News about Prepaid.
April 28th, 2017
Apple is working to launch a peer-to-peer (P2P) payment service later this year, according to Recode. “The company has recently held discussions with payments industry partners about introducing its own Venmo competitor,” the publication reports. Apple is also in talks with Visa about creating its own prepaid cards that would tie to the P2P service, Recode says. “Users could then add the debit card, which may only come in a digital form, to their Apple Pay digital wallet to use for tap-and-pay purchases at brick-and-mortar stores.”
April 27th, 2017
Samsung Pay has expanded to four additional markets with official launches in Sweden and the United Arab Emirates (UAE) and early access launches in Hong Kong and Switzerland. The service has also been made available on Samsung’s Gear S3 smartwatch in Russia, Sweden and the UAE in addition to its availability on the Gear S3 in the US, Singapore and Australia.
April 24th, 2017
Amazon India has been granted a payment license by the Reserve Bank of India (RBI) to operate its own prepaid wallet in the country. “This will allow us to help customers adopt digital payments at scale and thereby contribute towards making India a less cash economy,” the company’s Sriram Jagannathan told The Indian Express. The move follows the launch of Amazon Pay Balance in India in December 2016.
April 20th, 2017
The Bank of Korea (BOK) has signed up retailers including CU, 7-Eleven, E-Mart, Lotte Mart and Lotte Department Store to begin trialling a service that will give customers change in the form of a top-up to a prepaid card. “Cha Hyeon-jin, an official handling the issue at the BOK, said no decision has been made yet on whether the pilot project could eventually lead to a cashless society, but he predicted that there is a good chance that such a development may be possible down the road,” Korea Times reports.
March 24th, 2017
Starbucks customers across the US will soon be able to purchase gift cards using Apple Pay and send them to friends and family within Apple’s iMessage platform. The move comes as the coffee giant reveals it now has approximately nine million mobile paying customers with one in three using Mobile Order & Pay, which accounted for 8% of all transactions made across US stores last month.
March 15th, 2017
PARTNER NEWS: A service to improve women’s safety, by allowing them to recharge their prepaid mobile account at any retail outlet with a private code generated by SMS rather than their phone number, will roll out across India later this month. The Private Recharge service from mobile financial solutions firm Mahindra Comviva and wireless operator Idea Cellular aims to address “security concerns of women customers”.
January 9th, 2017
The Bank of Korea (BOK) is to pilot a service that allows merchants to give customers change in the form of a top-up onto a prepaid card instead of coins. The project forms part of…
December 20th, 2016
PARTNER NEWS: Smartphone maker Huawei is to begin rolling out NFC mobile payments for public transport in Shanghai, Shenzhen, Guangzhou and Beijing through Huawei Pay, which launched in China in September 2016. The company is…
December 13th, 2016
Google has launched its Android Pay mobile payments platform in Japan in collaboration with prepaid card provider Rakuten Edy, allowing consumers to make payments with their compatible devices at more than 470,000 locations accepting Rakuten…
December 12th, 2016
Samsung has begun a beta trial of Samsung Pay in Malaysia with Maybank. Customers with an eligible Samsung device can register to join the beta test now, using their Visa debit, credit or prepaid card. “Successful beta testers stand to win RM100 (US$22) cashback when you spend with Samsung Pay from 12 December 2016 to 11 February 2017,” Maybank says. Samsung revealed its plans to launch Samsung Pay in Malaysia in October this year.
December 7th, 2016
Canada’s Scotiabank has replaced the NFC SIM-based mobile payments service inside its My Mobile Wallet app with a host card emulation (HCE) based solution, the bank has confirmed to NFC World. “This enhancement to our…
December 2nd, 2016
Apple Pay has been officially launched in Spain, with Apple developing partnerships with Banco Santander, payment giants American Express and Mastercard, retailer Carrefour and prepaid meal payment service Ticket Restaurant. Spain becomes the thirteenth country…
November 24th, 2016
Some 25,000 retail locations in Singapore are expected to accept a new mobile payment service within the next 12 months. Liquid Pay enables consumers to make payments by scanning a QR code at the point…
November 21st, 2016
Prepaid card provider InComm is to pilot a real-time authentication solution that will allow its cardholders to complete transactions using dynamic CVV codes that replace the static CVV codes printed on the back of cards. “It works every place cards are accepted — online, over the phone, or at the point of sale — by generating a daily security code that only the cardholder knows,” solution provider Tender Armor says. The service will be piloted in 2017 making use of Tender Armor’s CVV+ solution.
November 21st, 2016
Australian mobile network operator Optus has updated its range of contactless payment accessories to include a SmartCup — a coffee cup that includes the new Optus Pay PayTag in its base allowing consumers to make…
November 11th, 2016
NFC World will host a free webinar on Thursday 8 December to provide insight into the lessons learned from a real-world implementation of a host card emulation (HCE) mobile payments service that makes use of…
November 10th, 2016
Orange’s mobile wallet app Orange Cash now supports Apple Pay in France, with support from German payment firm Wirecard, the operator has announced. The prepaid NFC payments service announced by Orange and Visa went live in the country in 2014, with Orange saying it would support Apple Pay in the summer. “Our innovative spirit helps us to develop the most useful and advanced services for our customers,” says Nicolas Levi from Orange. “We believe Apple Pay is just that.”
October 26th, 2016
PARTNER NEWS: Giesecke & Devrient (G&D) is working with prepaid solutions provider Rittenhouse Payment Solutions to deliver prepaid smart wristbands which can be used at major public events. The entry and tap-and-pay wristbands can be…
July 7th, 2016
US supermarket giant Walmart has completed its nationwide rollout of Walmart Pay, making the service available in more than 4,600 stores across the country. The retailer has also recorded a 45% increase in Walmart Pay transactions in the last week.
June 6th, 2016
India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay. “PayZapp contains a prepaid wallet and a virtual prepaid card,” Times of India reports. “Bank customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.”