Internal closed pilot tests of the central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) are to be conducted in Shenzhen, Suzhou, Xiong’an New District, Chengdu, and at Beijing 2022 Winter Olympics locations, China’s central bank has revealed... More
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Apple Pay revenue and transactions ‘more than double’ in the year
Apple Pay revenue and transactions have “more than doubled year-over-year with the run rate exceeding 15bn transactions a year,” Apple CEO Tim Cook has revealed... More
Chinese banks and carriers to pilot central bank digital currency
China’s central bank likely to pilot digital currency in cities of Shenzhen and Suzhou — Coindesk — “The People’s Bank of China is said to be preparing to launch pilots for its digital currency in at least two major cities. The tests are likely to include the participation of state-owned partners. These comprise the ‘Big Four’ commercial banks — the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and the Agricultural Bank of China — and three telcos: China Telecom, China Mobile and China Unicom.”
Xiaomi to ship $29 fitness tracker with support for Mi Pay NFC payments
Xiaomi Mi Band 3 NFC version to go on sale on September 19; Total wearable sales exceed 50m — Gizmochina — “The company has officially confirmed that it will begin the sales of the Mi Band 3 NFC edition starting from Sept 19 with a price tag of 199 Yuan (US$29 approx)… Apart from supporting contactless payment POS terminals enabled with NFC, the Mi Band 3 NFC version will support city bus card payments in [as] many as 167 cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan, Tianjin, Shijiazhuang, Suzhou, Hefei, Xi’an, and Jilin among others in China.”
Huawei Pay to launch in the US?
Huawei Pay to launch on Android in the US, trademark suggests — Android Headlines — “The Huawei Pay Android service may be coming to the United States, as suggested by a new trademark application which the Chinese original equipment manufacturer submitted to the US Patent and Trademark office on Saturday… News of Huawei’s latest move comes less than a month after the Shenzhen, China-based tech giant filed for an identical trademark in Europe where the European Union Intellectual Property Office is also still examining its request.”
Huawei Pay NFC mobile payments rolled out across China public transport
PARTNER NEWS: Smartphone maker Huawei is to begin rolling out NFC mobile payments for public transport in Shanghai, Shenzhen, Guangzhou and Beijing through Huawei Pay, which launched in China in September 2016... More
NXP and Qualcomm deepen collaboration to include pre-validation for NFC transit services
PARTNER NEWS: NFC pioneer NXP and mobile processor maker Qualcomm have extended a collaboration which saw NXP’s NFC and embedded secure element (eSE) solutions built into reference designs for Qualcomm Snapdragon 800, 600, 400 and 200 processor based platforms to now also include pre-validation for NFC-based transit services, particularly those in China. More
Shenzhen Tong launches NFC transport and payment service in China
ZTE Nubia Z9 and Z9 Max owners across the Chinese city of Shenzhen can now use a service launched by transportation operator Shenzhen Tong to make NFC mobile payments for public transportation and for purchases in retail stores... More
AMS unveils NFC chip and antenna for adding payments and ticketing to wearable devices
PARTNER NEWS: Chip maker AMS has introduced an NFC payments and ticketing solution for manufacturers of smartwatches, wristbands and other small devices that only have room for an extremely small antenna... More
Walmart to accept Alipay mobile payments in China
Walmart is to begin accepting Alipay mobile payments at 25 stores in Shenzhen, China, and the service is to go live in all of the chain’s 410 stores across 160 Chinese cities by the end of this year... More
Tencent’s mobile OS to offer payments
Chinese internet giant Tencent has released a mobile operating system that is set to include mobile payments functionality... More