Worldwide shipments of wearables to surpass 200 million

March 22, 2016, 7:44 am

≫ Next: Global digital payments to reach $3.6 trillion this year

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Worldwide shipments of wearable devices are expected to reach 110 million by the end of 2016 with 38.2% growth over the previous year. According to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, an expanding lineup of vendors combined with fast-growing consumer awareness and demand will generate double-digit growth throughout the 2015-2020 forecast [...]

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Global digital payments to reach $3.6 trillion this year

March 22, 2016, 8:16 am

≫ Next: Android Pay announces UK launch

≪ Previous: Worldwide shipments of wearables to surpass 200 million

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A new study  has found that hat the annual transaction value of online, mobile and contactless – digital payments will reach $3.6 trillion this year, up from $3 trillion on 2015, resulting in a 20% increase. The new research, Digital Payment Strategies: Online, Mobile & Contactless 2016-2020 – argued that the recent surge in contactless payments would [...]

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Android Pay announces UK launch

March 23, 2016, 7:48 am

≫ Next: Huawei launches Huawei Pay with China UnionPay

≪ Previous: Global digital payments to reach $3.6 trillion this year

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Major high street UK banks including HSBC, Bank of Scotland, First Direct, Halifax, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society say they are ready for the forthcoming launch of Android Pay in the UK. Set to launch sometime in the ‘next few months’, Android Pay will support MasterCard and Visa credit and debit [...]

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Huawei launches Huawei Pay with China UnionPay

March 24, 2016, 5:32 am

≫ Next: American Express adds Apple Pay for UK Corporate Cards

≪ Previous: Android Pay announces UK launch

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Huawei Technologies, the leading Chinese smartphone manufacturer, has partnered with China UnionPay to introduce Huawei Pay – an NFC mobile payment service. As far as bank card payments are concerned, UnionPay holds a dominant position in China. The state- run bank-card processor, which also works with Apple Pay, will help Huawei to roll out NFC  mobile payments [...]

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American Express adds Apple Pay for UK Corporate Cards

March 24, 2016, 5:50 am

≫ Next: Barclays launch Apple Pay in UK

≪ Previous: Huawei launches Huawei Pay with China UnionPay

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American Express Global Corporate Payments UK says its UK Corporate Card members can now use Apple Pay to tap and pay with compatible Apple devices. Karen Penney, Vice President and General Manager UK, American Express Global Corporate Payments & Small Business Services, said: “As businesses look to make life simpler for their employees, allowing them to [...]

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Barclays launch Apple Pay in UK

April 5, 2016, 1:59 am

≫ Next: Consumer appetite for digital wallets growing in Europe

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Barclaycard and Barclays customers can now use Apple Pay to pay at the hundreds of thousands of locations across the UK that accept contactless payments. The introduction of Apple Pay for Barclaycard and Barclays customers gives millions more UK consumers the ability to conveniently make payments using iPhone, Apple Watch and iPad at over 400,000 contactless [...]

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Consumer appetite for digital wallets growing in Europe

April 6, 2016, 5:02 am

≫ Next: Payments Cards in Europe – a report

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New research from Aimia reveals that consumer appetite for digital wallets in Europe is growing. The findings show almost a third (31%) of Europeans say they are likely to use a digital wallet on their mobile device, which is a 5% increase on the previous year. Italy is leading the way, with nearly half (47%) [...]

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Payments Cards in Europe – a report

April 12, 2016, 6:15 am

≫ Next: Secure element applet to accelerate mobile payments on Wearables

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Payment cards at the point of sale (POS) and online showed solid growth rates in most European countries in 2014, supported by the roll-out of contactless technology. The challenges for the industry as a whole are the downward pressure on interchange fees and growing fraud losses.  Cards in issue and card payments by volume and by [...]

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Secure element applet to accelerate mobile payments on Wearables

April 18, 2016, 8:20 am

≫ Next: Digital Payments Report 2016

≪ Previous: Payments Cards in Europe – a report

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Gemalto has provided a secure element based applet for smart wearables launched by China UnionPay,  one of the world’s major payment associations with total transactions reaching $1.9 trillion in the first quarter of 2015. Smart wearable devices are gaining popularity globally, with total shipments expected to surpass 200 million in 2019. CUP had launched smart [...]

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Digital Payments Report 2016

April 18, 2016, 8:52 am

≫ Next: Nets and JCB to drive J/Speedy mobile payments in Denmark

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American Express, a leading global payments brand, have partnered with payments consulting firm Accourt to conduct a survey on the state of Digital Payments. Advancements in digital technology continued to shape the payments industry in 2015 as mobile, online and other digital forms of payments moved into the mainstream. From mass transit to gas stations [...]

