The Mobile Wallet Report is the industry’s weekly premium news source — find out more and download a sample issue here.
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.”
Singtel’s Via mobile payment alliance debuts in Japan — Singtel — “Singtel’s Via, Asia’s first cross-border mobile payment alliance, has launched in Japan… The alliance which currently counts Singtel’s Dash and AIS Global Pay among its member mobile wallets enables tourists from Singapore and Thailand to shop and dine across Japan using QR code payments in their local currency at competitive exchange rates.
Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More
East publishes European fraud update — European Association for Secure Transactions — “Two countries reported mobile wallet fraud in relation to Apple Pay. One reported that mobile wallets are fast becoming the new money mules — fraudsters are enrolling cards that are not yet associated with a specific wallet. Another country reported that fraudsters are obtaining security codes through phishing, with which they can then install a mobile banking app on their own smartphone, using the victim’s data.”
LG applies for ‘ThinQ Wallet’ crypto wallet trademark in the US — Coin Telegraph — “According to the filing documents, the trademark is for services concerning transaction and settlement services, mobile banking, ‘issuance of cyber money’, and ‘payment application software for mobile phones’ among others. ThinQ is a brand first used for a smart refrigerator introduced by the company in 2011 at a consumer electronics show. Since then, multiple smartphones have been launched under the ThinQ brand.”
NTT Docomo celebrates Osaifu Keitai 15th anniversary — Ata Distance — “It all started today, July 1, 2004, when NTT Docomo launched the iMode FeliCa mobile wallet, called Osaifu Keitai in Japanese… To celebrate the anniversary Docomo has lined up a bunch of point campaigns for all the Osaifu Keitai payment networks: Mobile Suica, iD, QuicPay, Waon, Nanaco, Edy.”
Chrysler, Dodge, Jeep and Ram vehicle owners will be able to use a new Fiat Chrysler mobile wallet to order and pay for a range of services from their vehicles “in the second half of 2019”... More
Arizona-based National Basketball Association (NBA) team the Phoenix Suns are to offer fans access to mobile payments and NFC ticketing from within their mobile app, via a partnership with Ticketmaster, that will see the team move to mobile-only ticketing at its Talking Stick Resort Arena from the start of the 2019/20 season in October... More
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