Payments News

On The Web

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Global

‘Low KYC’ Norm to Help Mobile Wallets Retain Their Customers

“In a move set to bring relief to scores of mobile wallet firms such as Paytm, PhonePe, Amazon Pay and their several million users, the Reserve Bank of India (RBI) will allow wallet service providers to continue operating their millions of non-compliant know-your- customer (KYC) accounts which earlier faced cancellation after placing certain transnational limitations.This […]
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Tech

Retail Store Checkout Will Undergo Massive Changes Soon

“To get more consumers to use them, mobile wallets have to deliver more benefits to consumers and that’s starting to happen now. A company called Popwallet.com has enabled mobile wallets for couponing, discounts and marketing in a way that makes it much more interesting for consumers to use. With Popwallet, a consumer can see an […]
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Tech

Westpac Begins Apple Pay Rollout

“Westpac, the last of the major Australian banks to hold out against the introduction of Apple Pay, has switched on support for the mobile payments service for customers of three of its smaller brands and has announced it will roll out support to its main customer base by June 2020.”
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Tech

How I Survived a Week Without My Wallet

“Turns out, my smartphone can do almost everything my wallet can do, from paying at restaurants to renting a bike, to even getting into a hotel room. And by the end of the week, I saw an added benefit for my future travels: I don’t have to bring my wallet everywhere. And imagine being wallet-free […]

On The Wires

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Tech

Alipay and Worldline to Enable Mobile Payment in Europe for Tourists From All Over Asia

“Alipay, a globally leading payment and lifestyle platform operated by Ant Financial Services Group, and Worldline, the European leader in the payment and transactional services industry, announced the expansion of their long-lasting partnership today. The partnership aims to broaden the acceptance of Asian payment wallets across Europe. As part of the enhanced partnership, Worldline will […]
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Tech

Apple Pay Coming to Curve Customers Across Europe

“Curve , the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, today brings its customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient […]
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Tech

Global Payments Expands Its Mobile Integration Payments Solution to Samsung

“Samsung smartphone users with Samsung Pay eligible devices will be able to access an auto-provisioned prepaid card called Samsung Pay Cash. This Netspend mobile-integrated digital Mastercard allows smartphone users to establish a digital prepaid card within their mobile wallet to hold funds for a variety of use cases, including spending and budgeting. The prepaid card […]