The Mobile Wallet Report is the industry’s weekly premium news source — find out more and download a sample issue here.
The latest health and fitness tracker from Fitbit comes with contactless payments as standard... More
The Central Bank of Egypt (CBE) has introduced a series of measures designed to reduce the need for citizens to use cash to make payments, including a doubling of the contactless payment transaction limit and free access to both prepaid card and mobile wallet services... More
UnionPay, Huawei and National Bank of Pakistan (NBP) have launched a mobile payments service that lets owners of Huawei and Honor NFC phones use a single mobile wallet app to pay at any merchant equipped to accept either contactless or QR code payments... More
Digital wallets will be used to pay for ecommerce transactions valued at more than US$3tn a year by 2023, a new study has found... More
Payments made via Apple Pay now account for around 5% of global card transactions, according to research firm Bernstein — and are set to represent 10% of all card transactions by 2025... More
Huawei starts its mobile wallet service Huawei Pay in Pakistan — Technology Times — “Huawei has launched its mobile wallet service Huawei Pay in Pakistan in cooperation with UnionPay International and National Bank of Pakistan, making it the fourth market where Huawei Pay has been made available, following China, Russia and Hong Kong.”
Miami-Dade County’s Department of Transportation and Public Works has rolled out support for contactless payments across its Metrobus fleet, making it possible for commuters to use contactless cards and NFC mobile phones to pay for both bus and rail fares across Miami, the sixth most densely populated city in the US... More
Wallet app to be discontinued — ABN Amro — “Why will the Wallet app be discontinued? As it stands, the Wallet app is being used by less than 5% of our clients with an Android smartphone. That’s why we’re discontinuing the app.”
Apple Pay revenue and transactions have “more than doubled year-over-year with over 3bn transactions in the September quarter, exceeding PayPal’s number of transactions and growing four times as fast,” Apple CEO Tim Cook has revealed... More
Customers of Canada’s CIBC bank can now replace a lost or stolen credit card “in a few simple steps through mobile or online banking and instantly use the new card with their mobile wallet before the physical card arrives”... More
Uber announces deeper push into financial services with Uber Money — CNBC — “The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its four million-plus drivers and couriers around the world access to a mobile bank account so they can get paid after each ride. Uber could one day offer a bank account to consumers on its platform, according to Uber Money head Peter Hazlehurst.”
Shoppers at 30 US supermarkets operated by Netherlands-based retail giant Ahold Delhaize will be able to use their mobile phone to scan items as they shop and then self-checkout and pay by the end of this year... More
Samsung Pay users in the US are now able to send international money transfers from within the mobile payments app — and use a new Samsung Pay Cash account to make payments in stores and online “right from the Samsung Pay app”... More
Alipay and its local e-wallet partners now collectively serve 1.2 billion users globally, Ant Financial has revealed, up 20% since the end of December 2018 and 260% over the past three years... More
PARTNER NEWS: NXP has launched a new chipset that combines a secure element, NFC and ultra wideband communications to make it possible for consumers to conduct secure transactions while “leaving their mobile devices in their back pockets”... More
China’s central bank has released further details of its forthcoming digital currency — including the news that citizens will be able to use it to exchange money and make payments in an NFC-like manner... More
Apple Card is now available to all US consumers, the iPhone maker has announced — and the 3% cashback offered to cardholders who use their card to make an Apple Pay mobile payment for an Apple product will now be available from “more merchants and apps”... More
100 million transit riders are paying with WeChat mini-program: Tencent — Caixin Global — “Ride Code allows subway and bus riders to pay for transit fares with QR codes directly upon boarding in various Chinese cities. At subway stations, that means showing your barcode at the turnstile. Riders do not need to visit ticket kiosks as the fare is deducted from their WeChat Pay wallet.”
Your smartphone will soon double as an Eftpos terminal as Quest partners with NAB and Visa — Quest — “Quest Payment Systems (Quest), in conjunction with NAB and Visa, has launched a trial which allows merchants to accept card payments using their Android smartphone. Customers simply tap the merchant’s phone with a contactless card or mobile wallet. No additional payment terminal hardware or dongle is required, allowing small businesses to start accepting payments quickly using their existing mobile device.”
Apple and Goldman Sachs credit card targeting August launch date — Bloomberg — “The Apple Card is targeted to launch as early as the first half of August… People who own an iPhone will be able to sign up for the card via the Wallet app, which will have built-in Apple Card support as part of the latest iOS 12.4 update.”
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