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March 19, 2019

On the web

Digital Wallet Payments Surge on Apple Pay: CBA

The Sydney Morning Herald

“After CBA in late January became the second big four lender to offer the payment service — which allows consumers to make purchases by tapping their phone on a merchant terminal — there has been a clear surge in people paying with iPhones. “Since we’ve introduced Apple Pay, we’ve seen the number of wallet transactions that are linked to a card increase 2.7 times. So it’s really increased quite dramatically since we’ve introduced Apple Pay for our consumer customers,” said Sam Itzcovitz, CBA’s general manager of commerce solutions, business customer solutions.”

February 19, 2019

On the web

Apple Pay Adoption Reaches 43% of iPhone Users, Up From 36% Just Five Months Ago

Digital Transactions

“Apple Pay adoption show no signs of abating, with an estimated 43% of iPhone users across the globe enabling the mobile-payments service, says Loup Ventures LLC in a research note released Tuesday. That’s up from 36% in September and 20% in December 2017. Other estimates from the Minneapolis-based venture-capital firm suggest that 24% of U.S. iPhone owners have used Apple Pay. That’s less than the international rate of 47% in part because of greater acceptance on public transportation in China, Japan, the United Kingdom, and Russia, Loup Venture says. The overall installed base of iPhone users is 900 million, the firm says, which means there are approximately 383 million Apple Pay users.”

February 13, 2019

Top Post

Kroger launches mobile payment platform

Grocery Dive

“With its Kroger Pay announcement, the grocer joins numerous other retailers that have launched their own self-branded payment apps, including Target, CVS and Walmart. Reports suggest these payment apps can spur higher sales and loyalty among consumers who use them. However, getting shoppers to adopt the technology has proven tricky. According to one recent study, Walmart customers who use mobile payments are twice as likely to choose Apple Pay over Walmart pay — but those that do use Walmart pay spend more on average.”

On the wires

Kroger Introduces Kroger Pay and Kroger REWARDS Debit Card

Kroger Pay is a quick, safe and easy-to-use feature within the Kroger Family of Stores apps—available for iOS and Android devices. After a customer enters their custom PIN or biometrics, the app provides customers with a single-use QR code to scan at the terminal to quickly communicate payment and loyalty card information, which includes digital coupons and personalized offers. The single-step solution reduces checkout time and creates a more frictionless experience for both store associates and customers. Kroger Pay is available to use at both traditional checkout lanes and self-checkout stations.”

February 6, 2019

On the web

February 4, 2019

On the web

January 25, 2019

On the web

January 23, 2019

On the web

Microsoft Wallet for Windows Phone to be retired in February

Windows Central

“Support is set to end for all Windows 10 Mobile devices by the end of this year, and Microsoft is already beginning to retire apps in anticipation. In an update to the Microsoft Wallet website, Microsoft has noted that the app will be “officially retired” on February 28, 2019. Microsoft Wallet is the official tap-to-pay method for Windows Phones, similar to Apple Pay and Google Pay on iPhones and Android devices. The app also allows users to load up their loyalty and membership cards, allowing them all to be stored in one place.”

January 22, 2019

On the web

Apple Pay is a sleeper hit


“Today (Jan. 22), Apple announced that it has also signed up Taco Bell and Target—two years ago, Target said it had no plans to adopt Apple Pay— meaning that 74 of the top 100 US retailers by revenue now accept Apple’s digital payment. The company added pharmacy chain CVS, along with 7-Eleven, late last year. They joined other major US retailers that include Best Buy, Starbucks, McDonald’s, Walgreens, Costco, and Kohl’s. (Some of the biggest holdouts: Walmart and Home Depot.)”

January 18, 2019

On the wires

Industry First: TD Ameritrade Enables Investors to Instantly Fund Brokerage Accounts Using Apple Pay

“TD Ameritrade announced an industry first today: the ability for individual investors to instantly fund a brokerage account with Apple Pay through Apple Business Chat in the Messages app on iPhone and iPad. Historically, to fund brokerage accounts, investors have had to endure a multi-day waiting period while funds were verified or manage a complicated wire transfer. TD Ameritrade is the first U.S.-based financial services firm to offer instantaneous funding for brokerage accounts through Apple Pay with just a touch using Touch ID or a double-click of the side button and glance at your iPhone X or later to authenticate with Face ID.”

