Commuters on the Mumbai Metro service will soon be able to pay for journeys using mobile payments platform Paytm... More
Archive for November 2016
Android Pay launches in Poland
Android Pay has begun rolling out across Poland, allowing consumers with compatible devices to make payments at more than 400,000 retail locations in the country that accept contactless payments... More
Apple Pay adds banks in Australia, China, Russia and the US
Apple has updated its list of Apple Pay-supporting financial institutions in Australia, China, Russia and the US... More
PwC in digital currency project for everyday banking
Global consultancy firm PwC has joined forces with US blockchain technology outfit Bloq to create a platform allowing digital currencies to be used for everyday banking... More
NFC Forum calls on manufacturers to join NFC Tag Certification Program
The NFC Forum is calling on NFC tag manufacturers to join its new Tag Certification Program, which aims to provide global standards of interoperability with NFC-enabled mobile devices, as well as establishing tag compliance with the NFC Forum’s technical specifications... More
Finland to get multi-bank P2P mobile payments platform
Finnish consumers will be able to make P2P mobile payments using a mobile phone number from March 2017 through Siirto, a new platform unveiled by ATM operator Automatia — a company owned by three of the country’s banks including OP Bank Group, Nordea Bank and Danske Bank... More
16m NFC-ready POS terminals worldwide in 2016
Annual shipments of NFC-ready POS terminals are anticipated to reach an estimated 16.1m units worldwide this year, Berg Insight reveals, with more than 90% of new units shipped across Europe and North America supporting the technology... More
RBL Bank brings Masterpass QR mobile payments to India
Customers of India’s RBL Bank can now make QR code-based mobile payments using Mastercard’s Masterpass QR mobile payments solution, which has been integrated as a payment option within the bank’s OnGo mobile wallet... More
Apple to develop iPhone connected digital glasses?
Apple is looking at developing digital glasses connected wirelessly to a wearer’s iPhone, which would show images and other information in the wearer’s field of vision and may use augmented reality, a report in Bloomberg suggests... More
UK bank celebrates blockchain contactless payments trial
Metro Bank in the UK has successfully trialled a blockchain retail payment system, allowing consumers to make purchases from merchants equipped with contactless terminals, with merchant and consumer balances updated in real time... More
US Payments Forum to study mobile and contactless payments
The US Payments Forum is creating the Mobile and Contactless Payments Working Committee, to explore mobile and contactless payment opportunities and challenges, identify solutions, and share guidance and best practice... More
Amex cardholders to redeem loyalty points at pharmacy chain
American Express cardholders will soon be able to redeem Membership Rewards points at Rite Aid, the first US pharmacy chain to formalise such a deal with the financial services company... More
Mobile payments to become ‘de-facto payment mode’ in India after banknote change
Mobile payment transaction volume in India is expected to grow more than 90% each year over the next five years, with digital payments becoming the “de-facto payment mode” in the country, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
IBM in blockchain project with Singapore fintech startup
IBM has announced a blockchain project with Singapore fintech startup KYCK... More
Indonesian mobile wallet joins with blockchain money transfer network
Hong Kong-based blockchain money transfer network OKLink has teamed up with Doku, an Indonesian mobile wallet, to provide customers with cheap, real-time money transfers... More
More than 1bn Alipay payments made on Singles’ Day
More than one billion online and offline transactions were made through Alipay at this year’s Singles’ Day Shopping Gala, an increase of 48% from 2015, with the peak number of transactions standing at 120,000 in a single second... More
Facebook update brings tokenization to Messenger payments
Facebook has introduced a payments update to its Messenger platform that will allow US businesses who are not integrated with Stripe or PayPal to process payments within both messages and webview using tokenization technology... More
Seqr launches P2P payments in 14 European countries
Swedish mobile payments specialist Seamless’ Seqr mobile payment platform has launched a P2P money transfer service that enables users to instantly transfer money to each other “regardless of where they are in the world”, the company says... More
Apple Pay rolls out support for charity donations
Apple Pay users can now make charitable donations to nonprofit organisations by clicking on a Donate with Apple Pay button found at the checkout of supporting mobile apps and websites... More
Samsung Pay to launch Samsung Rewards programme in the US
Samsung Pay is to launch a rewards programme in the US this week that will let users earn points for each purchase, which can be redeemed for items such as gift cards at participating stores, prepaid Samsung Rewards Visa gift cards, Samsung products “and more”, the company says... More