Chase expands cardless access to 15,000 ATMs nationwide — Chase — “Chase today announced that customers can now get cash through their phone’s mobile wallet at nearly all of its 16,000 ATMs nationwide, as well as access to all ATM vestibules outside of the branch… Customers no longer need a physical debit card or access code for authentication and can simply ‘tap’ their smartphone on the ATM to easily and securely access money on the go.”
Mobile wallet
OEM Pays forecast to dominate mobile contactless payments market for next five years
Contactless payments to represent 1 in 3 in-store transactions globally by 2020 — Juniper Research — “Juniper forecasts that OEM Pay wallets will enable over $300 billion in transactions by 2020, representing 15% of the total contactless in-store transactions… OEM Pay wallet users will reach 450 million by 2020, with Apple accounting for one in two OEM Pay users globally… ‘We believe that growth over the next five years will continue to be dominated by offerings from the major OEM players.'”
TransLink reports fast uptake of contactless payments on Vancouver transit system
One millions taps — Tap to Pay hits a milestone — TransLink — “It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets… Customers can tap card readers with a contactless Visa or Mastercard credit card, or a device with an Apple Pay, Google Pay or Samsung Pay wallet.”
Coles Supermarkets picks Rambus’ Unified Payment Platform to ‘revolutionise retail in Australia’
PARTNER NEWS: Australian supermarket giant Coles, one of the country’s largest retail groups, is to adopt Rambus’ Unified Payment Platform, an omnichannel commerce and payments solution that lets retailers offer a standalone or integrated mobile wallet application that supports credit cards, gift cards, loyalty points, coupons and receipts... More
Singapore Airlines rolls out blockchain digital wallet that lets customers spend loyalty points in retail stores
KrisFlyer launches innovative miles-based digital wallet, KrisPay — Singapore Airlines — “The SIA Group’s KrisFlyer frequent-flyer programme today launched KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants… Members can easily turn their KrisFlyer miles into KrisPay miles using the app’s instant top-up function… To pay for purchases, members simply need to scan the KrisPay QR code at the merchant, and key in the amount they wish to pay with their KrisPay miles.”
WeChat Pay ‘will not seek to offer more local payment wallets’
WeChat Pay to keep overseas focus on outbound tourism instead of offering more local wallets — South China Morning Post — “Tencent’s WeChat Pay said it will not seek to offer more local payment wallets to overseas customers over the next three years and will remain focused on serving outbound Chinese tourists better in popular overseas destinations… ‘In mainland China we have millions of users so we can make WeChat Pay into a successful payments tool… We don’t have many WeChat users in overseas countries so we should accept that it will be hard to develop payment tools for them.’”
Ant Financial targets South America and Africa for next phase of mobile payments growth
Ant Financial sees huge growth for cashless payments in South America, Africa — South China Morning Post — “Kenny Man, head of international investment for Ant Financial, said over the next five years, emerging markets including those in South America and Africa will be priority for the company’s global partnerships… ‘China has leapfrogged over traditional credit cards to the mobile wallet. That same change will be even more radical and faster in different parts of the world, whereby people will embrace mobile payments,’ Man said.”
Gaming hardware maker Razer signs up 300,000 mobile payments users in 48 hours
Razer Pay gains 300,000 users in Malaysia within 48 hours — Razer — “Within 48 hours from the launch of Razer Pay on 4 July 2018, over 300,000 users in Malaysia downloaded and signed up for the Razer e-wallet app designed for youth and millennials… Also within the same 48 hours, over 11,000 transactions were made by first-time Razer Pay users at Berjaya Group stores (such as 7-Eleven and Starbucks).”
Gaming hardware maker Razer moves into mobile payments market
Razer Pay launches in Malaysia — Razer — “Razer Pay is the e-wallet designed for youth and millennials… Over 6,000 major retail and F&B outlets will accept Razer Pay, with participating brands such as 7-Eleven, Starbucks, Singer, Cosway, Greyhound Café, Wendy’s, Kenny Rogers, Krispy Kreme, 99 Speedmart, Tealive, Thundermatch, Sweet Hut and more… Razer Pay will roll out in other Southeast Asian countries in the coming months.”
