What's New in Payments

Germany passes law forcing Apple to open up Apple Pay

Apple warns of risks from German law to open up mobile payments — Reuters — “A German parliamentary committee unexpectedly voted in a late-night session on Wednesday to force the tech giant to open up Apple Pay to rival providers in Germany… The legislation, which did not name Apple specifically, will force operators of electronic money infrastructure to offer access to rivals for a reasonable fee.”



What's New in Payments

Facebook to partner with banks for WhatsApp payments rollout?

WhatsApp in talks to launch mobile payments in Indonesia — sources — Reuters — “Unlike in India where it plans to offer direct peer-to-peer payment services, WhatsApp will simply serve as a platform in Indonesia supporting payments via local digital wallets due to tough licensing regulations… The Indonesia model could become a template for WhatsApp to adopt in other emerging markets to get around regulations on foreign players creating their own digital wallets, the sources said.”


What's New in Payments

Japanese government to reward shoppers for using mobile payments

Hoping to boost spending, Japan tries to sell shoppers on cashless purchases — Reuters — “A scheduled increase in the sales tax to 10% from 8% in October could hurt spending. Aware of that risk, the government is betting big on mobile payments, an industry only just taking root in Japan. As soon as the tax increase kicks in, the government will offer points redeemable for future discounts to shoppers who use QR codes and other cashless payments.”


What's New in Payments

Chinese retailers use face recognition to link shoppers’ online purchase history to in-store services

Data ‘R’ Us: Alibaba, JD.com seek to lock in merchant loyalty with new services — Reuters — “One of the first firms to join an Alibaba Group Holding Ltd programme that provides years of consumer shopping history, snack food chain, Bestore Co Ltd plans to link facial recognition technology with the e-commerce giant’s account data by the year’s end. For customers opting to have their facial data in Bestore’s systems, that means shop assistants will be able to check on what food they like the moment they enter one of its stores.”


What's New in Payments

Itaú Unibanco unveils low cost instant QR payments service in Brazil

Brazil’s Itau Unibanco to launch new payments app using QR code — Reuters — “Merchants using Iti will pay a fee of 1% per transaction and will receive payments instantly… The app also does not require merchants to buy or rent card reader machines… Itaú is also considering offering investments, loans and insurance products through the new app.”



What's New in Payments

Banco de Mexico to pilot national mobile payments service

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.”