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.”
Mobile wallet
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
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
Visa CEO forecasts ‘significant contactless growth’ in the US
“The US market is poised for significant contactless growth over the coming year,” Visa CEO Alfred F Kelly has told analysts... More
India moves towards interoperable mobile wallets
The Reserve Bank of India (RBI), the country’s central bank, has issued the final set of guidelines for new rules designed to enable mobile wallet users to easily make payments and transfer funds to users of competing mobile wallet services... More
Apple issues apology to Chinese mobile wallet phishing victims
Apple has issued an apology to Chinese customers who were victims of a phishing scam that saw some Alipay and WeChat Pay customers lose funds stored in their mobile wallets... More
Contactless payments overtake chip and pin in the UK
Contactless payments usage has grown 30% in the UK over the past year to become the most popular card payment type for in-store transactions, Worldpay reports — and the growth is partly driven by an “astonishing” rise in consumer adoption of mobile payment services... More
Alipay: Hackers have used stolen Apple IDs to lift funds from mobile wallets
Alipay has warned customers that have linked their accounts to their Apple ID to lower their transaction limits, Reuters reports, due to hackers who “have taken an unknown amount of money from accounts using stolen Apple Inc IDs.”... 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.”
Bank of America brings mobile payments to business card customers
BofA Merrill introduces mobile wallets for business cardholders — Bank of America — “The millions of Bank of America Merrill Lynch cardholders who use our corporate, commercial and purchasing cards in the United States are now able to use Apple Pay, Google Pay and Samsung Pay to make business purchases.”
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.”
United flyers can now save boarding passes in Google Pay
Passengers flying with the world’s third largest airline can now store their boarding passes in the Google Pay mobile wallet app on their smartphones... More