Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank... More
Mobile payments
Apple Pay adds 27 US banks
Apple has added a further 27 banks and credit unions to its list of Apple Pay supporting financial institutions in the US... More
Visa to end support for alternate PANs in cloud-based payments
Visa has updated its cloud-based payments specifications to include a requirement for issuers to migrate from alternate PANs to tokenization, NFC World has learned... More
MasterCard to include Daon technology in selfie pay service
MasterCard is to make use of mobile biometric technology provider Daon’s IdentityX Platform as one of the authentication technologies for MasterCard Identity Check, the ‘selfie pay’ service it is rolling out to the US, Canada and parts of Europe this year... More
Madrid pilots contactless ticketing
Commuters in Madrid are piloting contactless bank card payments on 33 buses across two bus lines as a result of a partnership between EMT, which operates the city’s bus network, and MasterCard, Banco Santander and Santander Elavon... More
Canada’s TD Bank Group adds HCE to mobile payment service
Canada’s TD Bank Group has added support for host card emulation (HCE) based mobile payments to the TD Mobile Payment application that it launched in May 2014. The service is the first in Canada to make use of Visa’s tokenization technology, the bank says. More
Apple Pay tops US merchant mobile wallet requests
Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals... More
Czech buses get contactless ticketing
Commuters in the Czech Republic can now pay for bus fares using their contactless payment cards through a partnership between transport network BusLine and MasterCard... More
Frost & Sullivan predicts surge in mobile wallet adoption
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
Analyst compares global take-up of key mobile payment services
Apple Pay has attracted 12m monthly users globally since its launch in October 2014, while Google’s Android Pay has attracted 5m monthly users since becoming available in September 2015 and Samsung Pay has also attracted 5m monthly users, according to research by Crone Consulting which has been reported by Bloomberg... More
Google reports on US Android Pay adoption
Android Pay has averaged 1.5m new registrations each month in the US since the mobile payment service’s launch in September 2015, Google has revealed... More
Polish bank brings HCE payments to Windows 10 devices
Customers of Poland’s Bank Pekao with a Windows 10 Mobile device can now use the bank’s PeoPay host card emulation (HCE) based mobile payment service to make transactions at any contactless terminal... More
Wells Fargo adds support for Samsung Pay
Samsung Pay now includes support for Wells Fargo credit and debit cards, resulting in the mobile payment service supporting cards from 70 banks and credit unions covering more than 70% of the US credit and debit card market... More
Google pilots hands-free payments in San Francisco
Shoppers in San Francisco’s South Bay area are being invited to take part in a pilot test of Hands Free, a payment service developed by Google that uses a combination of Bluetooth Low Energy (BLE), Wi-Fi and location services to let consumers make in-store payments without taking their mobile phone out of their pocket. More
58% of millennials prefer friends to pay cash
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals... More
Swiss P2P payments service moves in-store with QR codes
Shoppers in Switzerland can now make in-store mobile payments using Paymit, the P2P transfer service established by the country’s financial infrastructure operator SIX and telecommunications provider Swisscom... More
LTA to test account-based contactless ticketing in Singapore
Commuters in Singapore will be piloting a new ticketing system in the fourth quarter of this year that will let them use their contactless debit or credit cards for fare payments across Land Transport Authority (LTA) services, with the fare being charged to their credit or debit card accounts... More
GSMA reports on mobile money adoption
More than one billion transactions were processed through mobile money services globally in December 2015, the GSMA reveals, with registered accounts growing by nearly 100m — taking the total to 411m... More
US mobile payments at the POS to increase 54% this year
Mobile payments made at the point of sale in the US will increase 54% in 2016 compared to 2015, with continued growth expected through 2019, research from Packaged Facts predicts... More
148m consumers to make NFC mobile payments in 2016
Some 148m consumers will make NFC mobile payments this year, with Apple and Samsung accounting for nearly 70% of new customers, Juniper Research forecasts... More