Bank of America’s 27 million mobile banking users are now able to request a new or replacement debit card via the app — and instantly receive a digital version of their new card that they can use to start making purchases straight away... More
Customers of Singapore’s OCBC Bank can now make purchases via their mobile devices minutes rather than days after applying for a digital bank card... More
PARTNER NEWS: Antelop Solutions has launched an integrated onboarding, authentication and mobile payments platform for Android and iOS devices that lets both traditional and challenger banks combine “best-in-class” end-to-end security with a user friendly, PSD2-compliant, mobile-first consumer experience... More
$22b of bank revenue at risk from smartphone wallets: Morgan Stanley — The Australian Financial Review — “Smartphone digital wallets offered by Google, Apple and other technology giants will put A$22bn of revenue across the major Australian banks at risk, according to Morgan Stanley… Its analysts came to that figure after looking into how a banks’ payments capability influences decisions relating to other products. This includes transaction accounts that give major banks an opportunity to cross-sell customers more profitable products such as mortgages.”
Despite greater than ever use of smart devices for banking and payments and a desire for the latest technologies, Europeans are some of the most cautious adopters, according to a survey of 15,000 consumers in Europe, America and Australia... More
Belgian bank KBC has reported on the take-up of the non-banking services such as car parking and transit ticketing that it has been adding to its mobile banking app since launching it last summer... More
Apple Pay is coming soon to Austria, Portugal, Slovakia, Slovenia, Estonia, Greece, and Romania — MacRumors — “Mobile banking service N26 today on its Twitter account announced that Apple Pay will soon be available in Estonia, Greece, Portugal, Slovakia, and Slovenia, one day after revealing that Apple Pay is coming soon to Austria. Likewise, ING Bank has announced that Apple Pay is coming soon to Romania… Slovakian bank Slovenská Sporiteľňa confirmed that it will start supporting Apple Pay later this year.”
Belgian Bank KBC has added two new services to its mobile banking app enabling customers to pay automatically for car parking and to hire bicycles... More
MegaFon is working with Mastercard to develop a full service financial marketplace for its mobile network subscribers in Russia... More
Barclays has announced plans to roll its bPay prepaid wearable payments offering into its Pingit mobile payments app, “giving 3.6m users access to simple ways to pay on the go”... More
Mexico pushes mobile payments to help unbanked consumers ditch cash — Reuters — “Mexico’s new leftist government is betting on financial technology to help lift people out of poverty… It is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their smartphones free of charge. A pilot roll-out for the platform, known as CoDi, is expected by March.”
Barclays accelerates growth of Pay by Bank app — Barclays — “Pay by Bank app allows shoppers to pay quickly and securely for goods and services on a mobile device, without the need to enter payment details, logins or passwords. Customers simply select the Pay by Bank app option during the checkout process, at which point they log into their existing mobile banking app to seamlessly authorise and complete the purchase.”
‘How do you want to check your balance?’ Tesco Bank lets customers use Apple’s Siri to check their balance — Tesco Bank — “Tesco Bank has today announced changes to its mobile banking app, which will enable iPhone customers to check account balances using Apple’s Siri functionality… To use our new Siri feature within the mobile banking app, customers should first ensure the functionality is enabled on their device. Customers can then turn on Siri within the app by visiting the settings menu.”
Commonwealth Bank of Australia CEO Matthew Comyn on [H2 2018] results — Seeking Alpha — “We’ve had more than 500,000 registrations in the last fortnight. We now have 1.5 million customers or cards registered for mobile banking.”
UK challenger bank Monzo has rolled out a service allowing customers to collect digital receipts and loyalty rewards within its app... More
National Bank of Oman customers can now shop with Nuqati points — Albawaba — “Customers can now use their Nuqati points at a wide selection of shops to buy items ranging from coffee to groceries to electronics… Customers can redeem points online, through the NBO mobile app or in-store. After entering their PIN or tapping their contactless payment cards, customers will have the option of choosing to pay in Omani rials or Nuqati points.”
Emirates Islamic launches cardless cash withdrawal feature via its mobile banking app — Zawya — “Customers can now initiate the cash withdrawal from the bank’s mobile banking app and the funds can then be withdrawn from any Emirates Islamic ATM without using a debit or credit card. This innovative service also allows the bank’s customers to make transfers to recipients using only their mobile phone number. Beneficiaries will receive an SMS with a one-time PIN to withdraw the amount transferred from the closest Emirates Islamic ATM.”
The three ‘big four’ Australian banks that have held out on offering Apple Pay to their customers after losing a bid to force the iPhone maker to open up its NFC functionality could all now be set to adopt the service in the coming weeks... More
Barclays bank account holders in the UK can now use a new feature in their mobile banking app to stop their card from being used to make purchases in one or more of five categories of retailer — grocery stores and supermarkets; restaurants, takeaways, pubs and bars; petrol stations; gambling sites and betting shops; premium rate websites and phone lines... More
PARTNER NEWS: Bank Islam Brunei Darussalam (BIBD), the largest bank in Brunei, is to use Rambus’ Token Service Provider platform to add security to its HCE mobile payments service... More