Apple Pay will experience greater success than Android Pay and will “grow exceptionally based on a belief that Apple Pay using a Secure Enclave/secure element inside of iOS has an advantage over Android Pay’s host card emulation (HCE) in that it’s more secure, with a similar user experience,” according to Piper Jaffray analyst Gene Munster... More
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
Apple Pay adds Visa, MasterCard and five major banks in Singapore
Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major banks — POSB, DBS, OCBC, Standard Chartered and UOB — have also gone live with support for Apple Pay. More
Wells Fargo to add NFC-based mobile payments to banking app
Customers of Wells Fargo Bank across the US will soon be able to make NFC-based mobile payments and ATM withdrawals with a tap of their phone using the Wells Fargo Wallet, a mobile payment service expected to launch “later this summer”. More
50% of Americans use mobile banking
Half of US adults now use mobile banking, with the number of users increasing by 29m since last year, research released by Javelin reveals... More
MyPay to launch mobile wallet in Myanmar
Customers of mobile financial services provider MyPay in Myanmar will soon be able to make payments using their mobile phone through a new service based on technology from mobile wallet provider Cellum... More
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Chili’s Grill & Bar to enable Android Pay at the table
Customers of Chili’s Grill & Bar across the US will soon be able to pay for orders through Android Pay by tapping their phone against a pay-at-the-table tablet from Ziosk... More
Pizza Hut Asia trials order and pay using a robot called Pepper
Customers at Pizza Hut locations in Asia will soon be able to place orders, receive offers and complete payments on a tablet held by Pepper, a humanoid robot developed by SoftBank Robotics. The transactions will be completed through MasterCard’s MasterPass digital wallet service. More
Wells Fargo to launch NFC mobile payments
US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times... More
Starbucks to take mobile payments and rewards to India
Starbucks is to launch its mobile payment and loyalty app in India this year... More
TfL rolls out contactless on Thames river buses
UK commuters travelling on MBNA Thames Clippers River Bus services can now pay using contactless cards following an expansion of Transport for London’s (TfL) services... More
Inside Secure launches MatrixHCE solution
Financial institutions can now select Inside Secure’s Visa Ready MatrixHCE solution as a means of rolling out mobile payment solutions within a matter of weeks... More
One in 10 UK card payments were contactless in 2015
The average UK adult made 20 card payments per month in 2015, of which around one in 10 were contactless, research released by Payments UK reveals... More
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Wearable device gives users electric shock if they overspend
Owners of a Pavlok wearable device will now be given an electric shock whenever they spend too much money using a new service developed by UK-based Intelligent Environments. More
Wirecard supports launch of Curve
German payments technology provider Wirecard is supporting the launch of Curve, a physical payment card that will let consumers store an unlimited number of bank cards and make contactless payments at POS terminals where MasterCard is accepted... More
Jones adds NFC and QR codes to smart packaging with Tuku
Pharmaceutical and consumer packaged goods companies can now add NFC tags and QR codes to packaging in order to send out messages, promotions and offers to their customers’ smartphones using an integrated solution developed by packaging provider Jones Packaging and mobile marketing specialist Tuku. More
Barclaycard reports on HCE service take-up
More than one in 10 (13%) of those using Barclaycard’s host card emulation (HCE) mobile payment service are over 50 years old, while 10% are aged under 25, Barclaycard has revealed... More
Alipay users in China can now make payments through Samsung Pay
Alipay users across China will now be able to make in store payments by scanning QR codes through the mobile payment platform using Samsung Pay, as a result of a partnership between Samsung and Alipay parent company Ant Financial. More
UK contactless spending totalled £1.5bn in March 2016
UK contactless payments in March totalled £1.5bn (US$2.19bn), The UK Cards Association has revealed, four months after monthly contactless spending hit £1bn in November 2015... More
Barclaycard sees surge in ‘silver spenders’ using contactless
The number of UK consumers aged over 60 using contactless payments has risen by 116% in the last 12 months, research from Barclaycard reveals. Among the 18-24 age group, the number of contactless users has risen by 49%; among 26-45 year olds, the figure is up 65%; and among 46-60 year olds, the figure has climbed by 97%. More
Samsung Pay expected to enable support for Alipay
Samsung and Chinese internet giant Alibaba are to announce a collaboration on mobile payment systems this week, according to Yonhap News Agency... More