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    Mobile wallet

    News about Mobile wallet.

    Meet NFC World’s partners at Mobile World Congress

    February 23rd, 2017

    NFC World partners Rambus, Mahindra Comviva, STMicroelectronics, Dejamobile, NXP, Gemalto and Antelop will be attending Mobile World Congress in Barcelona from 27 February to 2 March. Here’s what you can expect to see and where… More

    India’s Mobikwik aims to triple user base in 2017

    February 23rd, 2017

    Indian mobile wallet MobiKwik is to invest Rs 3bn (US$45m) to triple its user base and raise the total volume of transactions on its platform to $10bn in 2017, The Times of India reports. “MobiKwik said the investment will help it triple its user base to 150m and drive up annual gross merchandise value by year end from the current $2bn,” the report says.

    Consumers show more trust in mobile wallet security

    February 23rd, 2017

    Global consumers are “more concerned” with protecting their financial and payments information on a computer than protecting the same data in a mobile wallet, ACI Worldwide and Aite Group research reveals, with more than 80% believing their mobile wallet data is secure. 75% of the 6,000 consumers across 20 countries surveyed are “very interested” in receiving a call or SMS to help mitigate fraud.

    Gulf Oil unveils Gulf Pay for mobile payments and special offers at fuel stations

    February 22nd, 2017

    Customers at Gulf Oil fuel stations across select New England and New York markets in the US are to pilot a new mobile payment service that will enable drivers to navigate to the nearest station,… More

    Ant Financial invests in Korea and Philippines

    February 21st, 2017

    Alipay parent company Ant Financial is to invest US$200m in South Korean mobile finance platform Kakao Pay to “expand its online and offline payment coverage”. Ant Financial has also made its first investment in the Philippines, announcing a strategic partnership to “scale up” mobile operator Globe Telecom’s mobile wallet and digital financial service Mynt.

    NPCI, Mastercard and Visa unveil standardised QR code mobile payments for India

    February 21st, 2017

    Indian consumers can now make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National Payments Corporation of India (NPCI)…. More

    Serbian bank launches HCE mobile payments

    February 20th, 2017

    Customers of Kombank in Serbia can now make host card emulation (HCE) based mobile payments through a new feature added to the bank’s mobile banking app. The KOMePay service makes use of technology supplied by mobile wallet provider MeaWallet, which Swedish mobile payment specialist Seamless acquired in July 2016.

    Magazine focuses on Indian demonetisation and mobile money

    February 20th, 2017

    PARTNER NEWS: A 36-page magazine featuring articles about the post-demonetisation era in India and the best practices for enhancing the customer experience of using mobile money is now available to download from the NFC World Knowledge Centre. The latest issue of the quarterly Vritti magazine has been produced and sponsored by Mahindra Comviva and has been approved by the NFC World editorial team.

    Russian mobile network MTS launches first phase of Money Wallet payments, transfer and loyalty service

    February 17th, 2017

    Russian mobile network operator MTS has launched MTS Money Wallet, an online payments and money transfer service that incorporates loyalty points, offers and discounts, and is to be expanded to transport and in-store payments via… More

    Paytm expects up to 30% fall in offline customers

    February 17th, 2017

    Indian mobile wallet Paytm “expects to lose 20-30%” of customers making offline payments using QR codes, OTP or mobile-to-mobile transfers when the Reserve Bank of India removes cash withdrawal limits on March 13, The Financial Express reports. “We [will] still have a larger offline than online category, and that’s where the business is for us,” says Paytm founder Vijay Shekhar Sharma.

    What’s New in Payments: Leading international innovators explain the latest payments trends and technologies in free special report

    February 16th, 2017

    Senior executives from Starbucks, Pizza Hut, Barclaycard, Swatch and CaixaBank are among 12 leading payments innovators who have contributed to What’s New in Payments, a 104-page special report that is now available to download free… More

    Mobile wallet providers ‘failing to realise full potential of loyalty programs’

    February 15th, 2017

    Mobile financial service providers are failing to fully realise the potential of loyalty programs to drive revenue growth, a survey by customer experience solutions provider Amdocs and consultancy firm Ovum says, while those who employ… More

    Norwegian banks join DNB to make Vipps the ‘single mobile wallet’ for customers

    February 14th, 2017

    More than 100 Norwegian banks are to take a stake in Vipps, the person-to-person mobile payment solution launched by financial services group DNB and Tata Consultancy Services (TCS) in May 2015. The banks will continue… More

    Mahindra Comviva wins award for mobile wallet remittance network

    February 14th, 2017

    PARTNER NEWS: Mahindra Comviva has won an Aegis Graham Bell award for TerraPay, an international payment network that offers wholesale remittance services to mobile wallet providers. TerraPay connects all payment service providers “in a single global clearing and settlement network” to enable cross-border funds transfers “from any instrument and to any instrument, all identified by the individual’s mobile number,” the company says. Mahindra Comviva was also awarded for its Radar and Mobiquity Wallet platforms.

    Paytm targets 10m Indian mobile payments merchants

    February 13th, 2017

    Indian mobile wallet provider Paytm wants to increase the number of stores where its QR code-based service is available from 3.5m to 10m. “The number of offline merchants in November was close to 1 lakh (100,000) and the company had hired 10,000 field-force to ramp up the number of offline users post demonetisation,” Economic Times reports.

    Indian mobile wallets seek common QR code

    February 13th, 2017

    Indian mobile wallet providers have approached the National Payments Corporation of India (NPCI) to identify how to develop a common QR code for NPCI’s Unified Payment Interface (UPI) platform. “A common QR code is important, as it will facilitate e-wallets to have interoperability under the UPI,” Live Mint reports.

    Australia’s retailers join the banks in their battle with Apple Pay

    February 10th, 2017

    The Australian Retailers Association (ARA) has come out in support of the group of four Australian banks seeking stronger negotiation powers with Apple over the introduction of Apple Pay in the country, saying they believe… More

    Apple Pay boss claims Australians will be ‘happy to switch banks’ for the mobile payments service

    February 10th, 2017

    Apple Pay boss Jennifer Bailey says she believes Australians will be “happy to switch banks” in order to use Apple Pay, while the group of four Australian banks wanting the ability to collectively negotiate with… More

    Mobile wallet market to pass $4tn by 2021

    February 9th, 2017

    The mobile wallet market will exceed US$4tn by 2021, Infiniti Research predicts, up from close to $1tn in 2016. “Apple Pay has been growing steadily since launch, but its penetration is still quite low,” the research firm says. “In the app store, for example, it is used for only 1% to 1.5% of transactions. Physical stores see less than 0.8% usage of the payment method.”

    Apple Pay most popular mobile payment service among US retailers, survey finds

    February 7th, 2017

    Apple Pay has the largest percentage of supporting US merchants with 36% accepting the mobile payment service today, up from 16% last year, research released by Boston Retail Partners (BRP) reveals. Some 22% of retailers… More

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