Samsung Pay expanding into mobile banking service — Korea Bizwire — “Samsung Electronics Co’s mobile payment system is moving to expand into the banking sector to offer more diverse services to users… ‘The mobile payment is being developed so that it will one day fully replace a person’s purse or wallet,’ a Samsung executive said.”
Samsung Pay
Samsung Pay to add social sharing features?
You may soon be able to share your Samsung Pay transactions — SamMobile — “Samsung has built a feature for Samsung Pay that allows users to view a list of all their past transactions and share them to various social networks, including Facebook and Twitter, according to a patent spotted on Kipris’ database. Samsung Pay Story, which the firm describes as a ‘system for sharing buying experiences,’ is expected to be introduced in a future update for Samsung Pay, in an attempt to spread awareness of the payment platform using social media.”
Samsung Pay goes live in Mexico
Samsung Pay officially launches in Mexico — Neowin — “Samsung’s mobile payment solution, Samsung Pay, is set to make its debut today (Nov 21st) in Mexico. Customers interested in using the service have to register first; after approval, users can add their credit/debit card and start using it to pay for products using their mobile devices.”
Samsung Rewards ‘increased the use of Samsung Pay by 48%’
Samsung Rewards: Growing big in year one, with a preview of the year ahead — Samsung — “After a year of growing 25% month-over-month, millions of people are enrolled in and actively use Samsung Rewards. In the first week of November alone, we gained more than one million new users in the United States… We estimate that Rewards increased the use of Samsung Pay by 48%… We are also exploring adding innovative new features that our consumers will enjoy such as peer to peer points sharing and integration with partner loyalty programs.”
Samsung Pay reports 2.5m users in India
Samsung Pay service reaches 2.5 million users in India — Android Headlines — “Samsung Pay reached 2.5 million users in India, one million more than it had in mid-September, a company official said on Wednesday… Samsung’s service is presently available on 26 devices in India, up from ten when it officially debuted in the country in early 2017. It’s currently supported by ten banks and seven more local card issuers.”
Rambus supports launch of Interac debit payments on Samsung Pay in Canada
Rambus collaborates with Samsung Canada and Interac to help deliver Samsung Pay in Canada — Rambus — PARTNER NEWS — “Rambus Inc, a leader in digital security, semiconductor and IP products and services, announced that it has teamed with Samsung Canada and Interac Association/Acxsys Corporation, the organizations behind Canada’s leading payment brand, to help enable Interac Debit on Samsung Pay in Canada. The Interac Token Service Provider (TSP), developed in collaboration with Rambus, now helps allow Interac users to make secure mobile debit payments through tokenized transactions using Samsung Pay.”
Samsung Pay adds Visa, Mastercard, Amex and Interac debit options in Canada
Samsung Pay expands in Canada with new partners — Samsung Electronics Canada — “Following a successful introduction with CIBC in the Canadian market, Samsung remains committed to enhancing Samsung Pay and making it a holistic digital wallet extending beyond credit cards with the introduction of debit cards and new partners including Interac Debit, Scotiabank, American Express Canada, ATB Financial, Visa Canada and Mastercard. In addition, Samsung Pay will be made available soon to Tangerine and Peoples Card Services customers.”
Survey: Market fragmentation is holding back the adoption of mobile payments in Canada
Fragmentation, lack of interest to blame for poor mobile payments adoption in Canada — MobileSyrup — “While almost half of Canadians made a contactless purchase with their debit or credit card, the percentage of mobile payments users for platforms like Android Pay, Samsung Pay and Apple Pay is in the low single digits — even though awareness is “relatively high,” with roughly half of those polled stating they were aware of one of the big three platforms.”
Samsung Pay doubles its user base in Korea
Samsung Pay boasts 6.44m users in September — Yonhap News Agency — “According to the data compiled by industry tracker WiseApp on Android users, the number of Samsung Pay users in September was double the 3.22 million users posted a year earlier. The figure is based on the number of people who used the application at least once a month.”
