ANZ reports surge in mobile wallet transaction volumes

Mobile wallet spending surges over holiday period — ANZ Bluenotes — “ANZ data show a significant rise in the volume of mobile wallet transactions in December 2017, up 140% on the previous corresponding period… In December ANZ customers favoured their smartphones and wearables for 4.5% of all transactions, compared with 2% for the same time last year. ANZ data show mobile wallet transactions reached 3.9m in December, compared with 1.6m in the same month in 2016.”

Bank of America reports 84% rise in P2P payment transactions

Zelle takes cashless payments to new heights — Bank of America — “Bank of America saw total Zelle transactions for 2017 hit nearly 68 million, an 84% growth rate from the previous year. In Q4 alone, Bank of America processed over 23 million transactions, totaling nearly US$7bn, up 91% from the prior year… Currently, Bank of America has nearly three million active Zelle users, and continues to add thousands of new users every day.”

Alipay reports mobile payments adoption stats

Mobile devices handle some 80% of Alipay’s online payments in 2017 — ECNS — “New data from Alipay show 82% of the transactions on its platform in 2017 were made through mobile devices, mostly smart phones. This ratio is said to be an all-time high… There were 520m Alipay users in China, or around 37% of the country’s population, in 2017… More than 40m small retailers across China, according to Alipay, established their own quick response codes in 2017… Bus and subway networks in more than 30 Chinese cities began allowing passengers to pay fares via Alipay through 2017.”

Samsung Rewards ‘increased the use of Samsung Pay by 48%’

Samsung Rewards: Growing big in year one, with a preview of the year ahead — Samsung — “After a year of growing 25% month-over-month, millions of people are enrolled in and actively use Samsung Rewards. In the first week of November alone, we gained more than one million new users in the United States… We estimate that Rewards increased the use of Samsung Pay by 48%… We are also exploring adding innovative new features that our consumers will enjoy such as peer to peer points sharing and integration with partner loyalty programs.”

Bank of America reports $4bn in P2P payments

A big bank Is catching up to PayPal and Square — Barron’s — “Bank of America released its third quarter earnings on Friday morning and executives spoke confidently about Zelle, the payments platform used by several big banks. The total number of peer-to-peer payments made over the Zelle network by Bank of America customers jumped 68% on a year-over-year basis to 13.6m, and the total payment volume jumped 40% to US$4bn, the bank said. Earlier this year, Bank of America integrated Zelle into its mobile app.”

Jack Ma’s Ant Financial nearly doubles profits amid deal push

Jack Ma’s Ant Financial nearly doubles profits amid deal push — Bloomberg — “The company controlled by Alibaba’s billionaire co-founder Jack Ma racked up an 86% jump in pretax profit to 5.56 billion yuan ($814 million) in the year ended March, according to Bloomberg’s calculations… Since starting as Alipay in 2004, Ant Financial has grown into an online giant that controls more than half of China’s $5.5 trillion mobile payments market.”

PayPal reports 50% rise in mobile payments

A third of all transactions processed by PayPal are now conducted using a mobile device, PayPal COO Bill Ready has revealed, with the company processing more than US$31bn in mobile payments in the fourth quarter of 2016 — up 53% from the same period in 2015... More

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