PayPal Beacon, a mobile payment service that uses Bluetooth Low Energy (BLE) beacons to let shoppers make “hands free” payments, is now undergoing pilot testing in Palo Alto... More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
Safaricom reports on merchant adoption of mobile money at the point of sale
Kenyan mobile network operator Safaricom has now signed up 122,000 merchants for Lipa na M-Pesa, a service launched in June 2013 that enables Kenyan consumers to use the funds stored in their M-Pesa mobile money account to pay for goods in stores. More
Square’s finances revealed
Mobile point-of-sale provider Square lost US$100m in 2013 but is making a 34% gross margin on its processing business, according to leaked internal documents seen by Fortune... More
mPOS use to soar
The number of installed mobile point-of-sale devices is set to grow fivefold to reach 51m by 2019, or 46% of the overall POS market, ABI Research says... More
Google Play adds PayPal
Google Play users in 12 countries can now charge the cost of their purchases to their PayPal account... More
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SMEs ready to embrace mPOS
The use of mobile point-of-sale solutions by small businesses in Europe will take off dramatically in 2014, according to a survey of 2,000 SMEs commissioned by Visa Europe... More
White paper sets out benefits of white label mobile payments
“Building a Foundation for Mobile Payment”, a white paper from Datacard, explains why banks and other card issuers must advance their mobile payments strategy quickly and demonstrates the benefits of taking a white-label approach to mobile payment platforms. More
TD Canada Trust launches NFC mobile payments with support from all three major carriers
TD Canada Trust, the retail banking arm of the Toronto-Dominion Bank, has become the first in Canada to offer an NFC mobile payment solution that is supported by the country’s three major wireless networks: Bell, Rogers and Telus. More
Isis reports 20,000 new mobile wallet users a day
Isis saw its user adoption growth rate double last month and is now adding an average of 20,000 new users a day, Michael Abbott, CEO of the US carrier-led NFC venture, has revealed. More
Bank sends money to Facebook friends
Customers of Singapore’s OCBC Bank can now send up to S$100 a day to any of their Facebook friends from their phone, using a new Pay Anyone feature in the bank’s mobile app... More
Square uses digital receipts to create conversations between consumers and merchants
Mobile point-of-sale specialist Square has introduced a new service that “turns the receipt into a conversation channel”. More
Square exits mobile wallet business
US mobile payments provider Square is pulling out of the consumer mobile wallet business and its Square Wallet app is no longer available to new customers to download... More
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FIS offers instant EMV cards
Banking and payments technology provider FIS has launched a cloud-based service that lets banks instantly issue EMV ‘chip and pin’ or magnetic stripe cards to customers in their branches... More
Brightwire: Apple signs mobile payments deal with China UnionPay
“Apple is likely to incorporate a near field communication (NFC) payment function in the next generation iPhone and has reached an agreement with China UnionPay on a mobile payment service,” investment newswire Brightwire reports, citing “a source close to the matter”. More
Apple upgrades its mPOS
Apple is to equip US store staff with a new version of its EasyPay mPOS solution that replaces the existing iPod devices with an iPhone 5S, encased in a Verifone shell, that offers support for both EMV “chip and pin” cards and contactless payments, Forbes reports... More
OTP Bank launches mobile payments in Hungary
Hungary’s OTP Bank has launched a mobile wallet that allows consumers to pay in stores by scanning a QR code placed next to the cash register. The new OTPay service can also be used to make online payments, by entering the shopper’s mobile phone number during checkout. More
nTrust pilots Bluetooth payments in Canada
Canadian payments and money transfer provider nTrust has begun piloting a new mobile payments service that uses Bluetooth Low Energy (BLE) beacons placed in stores to make wireless purchases. More
Yapital expands mobile payments to advertising media
Retailer-owned mobile payments provider Yapital is to add “one click” purchases from printed advertising media to its app, enabling shoppers to order and pay for promoted products by scanning QR codes in merchants’ billboard and newspaper ads, flyers and shop window decals. More
MoneyGram offers cash transfers via Facebook
Money transfer service provider MoneyGram has partnered with PicomoPay to enable US consumers to send funds to any of MoneyGram’s 336,000 agents around the world from the social payments provider’s Facebook application... More
Brioche Dorée pilots mobile coupons and payments in 20 stores
Groupe Le Duff, owner of 1,260 restaurants and bakeries, is piloting a mobile wallet developed by mobile shopping solutions provider Airtag in 20 of its Brioche Dorée quick service bakery outlets in France. More