Mastercard promotes contactless card usage with free school meal donations
Every pay as you go journey in London made using a Mastercard will feed a child this October — Mastercard — “Touch in and out with your Mastercard on London’s transport network and we’ll provide a meal for one of the world’s hungriest children… For three weeks Mastercard will donate one school meal for every pay-as-you-go journey made on Transport for London (TfL) and National Rail Services in London using a contactless Mastercard, or a Mastercard loaded into Apple Pay, Android Pay or Samsung Pay… Each school meal costs just 20p, but the benefits last a lifetime.”
Wells Fargo adds NFC cash withdrawals at 5,000 ATMs
More than 5,000 Wells Fargo ATMs launch NFC-enabled mobile wallet capability — Wells Fargo — “A customer can initiate an ATM transaction by signing into leading mobile wallet features, such as Wells Fargo Wallet for Android, Apple Pay, Android Pay or Samsung Pay, found on mobile phones. They simply hold their phone or wearable device with mobile payment functionality near an NFC-enabled ATM terminal… The customer will then input their Wells Fargo Debit or EasyPay card personal identification number (PIN) and complete their transaction.”
Banks back government-led Taiwan Pay QR payments service
Banks offer ministry’s Taiwan Pay services — Taipei Times — “Taiwan Pay aims to provide more convenient, quicker payment services using QR code technology via smartphones, which have become a necessity in daily life,” deputy minister of finance Su Jain-rong told a news conference… The ministry spearheaded the development of Taiwan Pay to help the nation become a regional technology hub and to compete with Apple Pay, Samsung Pay and Android Pay.”
Westpac pulls support for Tap & Pay
Why have we removed Westpac Tap & Pay? — Westpac — “We have removed Westpac Tap & Pay as more customers are choosing to use Android Pay and Samsung Pay for their additional features. We recommend you add your eligible Mastercard or Visa card to Android Pay or Samsung Pay so you can continue to quickly and securely pay with your smartphone at millions of stores worldwide.”
Samsung Pay rolls out loyalty program in Singapore
Samsung introduces latest series of enhanced wearables and new Samsung Pay loyalty programme — Samsung — “Consisting of three loyalty tiers – Gold, Silver and Bronze – users can level up across the tiers after meeting a target number of transactions. With each level-up achieved in the Samsung Rewards programme, users can get to earn more points per transaction, reaping additional rewards in return.”
Singapore to add mobile options to contactless transit payments trial
Parliament: Cashless trial for public transport to be extended to more payment types from next year — The Straits Times — “A trial system that allows commuters to pay their public transport fares using contactless credit or debit cards will be extended to more payment types including Visa and Nets 2.0 from next June (2018). Mobile payment modes — such as Android Pay, Apple Pay and Samsung Pay — will also be available from the first quarter of next year as part of the trial.”
Emerging markets top mobile payments awareness index
More than half of consumers around the world (52%) now say they know which types of mobile payment services are available to them today, but the percentage varies widely between individual countries and across different regions and consumers in emerging markets are significantly more aware of their options than those in the developed world... More
Samsung challenges Apple Watch with its new Gear Sport smartwatch
Samsung challenges Apple Watch with its new Gear Sport smartwatch — Yahoo Finance — “Like the Gear S3, the Gear Sport also includes NFC wireless capabilities to allow for Samsung Pay transactions. You can use the watch as a remote control for Samsung’s GearVR virtual-reality headset.”
Accumulated payments with Samsung Pay surpass W10tn
Accumulated payments with Samsung Pay surpass W10tn — The Korea Herald — “Accumulated payments made with Samsung Pay surpassed 10tn won (US$8.77bn) in two years since the mobile payment service was launched, Samsung Electronics said Sunday. Use of the mobile pay service nearly quadrupled in a year after reaching 2tn won in the first year.”
NFC mobile payments ‘shake off the novelty tag’ in the UK
British consumers used their mobile phones to spend more than £370m (US$477m) in stores equipped with contactless payments terminals during the first half of 2017, an increase of 336% on the amount spent during the first half of 2016, transaction data analysis conducted by payments processor Worldpay has found... More
Mobile payment usage ‘remains low’, US debit card study finds
“Combined, Apple Pay, Android Pay and Samsung Pay account for only about one quarter of 1% of US debit transactions,” the annual Debit Issuer Study from debit and ATM network Pulse has found, while the country’s move to EMV chip cards has cut debit card fraud loss rates but “fraud continues to challenge issuers.”... More