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







CIMB deploys multi-QR POS terminals that support six different mobile payment services

CIMB is first in Malaysia to bring QR acceptance from six mobile wallets on one payment terminal — CIMB Bank — “The six mobile wallet partners to be accepted on CIMB terminal are Alipay, Touch & Go Digital, Boost, KiplePay, Mcash, and Vcash. These six mobile wallets have a combined estimated customer base of about 4.5 million in Malaysia and 520 million registered mainland Chinese users.”


Survey finds Apple Pay is used for three in four US debit card mobile wallet transactions

Apple Pay makes up 77% of mobile payments among debit card users — Auriemma Consulting Group — “An Auriemma study of debit card issuers shows that Apple Pay makes up 77% of mobile wallet transactions. Samsung Pay and Google Pay, Apple Pay’s main competitors, make up 17% and 6% of transactions, respectively… While Apple Pay has the most market share, Samsung Pay users are the most engaged. In fact, the average Samsung Pay user makes 7.3 transactions each month, compared to 5.5 transactions for Apple Pay and Google Pay users.”


Asian carriers begin rollout of cross-border mobile payments service

Singtel and AIS debut Via, Asia’s first cross-border mobile payment alliance — Singtel — “The Via alliance is the first initiative of its kind to connect both telco and non-telco mobile wallets across borders to create a region-wide payment network that will enable consumers to use their local mobile wallets when travelling. The Singtel Group will progressively expand this alliance to include other regional associates Airtel in India, Globe in the Philippines, Telkomsel in Indonesia, working within each country’s regulations, and non-telcos including China’s Ping An eWallet.”


ANZ replaces its goMoney Wallet with Google Pay

ANZ launches Google Pay — ANZ Bank — “Google Pay replaces ANZ’s goMoney Wallet, ANZ’s current Android mobile wallet, which will be phased out from October this year… The move to Google Pay will provide customers with a faster and more reliable way to make contactless payments, particularly on older Android devices. It also allows ANZ to offer an Android mobile payment solution to more customers.”


Hong Kong links QR codes to faster payments to boost mobile wallet adoption

The launch of Faster Payment System (FPS) — Hong Kong Monetary Authority — “The FPS is a unique platform as it supports instant payments in the HKD and the RMB with the use of mobile phone numbers, email addresses or QR codes… A free mobile application tool, namely ‘Hong Kong Common QR Code’ (HKQR), is released today, which can be used for converting multiple QR codes from different payment service providers into a single, combined QR code. This would facilitate merchants, especially small and medium enterprises, in using a single QR code to accept different payment schemes, instead of displaying multiple QR codes to their customers.”


Huami includes NFC for travelcards, payments and access control in $116 budget smartwatch

Huami announces launch of new Amazfit Verge smartwatch — Huami — “Digital wallet functionality in conjunction with UnionPay and Alipay, combined with integrated one-touch public transportation payment in over 160 cities in China, [helps] users capture the convenience of full digital transactions (through NFC and QR codes). The Verge can be also used as entrance access device utilising NFC technology.”


Google Pay goes live in Italy

Google Pay has arrived — Google Blog Italia (translation) — “Simply add a credit, debit or prepaid card (Maestro, MasterCard, Visa) issued by any of the supported banks and credit institutions to the Google Pay app — including Banca Mediolanum, Boon, Hype, Nexi, N26, Revolut, Widiba and, in the coming months, Iccrea Banca and Poste Italiane — to turn your Android smartphone into a wallet. Users can also activate the service directly in the mobile banking app of their bank.”


Pulse reports on US uptake of mobile debit card payments

2018 Debit Issuer Study finds improved issuer performance, lower fraud losses — Pulse — “86% of responding issuers support at least one mobile payment option, up from 74% in the previous study… Cardholder enrollment in mobile programs doubled in the last year. However, transactions initiated with a mobile wallet represented only 0.6% of in-store debit card purchases in 2017, compared to 0.3% in 2016.”



Survey: Merchants are winning the US mobile wallet adoption battle

Merchants winning the battle for mobile wallet supremacy — Javelin Strategy & Research — “In the rush to market, the main wallet value proposition, paying at the POS, wasn’t particularly compelling. In reality, loyalty and rewards will drive adoption, something merchants are doing particularly well,” said Krista Tedder, director of payments at Javelin Strategy & Research.”



Chase lets customers use mobile wallets to withdraw cash at ATMs across the US

Chase expands cardless access to 15,000 ATMs nationwide — Chase — “Chase today announced that customers can now get cash through their phone’s mobile wallet at nearly all of its 16,000 ATMs nationwide, as well as access to all ATM vestibules outside of the branch… Customers no longer need a physical debit card or access code for authentication and can simply ‘tap’ their smartphone on the ATM to easily and securely access money on the go.”


OEM Pays forecast to dominate mobile contactless payments market for next five years

Contactless payments to represent 1 in 3 in-store transactions globally by 2020 — Juniper Research — “Juniper forecasts that OEM Pay wallets will enable over $300 billion in transactions by 2020, representing 15% of the total contactless in-store transactions… OEM Pay wallet users will reach 450 million by 2020, with Apple accounting for one in two OEM Pay users globally… ‘We believe that growth over the next five years will continue to be dominated by offerings from the major OEM players.'”


TransLink reports fast uptake of contactless payments on Vancouver transit system

One millions taps — Tap to Pay hits a milestone — TransLink — “It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets… Customers can tap card readers with a contactless Visa or Mastercard credit card, or a device with an Apple Pay, Google Pay or Samsung Pay wallet.”


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