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Nets and JCB to drive J/Speedy mobile payments in Denmark

April 19, 2016, 6:40 am

≫ Next: First mobile HCE payment solution deployed in Bulgaria

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Nets and JCB International (JCB), have entered into a partnership agreement which allows Nets to use J/Speedy, JCB’s contactless technology, for Dankort payments with smart phones. Nets believes that in 2020 up to half of all payments at POS in Denmark may be initialized from a smartphone and that there will be more than 3 million [...]

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First mobile HCE payment solution deployed in Bulgaria

April 20, 2016, 5:54 am

≫ Next: Verifone and Samsung partner on Samsung Pay acceptance

≪ Previous: Nets and JCB to drive J/Speedy mobile payments in Denmark

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First Investment Bank AD (Fibank) of Bulgaria is the first bank in the region launch a mobile HCE payment card product, the mobile payment service is based on Host Card Emulation (HCE) technology certified by MasterCard. “Fibank is glad to offer a new product to its customers. Fibank’s mobile app customers using an NFC enabled Android handset [...]

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Verifone and Samsung partner on Samsung Pay acceptance

April 20, 2016, 6:00 am

≫ Next: Critical mass for contactless cards in 2016-18

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Verifone and Samsung have teamed up to accelerate merchant adoption of Samsung Pay. As the most widely accepted mobile payment system in the US, Samsung Pay works almost anywhere users can swipe or tap a card. “As we enable innovators like Samsung to create amazing experiences leveraging our products, we want to make sure that [...]

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Critical mass for contactless cards in 2016-18

April 20, 2016, 6:13 am

≫ Next: Increasing adoption of mobile P2P payments

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Contactless cards continue to grow with increasing appetite from all stakeholders including consumers, who find it convenient, and merchants who like its speed – particularly where there is a requirement to move people very quickly through the payment experience, such as mass transit and fast food. This, coupled with the merchant acquirers offering lower merchants [...]

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Increasing adoption of mobile P2P payments

May 4, 2016, 8:03 am

≫ Next: Contactless technology adoption accelerating in the Netherlands

≪ Previous: Critical mass for contactless cards in 2016-18

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In a recent primary consumer research it highlights a rapid increase in adoption of mobile payments, and specifically in mobile P2P payments. Based on a survey of 1,279 smartphone users conducted in December of 2015, results suggest that trial and adoption are accelerating quickly—and that being a fast follower in this space may not be enough [...]

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Contactless technology adoption accelerating in the Netherlands

May 9, 2016, 3:57 am

≫ Next: UK welcomes Android Pay

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The Netherlands has seen a significant uptake of contactless payment cards since their introduction in 2014. Contactless technology is gaining traction in the Netherlands as banks are introducing new solutions to capture a large share of the market. There were 15 million contactless cards in the country in 2015 – an equivalent to 45.5% of overall [...]

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UK welcomes Android Pay

May 18, 2016, 6:13 am

≫ Next: The future of digital payments

≪ Previous: Contactless technology adoption accelerating in the Netherlands

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Amid a PR feeding frenzy, you may have noticed that Android Pay launched in the UK. Millions more people will be able to pay through their smartphones in the latest attempt by Google to persuade British shoppers to swap real for digital wallets. Much of the UK has been slow to adopt digital payments, partly [...]

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The future of digital payments

May 19, 2016, 2:53 am

≫ Next: What are the key trends in payments for 2016: Tieto Interview

≪ Previous: UK welcomes Android Pay

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Advancements in digital technology continued to shape the payments industry in 2015 as mobile, online and other digital forms of digital payments moved into the mainstream. From mass transit to gas stations and supermarkets, businesses of all sizes now accept various types of digital payment, making paying for goods and services quicker and easier. While [...]

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What are the key trends in payments for 2016: Tieto Interview

May 27, 2016, 7:49 am

≫ Next: SIA partners with Raphaels Bank

≪ Previous: The future of digital payments

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Several themes from 2015 will continue trending this year. Mobile payments will keep being one of them. Large players like Apple and Samsung have expanded their geographical presence with their wallet products, as have Visa and MasterCard with their digitization services. Now it is easier than ever to either roll out your own, or join [...]

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SIA partners with Raphaels Bank

June 7, 2016, 3:27 am

≫ Next: Visa signs 40 financial institutions to Visa Digital Commerce App

≪ Previous: What are the key trends in payments for 2016: Tieto Interview

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SIA announced a partnership with Raphaels Bank to develop and launch payment solutions in SEPA . As part of the agreement, Raphaels and SIA will offer SEPA payments services to clients through the bank’s “indirect participation” in the SEPA Credit Transfer and SEPA Direct Debit schemes. SIA says the alliance will allow both UK and European businesses [...]

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