Payments News » Mobile Payments

India’s Yes Bank breakdown disrupts Walmart’s PhonePe among a dozen other services

March 6 2020

“Tens of millions of merchants and users in India are struggling to make online transactions and use several popular services after the nation’s central bank seized control of Yes Bank, the fourth largest lender in the country. The emergency takeover of the private sector bank has taken off several financial startups that rely on it […]

Companies

Chevron App Now Accepts Venmo

February 21 2020

“Chevron announced that its new Chevron and Texaco mobile apps now include Venmo as a payment option, making the company the first to accept the payment service for fuel purchases at the pump. ‘Chevron updated its branded mobile applications to offer consumers access to Venmo to pay for fuel and car washes at the pump from their mobile […]

Domains

As China’s Outbound Tourism Rises, Mobile Payments Will Be Key to Capturing Chinese Tourists’ Spending

January 29 2020

in
Mobile Payments

“Chinese outbound tourism rose to approximately 81.3 million trips in the first half of 2019, up 14% year-over-year (YoY), per the Chinese Tourism Academy as cited in a report from Alipay and Nielsen, presenting payments providers with a valuable chance to rack up volume and build loyalty. And considering the most popular factor that affects […]

Domains

CIMB Lets Merchants Accept Payments on Standard Android NFC Phones

January 7 2020

in
Mobile Payments

“Merchants in Malaysia can now use an off-the-shelf Android NFC smartphone and an app developed by CIMB Bank to accept debit card payments valued at up to RM250 (US$61.08) — with no additional hardware required.”

Domains

Instacart Launches New Mobile Payment Solution for Shoppers

March 10 2020

in
Mobile Payments

“With the added feature, new users who sign up for Instacart can now start shopping in less than a day. They previously had to wait for their physical payment card to arrive in the mail. Instacart Shopper Engineering vice-president Kevin Henrikson said: “We know that for many shoppers, convenience is key. We’ve heard from shoppers […]

Domains

OEM Pay Transaction Volumes to Exceed $1tn a Year by 2024

March 12 2020

in
Mobile Payments

“Consumers will use payments services provided by smartphone makers and other original equipment manufacturers (OEMs) to make transactions valued at more than US$1tn a year by 2024, up from US$333bn in 2020, according to Juniper Research. Apple Pay, China and the adoption of contactless payments for transit ticketing will be the key drivers of the […]

Domains

PhonePe Becomes the First Digital Payments Platform to Launch One Click Payment With Visa

March 20 2020

in
Mobile Payments

“Users with Visa debit or credit cards will have the option on the PhonePe app to activate the new payment feature through a one-time validation process to register their card. Users can then carry out transactions on recharges, bill payments, switch platform and many more use cases on the PhonePe app without having to enter […]

Domains

Apple Pay to Support Alipay in Next IOS Update: Report

March 17 2020

in
Mobile Payments

“Apple is reportedly going to include a Chinese mobile wallet in Apple Pay in its upcoming iOS 14 update with addition of Alipay to its roster of accepted payment methods. Why it matters: Chinese payment apps like Alipay and WeChat Pay are looking to expand overseas.”

Domains

Grocery and Food Delivery Apps Set Record Days of App Downloads

March 17 2020

in
Mobile Payments

“Interest in grocery delivery apps has spiked in the US over the past few days as the seriousness of the coronavirus is starting to sink in. Just yesterday, for example, Walmart Grocery, Instacart and Shipt , which is owned by Target, all set new records for daily app downloads. Comparing average daily downloads in February […]

Domains

Qatar Unveils National Mobile Payments System

March 30 2020

in
Mobile Payments

“The Qatar Central Bank released specifications for a national QR code system, a project designed to increase financial inclusion and reduce the use of banknotes in the country. Its platform, named the Qatar Mobile Payment System, will be used for all common domestic forms of mobile payments including peer-to-peer transfer, retail payments, public transport ticketing […]