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    Mobile wallet

    News about Mobile wallet.

    Samsung Pay goes live across India with support for Paytm and UPI money transfers

    March 22nd, 2017

    Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More

    Samsung Galaxy S8 to feature Bixby virtual assistant

    March 21st, 2017

    A virtual assistant called Bixby will come preinstalled on a “subset” of applications on Samsung’s upcoming Galaxy S8 flagship smartphone, Samsung has confirmed. “This set will continue to expand over time,” the company says. “Our plan is to eventually release a tool (in SDK) to enable third-party developers to make their applications and services Bixby-enabled easily.” Reports that Bixby will be compatible with Samsung Pay emerged in January 2017. The Galaxy S8 will be unveiled on 29 March.

    Paytm adds insurance to mobile wallet

    March 21st, 2017

    Indian mobile wallet provider Paytm has added an insurance feature to its service that covers users for fraudulent transactions of up to Rs 20,000 (US$306) due to loss of device or unauthorised access to the service. “All Paytm users with balance in their wallets would be automatically covered under this scheme at no additional cost and the lost money would be refunded to their Paytm Wallets,” the company writes in a blog post. Indian mobile wallet FreeCharge also added insurance to its service in December 2015.

    Samsung Pay set for India launch on 22 March

    March 21st, 2017

    Samsung Pay will officially launch in India on 22 March, according to Gadgets 360. “Samsung has sent out invites for an event on Wednesday, March 22, where it says it will be ready with the next revolution,” the publication says. Samsung Pay launched an early access program in India earlier this month. “Presumably, more details on commercial availability will be unveiled on Wednesday.”

    ABN Amro shares lessons learned deploying a mobile wallet service

    March 20th, 2017

    Convenience, speed, reliability and security are the four most important pillars to building and delivering a successful mobile payment service, says Dutch bank ABN Amro’s senior product manager for mobile payments. Seven key lessons learned along the way are also shared in an in-depth paper which is now available in the NFC World Knowledge Centre. More

    Paytm ‘goes global’ with payment app in Canada

    March 17th, 2017

    Indian mobile wallet provider Paytm has launched in Canada, marking the service’s first expansion outside India. The Paytm Canada app allows consumers to make bill payments and will “soon expand” to add a “full line-up of new use cases”, Paytm says. The company is currently targeting 10m merchants to accept its QR code-based service for in-store payments in India and aims to set up its own payments bank.

    India opens way for direct mobile wallet transfers?

    March 16th, 2017

    Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers. “RBI is expected to issue guidelines shortly on interoperability and know your customer (KYC) norms for digital wallet companies,” sources told Economic Times. “RBI will also decide on the interchange fees between the wallets for them to be able to access the UPI framework.”

    Australian banks brand non-NFC alternatives to Apple Pay ‘unrealistic’

    March 15th, 2017

    Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian… More

    Vodafone Wallet adds PayPal in the Netherlands

    March 14th, 2017

    Vodafone has added PayPal as a payment option to its NFC-based Vodafone Wallet mobile payment service in the Netherlands. “Vodafone Wallet is the first mobile wallet in the Netherlands which supports PayPal payments,” the carrier says. The roll-out forms part of a European collaboration between Vodafone and PayPal unveiled in February 2016. Vodafone Wallet is also live with PayPal in Spain, Italy and the UK, and launched in Germany last week.

    Boston Fed calls for more education to boost mobile payments

    March 14th, 2017

    The Federal Reserve Bank of Boston says awareness of mobile payments “continues to grow” but “more education for consumers and employees” is needed to achieve mass adoption of mobile and digital wallets. The bank’s call comes after it completed a research project, which saw members of its payment strategies group testing a range of services on iPhones and Android devices for in-store and remote purchases.

    JPMorgan Chase to buy MCX payments technology

    March 13th, 2017

    US bank JPMorgan Chase is to acquire the payments technology of US retailer-led consortium MCX to “help expand” the Chase Pay mobile payments service. “Chase executives wanted to acquire the technology to use in lieu of building separate parallel technology to serve non-MCX members,” the bank says. “This will help us get to market faster,” adds Chase Pay’s Jennifer Roberts. MCX was a launch partner of Chase Pay and ended its CurrentC mobile wallet pilot in June 2016.

    Mastercard analyzes social media payments buzz

    March 3rd, 2017

    Digital wallets were the new way to pay most discussed by consumers on social media in 2016, the 2017 edition of the Mastercard Digital Payments Study has found, with consumers around the world also increasingly interested in the payments possibilities of virtual reality, artificial intelligence, smart home assistants, wearables, and the Internet of Things. Biometric security technologies were also a popular topic of conversation.

    Turkish retailer adds payments to Messenger bot

    March 2nd, 2017

    Istanbul-based mobile retailer Getir has integrated Mastercard’s Masterpass service into its Facebook Messenger bot, enabling customers to choose products, place their order and pay from within a chat window. “Customers simply search for ‘Getir’ in Messenger, chat with an intelligent bot in a natural, conversational way, and make a secure payment with Masterpass,” Getir says.

    Samsung Pay to launch in India with support from five Visa and Mastercard issuers — and Paytm

    March 2nd, 2017

    Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service. More

    Rambus unveils Unified Payment Platform for mobile payments and loyalty

    February 27th, 2017

    PARTNER NEWS: Rambus has unveiled a mobile payments platform that will allow retailers to launch mobile payment and loyalty services that securely store and manage a variety of payment cards, as well as gift cards… More

    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.

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