Mobile payments

Showing Latest Mobile payments

Microsoft “retires” Microsoft Wallet in face of competition

23 Jan 19 @ 08:45

Microsoft has updated its Wallet page, saying that the Microsoft Wallet app will be retired on February 28, 2019. Microsoft Wallet allowed users to load up payments and loyalty cards, but beginning in June... read more

5 emerging payments technology trends for 2019

22 Jan 19 @ 16:32

It’s that time of year — when the technology news circuit is full of predictions of the next big trends on the horizon and PCM is no different in highlighting... read more

Alipay receives second EU e-money license

21 Jan 19 @ 12:55

Alipay has received a second e-money license in Luxembourg. With this license, Alipay can serve the European market and is a hedge against Britain’s exit from the European Union, enabling... read more

India’s UPI usage surges as digital payments continue to gain traction

16 Jan 19 @ 12:29

Since India’s demonetisation policy took place, digital payments spiked in the immediate aftermath. However, post adoption of the policy the pace of adoption has been much slower than anticipated. Digital transactions... read more

DuitNow real-time payments platform launches in Malaysia

14 Jan 19 @ 13:38

Payments Network Malaysia (PayNet), the national payments network and central infrastructure provider, has implemented DuitNow, Malaysia’s Real-Time Payments Platform (RPP) using ACI’s UP solution. The first service offered to the... read more

Square launches payments SDK to process payments with mobile apps

11 Jan 19 @ 12:03

Square has launched its Square In-App Payments SDK (Software Development Kit), enabling developers and sellers to process payments with Square within their consumer-facing mobile apps for the first time. With... read more

Hungarian banks begin instant-payments trial

10 Jan 19 @ 19:07

Hungary’s commercial banks have begun a test phase of a domestic instant-payments system expected to go live on July 1, the clearing house operator GIRO said on Thursday. Under the... read more

Report: Social commerce in Russia – customer behaviour

10 Jan 19 @ 14:45

About 39 million Russians use social commerce, shopping in online social channels such as social media, instant messengers, classified ad websites, and other P2P platforms. The number of users paying... read more

Chinese mobile payments market projected to grow 21.8% to $96.73 trillion

09 Jan 19 @ 17:32

Chinese mobile payments services market is projected to grow 21.8% from 2017 to hit $96.73 trillion (£75.96 trillion) in 2023, driven partly by increasing demand for e-commerce. China has a... read more

Huawei Pay sets sights on global roll-out

07 Jan 19 @ 11:56

Huawei is set to launch a major expansion to its mobile payments platform Huawei Pay as it once again looks to take on the likes of Apple and Samsung. The Chinese phone... read more

2019 Technology Predictions: Digital Banking

18 Dec 18 @ 09:18

Tech-savvy millennials have driven – and continue to drive — a seismic shift towards an uptake in digital banking. According to the latest data available, there are 71 million millennials... read more

First Data and China CITIC Bank International launch new merchant acquiring solutions

12 Dec 18 @ 08:23

First Data and Hong Kong-based China CITIC Bank International (CNCBI), have announced a partnership with the launch of a comprehensive range of merchant acquiring solutions including POS terminals, e-commerce solutions... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

FCA probes Paypal, Mastercard and Visa competition

07 May 26 @ 16:30

The UK’s Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard and Visa, examining whether commercial arrangements linked... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more