What's New in Payments

Alipay to expand to Europe this summer

Alipay's Sabrina Peng on stage at Money20/20

Chinese mobile payments platform Alipay, which has 450 million active users, is to be made available in Europe this summer, enabling Chinese shoppers to make payments in stores, receive offers and view nearby shops and restaurants that accept the mobile payments service. More



What's New in Payments

Turkey embraces cashless society despite Swedish concerns

Dr Soner Canko at Money20/20 Europe

A call by Sweden’s central bank to make using cash a legal right for consumers will create question marks in the minds of central banks and other players in international markets and will raise “some concerns” about a completely cashless society, the CEO of Turkish card payment system operator BKM has told attendees during a panel session at Money20/20 Europe. More


What's New in Payments

Visa Europe reports “significant growth” in higher value contactless transactions

A Visa contactless card

The increase in the UK contactless card payment limit from £20 to £30 has had “a transformative effect” on consumer spending habits, according to Visa Europe, with contactless transactions over £20 seeing an average monthly growth rate of 19.1% between October 2015 and March 2016 — more than twice the average monthly growth rate of 8% for contactless transactions under £20... More










Transit Ticketing Today

Singapore commuters get NFC payments

LTA

Customers of mobile network operators M1, Singtel and StarHub can now pay for journeys on public transport services in Singapore with a tap of their NFC device as a result of a partnership between the Land Transport Authority (LTA), Infocomm Development Authority of Singapore (IDA) and transport card issuer EZ-Link. More






What's New in Payments

Google to launch Android Pay in the UK in the “next few months”

Android Pay UK launch supporters

Google has announced that it is to launch its Android Pay mobile payment service in the UK within the “next few months.” The service will launch with support from MasterCard, Visa and eight UK financial institutions. Barclays, one of the UK’s “big four” banks and an NFC mobile payments pioneer, is a notable absence from the list. More



Santander to offer voice-activated mobile banking

Santander

Santander customers in the UK with an Apple iOS device will soon be able to use their voice to interact with their SmartBank mobile banking app in order to make payments, retrieve information such as how much they have spent and perform queries on specific transactions... More