January 16, 2019

On the web

TD Ameritrade taps Apple Pay for instant fund transfers to accounts


“The Omaha, Nebraska-based financial firm said on Tuesday it was allowing customers to fund their accounts with a debit card in their Apple Pay digital wallets. Using the wallet and a system called Apple Business Chat, TD Ameritrade customers with Apple devices can transfer up to $10,000 a day to their accounts and have access to it immediately, a feature the brokerage says is a first in its industry.”

January 3, 2019

On the wires

December 26, 2018

On the web

Huawei launches Huawei Pay in Russia

Android Police

“UnionPay cardholders that bank with Gazprombank or the Russian Agricultural Bank and that use a Huawei device now have a new mobile payment option – Huawei Pay. The mobile payment service similar to Samsung Pay and Google Pay had been exclusive to users in China, and this marks the first expansion of the service and serves as a stepping stone for broader expansion to other parts of Europe and beyond. This isn’t particularly surprising as Huawei continues to grow as one of the largest smart phone manufactures in the world.”

December 11, 2018

On the web

Wirecard woos with Apple and Google Pay play

Banking Technology

“Good things come in twos as Wirecard’s boon customers now have Apple Pay in Germany and Google Pay in France. For its German boon customers, users can top up their account using any Mastercard or Visa credit card and via bank transfer. As a result, Wirecard says it is not necessary to already own a credit card from a bank supported by Apple Pay. Meanwhile, over the border in France, its mobile payment solution boon is available to download in the French Google Play store to tie in with the launch of Google Pay in France.”

December 10, 2018

On the web

Google Pay has added 29 banks in the US in December 2018

9 to 5 Google

“Just in time for last-minute holiday shopping, Google has added almost thirty new banks and credit unions in the US to its Google Pay mobile payment service in December 2018. To use your credit or debit card with Google Pay anywhere in the world, your bank or credit union needs to first be supported by the service. In the US, the list of banks and financial institutions supported by Google Pay seems to grow almost weekly.”

Singtel adds international m-payment capabilities to Dash app

Telecom Paper

“Singapore operator Singtel has expanded the payment capabilities of its all-in-one mobile payments app dubbed ‘Dash’, to include international mobile payments. Dash customers can now use their Visa Virtual Account on the Dash app at millions of online retailers worldwide and merchant points that accept Visa Contactless Payments. In addition, customers can also use Dash on Apple Pay.”

eBay’s ApplePay stats show why mobile payments are struggling


“The challenge for ApplePay is that, while it boasts how effortless it is, there is a non-trivial amount of friction in its initial setup. Let’s not forget that all of today’s mobile payments are not really payment systems. They are instead conduits for some other payment system, often a Visa or MasterCard payment card. In short, they are simply a digital way to route payments to that other payment method.”

December 6, 2018

On the web

992 viewsDec 5, 2018, 02:33am How Bad ApplePay UX Could Cost Apple The Payments Race


“Apple is well aware of the usability barrier the double click and FaceID pose to the previously-print-user as they had to go as far as to describe the necessary actions i.e. “double click here” in the UI every time the user encounters them but it’s unlikely they are aware of how cardinal of a design sin this will prove in the context of paying that is meant to have as only USP the ease of use.”

Retailers Embrace Payment Apps to Sidestep $90 Billion in Swipe Fees


“While shoppers have largely shunned mobile payments offered by third-party providers like Apple Inc., retailers are trying to persuade customers to embrace the technology by dangling discounts and other perks. Several chains, including Walmart Inc., Starbucks Corp. and Kohl’s Corp., have had some success by baking the apps into their loyalty programs—and more than half of companies surveyed recently by the National Retail Federation said they’ve implemented “branded digital wallets” or are considering it.”

