Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies... More
Archive: News in brief
40 more US banks sign up for Apple Pay
More than 40 US banks and credit unions have joined the list of Apple Pay supporting financial institutions in the US... More
CIBC to support Apple Pay in Canada?
CIBC may soon become one of the first banks in Canada to support Apple Pay, which is currently only available to American Express card holders... More
US transit association to collaborate with NFC Forum
The American Public Transportation Association (APTA) is to work with the NFC Forum to “jointly educate the industry on near field communication (NFC) technologies supporting the needs of public transportation operators”... More
ICBC confirms Apple Pay launch date in China
Customers of Industrial and Commercial Bank of China (ICBC) will be able to use Apple Pay from 18 February, the bank has confirmed in a series of tweets reported by Reuters... More
FreeCharge takes mobile payments to ePaisa network
Mobile wallet provider FreeCharge has partnered with mPOS company ePaisa to offer its services to “thousands” of retailers across India... More
Samsung Pay to launch in Russia?
Samsung Pay may soon be on its way to Russia, SamMobile reports... More
Apple Pay to launch in China on 18 February?
Apple Pay could launch in China this week following confirmation from China Guangfa Bank... More
Korean banks back Samsung Pay
Korean banks are lining up to support Samsung Pay, including Shinhan Bank, KB Kookmin Bank, NH Nonghyup Bank and Industrial Bank of Korea, Korea Joongang Daily reports. “Currently, Samsung Pay only works with Woori Bank, but the exclusive contract between the two will expire next month, and now, more institutions are seeking to link up with Samsung Pay,” the publication says... More
Payfriendz launches P2P messaging app in the UK
UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz... More
PayPal adds buy buttons
PayPal has unveiled a new platform that enables merchants and partners to embed buy buttons in emails, social shares, blogs, articles, ads and apps through a set of APIs... More
LG delays launch of LG Pay
LG is to postpone the launch of its LG Pay mobile payments service to the second quarter of this year, the company has told Korea Times... More
SIMalliance updates OMAPI secure element specification
SIMalliance has updated its Open Mobile API (OMAPI) specification, which sets out how mobile applications may access different secure elements on a mobile device and is mandated by EMVCo for mobile contactless payments... More
Visa claims 10% stake in Square trading shares
Visa has revealed it has a 9.99% stake of Class A shares in mobile POS provider Square... More
US banks get on board for mobile at the ATM
Millions of dollars in withdrawals and “hundreds of thousands” of transactions have now been made via Cardless Cash, the ATM functionality launched by banking and payment technologies provider FIS in January 2015 to let customers withdraw cash using their smartphone... More
Samsung Pay to make UK and Spain debut “very soon”
Samsung Pay will launch in the UK and Spain “very soon”, the head of Samsung Pay Europe has announced during the phone-maker’s European Forum 2016 event in Monaco... More
Axis Bank customers to get NFC wearables
India’s Axis Bank has partnered with fitness technology provider GOQii to develop a wearable device that will allow its customers to make contactless payments... More
Payleven raises $10m for mPOS growth
European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m... More
GSMA publishes IoT security guidelines
The GSMA has published a set of security guidelines for service providers developing new Internet of Things (IoT) products and services... More
Security update fixes Apple Pay flaw
Apple has released a security update that fixes more than 100 iOS bugs, including a vulnerability in Apple Pay that allowed third parties to see sensitive information as a payment was made... More