The Business Times
News about The Business Times.
January 5th, 2017
Mastercard is preparing to launch its ‘selfie pay’ biometric Identity Check Mobile service in Singapore this year, according to The Business Times. “No specific date has been set for the launch,” the publication reports. Identity Check Mobile, which allows cardholders to authenticate online payments by scanning their fingerprint or by taking a selfie, rolled out to Latin America in December 2016. It became available to US financial institutions in 2016, with a global expansion expected during 2017.
June 7th, 2016
Singapore bank UOB expects that NFC mobile payments will account for 10% of all its card transactions by 2020 on the back of “swift adoption of Apple Pay”, according to The Business Times. Around 19,000 cards from UOB have been enabled for Apple Pay in just two weeks since the bank announced its support for the service in May 2016.