PaymentsNews

On The Web

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Tech

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 […]
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Tech

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

“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. […]
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Global

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

“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, […]
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Tech

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 […]
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Global

Singtel adds international m-payment capabilities to Dash app

“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 […]
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Tech

Google Pay goes live in France

“Google Pay is now live in France, with support for Boon, Boursarama Banque debit and credit cards, Edenred Ticket Restaurant cards, Lydia prepaid Mastercards, N26 Mastercard debit cards and Revolut Mastercards.”
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Tech

Wirecard woos with Apple and Google Pay play

“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 […]
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Global

Huawei launches Huawei Pay in Russia

“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 […]