Payments News

On The Web

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Global

Chinese Banks Fight Tech Giants for Share of Mobile Payments

“The rise follows an offensive by Chinese banks to counteract the rise of mobile payments made on the payment services of technology platforms such as Alibaba, Tencent and Baidu. Technology firms’ share of retail payments surged to almost 50% in 2017. It was just 5% in 2012, reports Shine.”
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Tech

Kroger launches mobile payment platform

“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 […]
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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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Tech

Digital Wallet Payments Surge on Apple Pay: CBA

“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 […]
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Tech

Microsoft Wallet for Windows Phone to be retired in February

“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, […]

On The Wires

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Tech

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 […]