Chinese mobile payments providers begin charging fees to users
Tencent’s WeChat widens service fee for users of ‘card repay’ feature in digital wallet — South China Morning Post — “In line with international practice, there are no free financial services. WeChat previously paid the credit card repayment fee for users, going forward the new fee chargeable to customers will support sustainable development [of the service],” said a Tencent spokesman in response to a request for comment.”
Piraeus Bank picks Antelop as its mobile payments provider
PARTNER NEWS: Piraeus Bank, the largest card issuer in Greece, has selected Antelop Solutions as its long-term e-wallet and digital payments partner, enabling the bank to provide its customers with a large range of cutting edge mobile wallet and payments capabilities... More
Indian mobile payments firms raised US$1.5bn in funding in 2017
Investors shift focus to mobile payments, last mile payment firms — Business Standard — “Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn. Investors say that the money is going beyond wallet businesses now into last mile solutions because the payment systems are maturing and the industry is leaping into the next stage where collaborations happen and solutions are end-to-end.”
Antelop adds Visa Token Service certification to its white label mobile wallet platform for banks and card issuers
PARTNER NEWS: Antelop Solutions has received certification from Visa as a Token Requestor-Token Service Provider (TR-TSP), enabling banks and card issuers to use its white-label multi-scheme SaaS solution to launch their own NFC mobile payment solutions based on Visa Token Service (VTS)... More
Dubai’s Atlantis resort installs blockchain-based payments system for guests
Atlantis resort rolls out blockchain-based guest payment solution — ITP.net — “The new payment system gives guests at Atlantis either a wristband or a digital wallet to charge all their services during their stay. Details of every transaction are recorded in Lucid Pay, so that in the event of any dispute, both parties are able to see exactly what was charged for. Visibility into transactions will also help in combating fraud.”
Paytm integrates games, TV, sports and news into its mobile wallet app
Now enjoy news, live TV, cricket, entertainment & games in Paytm Inbox — Paytm — “We have added a host of new features to ‘Inbox’, our in-app messaging service that allows you to chat with friends and family and send/request money at the same time. You would now be able to enjoy in-app live TV, news, cricket, entertainment videos and games on-the-go for free.”
Valitor picks Dejamobile to offer mobile payments and branded mobile wallets to clients
PARTNER NEWS: Payment solutions provider Valitor is to use Dejamobile’s cloud-based payments platform to provide its clients with the ability to add mobile payments and a branded mobile wallet to their services... More
Rambus explains how tokenization can be used to reduce the risks of real-time payments
“Tokenization has succeeded in mitigating fraud elsewhere in mobile payments, and is now ready to do the same for real-time payments, enabling account-based transactions to be processed faster and safer than ever before,” Rambus’ David Worthington explains in a new white paper that is now available to download from the NFC World Knowledge Centre... More
Hyundai to add support for payments in cars
Hyundai and Xevo partner to put your wallet on wheels — Hyundai Motor America — “Right now, you can find and pay for things with your smartphone, smartwatch or computer. With this in mind, Hyundai is developing technology that will allow customers to find and pay for coffee, gas and parking using their car’s infotainment screen.”
Google Pay adds support for Japanese payment cards
Now you can add Suica and Waon to Google Pay in Japan — Google — “Starting today, you can add and manage your Suica and Waon cards in Google Pay if you live in Japan and have an Osaifu-Keitai eligible phone. This means four major Japanese prepaid e-money cards — Nanaco, Rakuten Edy, Suica and Waon — can all be used with Google Pay. You’ll be able to pay with Google Pay at the hundreds of locations that accept any of these cards, plus pay on transit anywhere Suica is accepted.”
Maybank teams up with GrabPay for mobile payments in Malaysia
Grab partners Maybank to promote GrabPay in Malaysia — The Straits Times — “The tie-up brings the GrabPay mobile wallet to its second country after Singapore. Grab has plans to roll out the GrabPay service across all eight countries in South-east Asia this year… Maybank’s Malaysia customers will be able to use the GrabPay mobile wallet to conduct both payments at Maybank’s key merchants, and to top-up their mobile wallet directly from their bank accounts. Maybank customers who use GrabPay to pay for rides and other services on Grab will enjoy exclusive benefits and rewards.”