Govt to incentivise online payments to push digital transactions — Hindustan Times — “The incentives could include cashbacks and reward points for BHIM users… The note presented last week by the ministry of electronics and information technology to Parliament’s standing committee on finance detailed a five-step road map to push e-transactions. ‘Digital payments to be made visibly cheaper than cash,’ the note said.
Strategy
Paytm to invest US$1bn in building out its payments business
Paytm plans $1 billion top-up to cash in on note ban success — Times of India — “Sharma said they were looking at a three-pronged strategy to double the number of users in the coming year by converting Paytm users to its payments bank, tap into non-wallet users through UPI and sell financial products from next year. ‘Long ago, we realised that standalone payments as a business is an orphan and thus we are building a bouquet of products,’ Sharma said.”
Dejamobile raises €2.5m to expand its technical and commercial teams
PARTNER NEWS: HCE and NFC mobile payment platform provider Dejamobile has raised €2.5m from Newfund and from François Enaud, former chairman and CEO of the Steria Group... More
Mastercard CEO: Cash is our main competitor
My competition is with cash: Ajay Banga — LiveMint — “Eighty-five percent of the world’s retail payments — person to merchant — are in cash… So who do I view as my competition? Cash. I don’t view another network, I don’t view Paytm, I don’t view Apple as competition. We are actually working with all of them. They all need our technology.”
Seamless considers sale or closure of Seqr mobile payments service
Seamless considers re-alignment for sustainable growth — Seamless — “The proposals that are up for considerations are the following: Phasing out of the B2C offering Seqr, and a renewed focus on B2B offerings, where traction is both strong and accelerating. Phasing out the B2C offering Seqr would preferably be made in the form of a sale or winding-down. To fund the growth of B2B, and exit costs of B2C, the board considers to propose the launch of a rights issue, to be completed before year-end 2017.”
Barclays CEO: Payments is the battleground of finance
Barclays CEO says bank must protect payments business from Apple, Amazon — Bloomberg — “Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc and Apple Inc, according to chief executive officer Jes Staley. ‘There are some tectonic shifts going on, driven by tech and the geopolitical environment… All the banks are very focused on the payments space. That may be where the battleground of finance is fought over the next 15 years.’”
Retailers ready to pay more for payments services that add value
Majority of EMEA retailers plan to increase investment in payments — ACI Worldwide — “55% of retailers and merchants in the EMEA region are planning to increase their investment into new payment capabilities in the next 18 to 24 months… 66% say they are willing to pay more for a broader range of payment services if they add value to their business. 89% say they would expect increased operational efficiency and 88% enhanced customer experience from their investment.”
Join us on Thursday to learn how banks can seize the mobile payment opportunity
Join NFC World and Bell ID at 3pm BST on Thursday 13 October to find out how banks can move beyond standard handset maker and card network schemes to provide differentiated mobile payment offerings to retain and attract new customers and add fresh revenue streams... More
Join NFC World for a free webinar to learn how banks can deliver differentiated mobile strategies
NFC World will host a free webinar on Thursday 13 October exploring how financial institutions can take control of their own mobile payment strategies to move beyond standard handset maker and card network schemes and provide a differentiated offering to retain customers, attract new business and add fresh revenue streams... More
Orange France reveals mobile retailing lessons
A case study that presents the objectives, key success factors and lessons learned by mobile network operator Orange France when implementing mobile retail solutions for merchants is now available to download from the NFC World+ Knowledge Centre... More
Tencent reports 200m mobile payment users
More than 200 million customers have bound their bank cards to internet giant Tencent’s QQ Wallet and Weixin Pay mobile payment platforms, the company has revealed — but supporting them is proving costly... More
Apple doesn’t want to be a bank, says CEO
“Nobody wants to become a bank any more and we don’t want to become a bank,” Apple CEO Tim Cook has told the University Philosophical Society at Trinity College, Dublin during a visit this week, Ireland’s Independent newspaper reports... More
Credit card networks in “standoff” with Apple in Canada
Apple’s decision to launch Apple Pay in Canada with just the support of American Express “had less to do with Apple’s strategy for entering Canada specifically, and more to do with a global push that aims to negotiate by credit-card network rather than bank by bank,” a source has told The Globe and Mail... More
How to develop a mobile payments roadmap — See it now on NFC World
NFC World’s ‘How to develop a mobile payments roadmap’ webinar is now available to view online... More
Webinar today: How to develop a mobile payments roadmap
Join NFC World and Gemalto at 3pm BST today to find out how issuers and processors can draw up a mobile payments strategy that combines a winning customer service today with a long-term roadmap for the future... More
Join NFC World and Gemalto to learn how to develop a successful mobile payments roadmap
NFC World will host a free webinar on Tuesday 22 September to help issuers and processors learn how to develop a mobile payments strategy that offers both a winning service for customers today and long-term flexibilty for the future... More
PayPal set to float on 17 July
Ebay’s board of directors has approved the completion of the separation of eBay and PayPal into two independent publicly traded companies... More
Google to acquire Tesco’s Clubcard division?
Google is reported to be considering acquiring the Tesco-owned loyalty agency that is responsible for the development of the supermarket giant’s Clubcard rewards scheme... More
AT&T boss admits mobile payment failure
The CEO of AT&T has admitted that the US carrier’s mobile payment efforts have failed in light of the closure of Softcard, the joint venture between it, T-Mobile USA and Verizon... More
Seqr promotes mobile payments with cashback offers to users
Sweden-based mobile payments provider Seamless is offering users of its Seqr mobile payments service up to 3% cashback on their purchases, “valid on all purchases and effective on top of any other loyalty program or discount.” The offer is designed to persuade more consumers to adopt mobile payments, CEO Peter Fredell has told NFC World, and is financed via a mixture of revenue streams. More