November 29, 2018

On the web

Quicken, US Bank launch co-branded Mastercard with mobile payment features

Mobile Payments Today

“Quicken Inc. has launched a co-branded MasterCard with U.S. Bank, featuring contactless payment and which integrates directly with the company’s personal finance software and mobile app, according to a company release. Quicken said the MasterCard program is the first such card agreement designed to help users manage their personal finances, including spending, budgeting and financial planning. The card will also feature MasterPass digital wallet, which allows card users to quickly check out at the cash register.”

November 26, 2018

On the web

China and Norway love mobile wallets. The U.S.? Not so much

Fast Company

“Perhaps unsurprisingly, China leads the pack, with 47% of people there using a mobile wallet. But in second place, rather surprisingly, is Norway, a country with only 5.2 million people–but a full 42% of them use a mobile wallet. In a distant third place are the Brits, with 24% mobile wallet penetration. And as for Americans, well, we are in seventh place, with just 17% of us using mobile wallets.”

November 20, 2018

On the wires

Mobile Payments at Convenience Stores Spike This Year

Korea Bizwire

“The percentage of mobile payments out of total settlements at convenience stores expanded to 3.5 percent this year, compared with 1.9 percent last year and 1 percent in 2015. “The number remains in the single-digit range, but the easy mobile settlement system has been growing at an exponential pace,” a CU official said. Currently, CU allows customers to use Samsung Electronics Co.’s Samsung Pay and 19 other payment tools at its stores.”

November 8, 2018

On the web

November 1, 2018

On the web

This Startup Helps Small Businesses Accept Payments From Any Type Of Mobile Wallet In Asia


“Ngan’s role with QFPay International is to focus on expansion outside of China. Currently in 12 countries across Asia and the Middle East, QFPay has sold its services to a total of 5,700 merchants in 2018 alone. This number is expected to rise significantly in 2019 as the company continues to team up with our local strategic partners across the 12 markets. Ngan said that his company’s early success abroad hasn’t come without a unique set of challenges.”

October 30, 2018

On the web

Apple Pay Struggles to Meet Heady Expectations


“Thanks to more installed equipment in stores and a new feature called Apple Pay Cash, the program is making gains in areas from mobile apps to physical stores. While it’s not going to transform the way people purchase goods, analysts say Apple Pay is one more service to keep consumers wedded to the company’s most important product, the iPhone.”

October 24, 2018

On the web

Use single e-wallet account for all your digital payments soon

Live Mint

“Those who do not use Paytm, and use MobiKwik or Oxigen instead, end up withdrawing cash from a nearby ATM to pay their share, or do a bank transfer. This was because you cannot transfer money from one e-wallet to another as of now. This is set to change soon. The Reserve Bank of India has issued guidelines on interoperability of prepaid payment instruments(PPIs) like e-wallets on 16 October, which will enable transfer of money from one e-wallet to another, besides offering other benefits.”

October 22, 2018

On the web

October 15, 2018

On the wires

Allied Wallet Connects Its Platform with 200+ Million in Brazil

“Allied Wallet is now offering several of the most popular alternative payment options in Brazil, as they are now compatible with Allied Wallet’s digital eWallet services. Allied Wallet is now compatible with Boleto Bancário, Hipercard, Banco do Brasil, AstroPay Card, Santander, Elo, Bradesco, Aura, Cartao MercadoLivre, and Itaú. The average internet user in Brazil spends about $560 USD online and online shopping is expected to grow 64% in the next three years (Forrester); however, 47% are concerned about security online.”

October 10, 2018

On the wires

IDEMIA and JCB Partner to Launch Google Pay in Japan

“IDEMIA, the global leader in Augmented Identity, today announces its partnership with JCB, the only international payment brand based in Japan, to launch Google Pay in Japan. Users will be able to make contactless mobile payments in store using their JCB branded credit, debit, and prepaid cards enrolled in their Google Pay, at places such as convenience stores, supermarkets, drug stores and other shops where QUICPay is accepted.”

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