Payments News

On The Web

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Global

Xiaomi Introduces Own Mobile Payment Service in India

“Chinese smartphone maker Xiaomi has launched its own mobile payment service Mi Pay in India. The Chinese firm received regulatory approval to introduce the service in December last year. The Unified Payments Interface (UPI)-based payments application will enable Xiaomi users to send money to any UPI address and bank account in the country.   Furthermore, […]
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Global

You Will Soon Be Able to Pay Your Subway Fare With Your Face in China

“In Shenzhen, the local subway operator is testing various advanced technologies backed by the ultra-fast 5G network, including facial-recognition ticketing. At the Futian station, instead of presenting a ticket or scanning a QR bar code on their smartphones, commuters can scan their faces on a tablet-sized screen mounted on the entrance gate and have the […]
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Global

WhatsApp Payments May Be Expanding to Mexico, Brazil, UK Next

“WhatsApp Payments will reportedly be coming next to Mexico, Brazil, and UK. The service was originally introduced in India last year in beta but is yet to roll out to all users in the country because of regulatory hurdles. Facebook CEO Mark Zuckerberg had indicated at expansion of WhatsApp Payments to more markets during the […]
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Global

Exclusive: Tencent Is Launching UPI-powered Payments App WeChat Pay in India

“Ever since its launch in April 2016, Unified Payment Interface (UPI) has been growing quickly and reached a milestone of Rs 1 trillion worth monthly transactions in December 2018. Sensing the opportunity in digital payments space, several global behemoths including Google, Amazon, WhatsApp and Xiaomi jumped to UPI bandwagon. Following the footprints of above four […]
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Global

Google Pay Says G’day to Mobile Myki

“Once you’ve created your card, you’ll find real-time information about your myki balance and recent transactions and get low balance notifications. Passengers will be able to buy Full fare, Concession, Child and Senior Mobile mykis – and auto load will also be available. Soon, you’ll also be able to see your current balance in Google […]
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Global

QR Code Payment Specs in Japan Could Be Unified by Summer

“The Payments Japan Association, a council on promoting cashless payments that includes representatives from the Economy, Trade and Industry Ministry and the finance and information technology sectors, has announced standardized specifications. The specifications are being called “JPQR.” Currently, the multiple competing specifications have forced retailers to take time and make efforts. Standardized specifications will support […]
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On The Wires

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