What's New in Payments

Samsung lets Canadian merchants accept contactless payments on Galaxy smartphones

Samsung Pay Touch app turns your Galaxy smartphone into a PoS terminal — SamMobile — “Samsung has quietly launched the Samsung Pay Touch app to target small businesses in Canada. The app transforms compatible Galaxy smartphones into POS (point of sale) terminals that can accept contactless payments from customers… The biggest advantage of Samsung Pay Touch is that it doesn’t require any additional hardware to set up. As long as you have a compatible Galaxy smartphone, you can download the app and complete the registration to start using it right away.”


Transit Ticketing Today

Miami-Dade to roll out open loop ticketing in August?

Apple Pay coming to Miami fare system in August — Appleosophy — “Miami-Dade County’s fare system for their transit is set to begin accepting Apple Pay and other forms of contactless payment systems, such as Google Pay and Samsung Pay. According to an image found on Reddit, it would appear as though the Miami-Dade County transit system is set to begin accepting Apple Pay in August 2019.”


Samsung partners with Korean banks and carriers to launch blockchain mobile ID platform

Consortium launches blockchain-based digital ID in S Korea — Yonhap News — “A group of major tech companies and financial institutions have joined hands to launch a blockchain-based digital identity platform available on smartphones… Samsung Electronics Co, three mobile carriers — SK Telecom Co, KT Corp and LG Uplus Corp — KEB Hana Bank, Woori Bank and Koscom, an IT subsidiary of the main stock exchange, signed an agreement to jointly develop a mobile application for the digital ID platform.”


What's New in Payments

Samsung Pay adds in-app loan and credit card applications in India

Samsung partners with Paisabazaar.com to offer financial products on Samsung Pay — Paisabazaar — “Paisabazaar.com, India’s largest online marketplace for financial products, today announced its partnership with Samsung… Samsung Pay users can apply for credit cards and personal loans from the platform. The move will enable millions of existing and potential Samsung Pay users to get the benefit of seamlessly opting for a host of financial services.”



What's New in Payments

ETA issues US mobile payments market status report

The state of mobile payments in 2019 — Electronic Transactions Association — “In 2018, 55 million people in the US used their smartphone to make a payment at a physical point of sale, whether by loading money into a closed-loop mobile app (like the Starbucks app) or by loading a credit or debit card into an open-loop mobile wallet (like Apple Pay, Google Pay, or Samsung Pay) and using it to pay at the point of sale. These 55 million users account for about 20% of the U.S. population aged 15 and over, and just over 25% of US smartphone users.”






What's New in Payments

Samsung Pay enters beta testing in Indonesia

Samsung Pay swipes into Indonesia — KrAsia — “Samsung Pay is partnering with Ant Financial-backed mobile wallet platform DANA to conduct closed beta testing on some devices… In the near future, Samsung Pay will collaborate with more digital payment platforms to expand its services in Southeast Asia’s most populous country… Samsung Pay is available in 24 markets. In Southeast Asia, the app has already landed in Singapore, Malaysia, and Thailand.”


What's New in Payments

Samsung Pay adds support for low-cost international remittances

Samsung Pay starts overseas remittance service in 17 countries — Pulse — “Samsung Pay users can now wire money [internationally] through their mobile phones and save in fees compared to sending money overseas via a conventional remittance route… The beta service will be available in 17 countries including the United States, China, and Japan. The company plans to gradually expand the service to other countries as well as add more partners.”


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