What's New in Payments

Barclaycard trials shopping app that lets customers use their smartphone as ‘pocket checkout’

Employees at UK bank Barclays and Barclaycard’s London office have begun piloting a new payment concept that allows them to buy low-value goods in the staff restaurant by scanning the barcode on the items using their smartphone and completing the purchase “with a single click” without needing to visit the physical checkout. More






Transit Ticketing Today

Hangzhou buses first to all use mobile pay

Hangzhou buses first to all use mobile pay — China.org.cn — “‘Passengers can use Alipay and UnionPay flash payment cards on this terminal. Apple Pay, Samsung Pay, Huawei Pay, Mi Pay and Android Pay can be used with smartphones or wearables like watches and electronic bracelets,’ said Liu Xiaojie, general manager of public services at Ant Financial.”




What's New in Payments

Report: 70% of financial cards have chip

Report: 70% of financial cards have chip — International Card Manufacturers Association — “Chip cards represented 88.6% of revenue for cards globally manufactured in 2016… SIM cards make up the largest dollar market at $6.53 billion and the third largest unit market at 5.4 billion cards. Financial cards make up the second largest unit market and dollar market at 5.5 billion cards and $5.1 billion.”



What's New in Payments

Square will replace meters in Washington taxis

Square will replace meters in Washington taxis — Bloomberg — “The overhaul of the city’s cab system will help drivers compete with Uber… By the end of August, all of the taxis in Washington have to tear out their traditional meters and start using smartphones or tablets, in what the city government has been describing as a complete reimagining of how the cab system works.”






What's New in Payments

Thailand to get standardised QR code payments in move towards cashless society

Bank of Thailand

Mastercard, Visa and UnionPay International have introduced a standardised QR code platform for payments in Thailand that will let consumers make a transaction with their mobile device at any supporting location. The service has been designed to support the Bank of Thailand’s cashless agenda which aims to “drive innovation, interoperability and security in payments” across the country. More



What's New in Payments

Canadian city rolls out mobile app that links payments for parking to a driver’s licence plate

Drivers across the Canadian city of London can now pay for parking at more than 3,100 spaces across the city — including all municipal parking lots and on-street spaces — using a mobile app that lets them “seamlessly search, pay for and top up parking from their phone or tablet”. The service is being rolled out by the City of London. More