What's New in Payments

WeChat Pay and offline mobile payments see “incredibly high” uptake in China

Tencent China survey

Nine in ten Chinese mobile internet users (92%) choose mobile payment apps such as WeChat Pay as their primary offline payment method today, research released by Tencent Online Media Group’s newly launched research project China Tech Insights reveals, while “smartphone built-in payment tools” such as Apple Pay are currently used by approximately 12%. More


What's New in Payments

Mastercard tests biometric payments card in South Africa

Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More





What's New in Payments

Australian banks lose fight to gain access to NFC functionality in Apple iPhones

Apple Australia

The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”. More



What's New in Payments

Samsung reveals S8 with multi-biometrics, Samsung Pay reaches quarter of a billion transactions and adds online payments

Samsung Galaxy S8

Samsung has unveiled its latest Galaxy S8 and S8 Plus flagship devices, with support for iris and facial recognition technology and a fingerprint sensor which is now located on the back of the phone. Samsung Pass deals with major banks, an expansion of Samsung Pay to include online payments and details of its Bixby virtual assistant have also been announced. More




What's New in Payments

Nordic banks roll out first mobile payment services with support for Dankort

Dankort

Customers of more than 60 banks belonging to The Bokis Partnership have become the first in Denmark to be offered a mobile payment service for Dankort, the country’s national debit and credit card. The service is available through the mobile apps offered by each of the supporting banks and works on Android handsets through host card emulation (HCE) and on iOS through a Bluetooth acceptance device at the point of sale. More








What's New in Payments

Samsung Pay to launch in India with support from five Visa and Mastercard issuers — and Paytm

Samsung Pay India

Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service. More


What's New in Payments

UK sees 250% rise in NFC mobile payments in stores

Worldpay

The number of mobile transactions as a percentage of all in-store transactions has grown by 247% in the UK over the last year, analysis of transaction data and a consumer survey conducted by payments processor Worldpay has found. Workers paying for lunch on the go and payments for drinks in bars are the main drivers of the increase in transaction volume. More