled in a mobile wallet like Apple Pay, Google Pay or Samsung Pay. Also, 53% have experienced increases in the number of debit cards transactions coming from the mobile wallet channel.”


SiriusXM to offer Visa in-car payments to US auto makers

Visa and SiriusXM team up to fast track the future of in-vehicle commerce — Sirius XM Holdings — “The SiriusXM e-wallet is being designed to integrate into the dashboard and will allow drivers and their passengers to complete and make purchases for everyday tasks on-the-go: shop and pay for coffee, find and pre-pay for gas, locate and pay for parking, purchase movie tickets, seamlessly pay tolls, and more. Users will activate and authenticate payment with their Visa account using biometric authentication, like voice and touchscreen commands, to eliminate driver distractions during the transaction.”


Singtel adds Apple Pay to Dash mobile wallet

Singtel Dash goes global with Visa and Apple Pay — Singtel — “Singtel is expanding the payment capabilities of its all-in-one mobile payments app, Dash, to include international mobile payments. Dash customers are now able to use their Visa Virtual Account on the Dash app at millions of online retailers worldwide and merchant points that accept Visa contactless payments. In addition, customers can also use Dash on Apple Pay, making it the first non-bank mobile wallet in Singapore on Apple’s easy, secure and private payments system.”


Deutsche Bank unveils loyalty-first mobile wallet venture

Yunar's app in use

Deutsche Bank has launched Yunar, a wholly-owned subsidiary startup that is taking a loyalty-first approach to building out a fully featured mobile wallet by initially offering a simple way to manage up to 200 loyalty points schemes — and then gradually adding a range of mobile payments and banking services as adoption takes off... More





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