7 May 2018
Financial Times; PR Newswire
Deutsche Bank to pilot new way for Europeans to buy airline tickets online – no card needed – by end-2018; supported by PSD2 and forthcoming fast payments system, TIPS
An ‘old product’ can do new tricks: Splitit brings credit purchases to American debit cardholders: targets millennials who prefer debit to credit cards
10 Apr 2018
Pigzbe announces first cryptocurrency ‘piggy wallet’ for children to receive, save and spend pocket money
Gamified digital money apps for kids are emerging to teach digital financial literacy in an increasingly less-cash world
Children are ‘traditional users’ of cash, so could these apps accelerate declining cash use?
9 Feb 2018
WhatsApp the latest entrant to Indian mobile payments market, joining Google and Paytm
Mobile payments continue to shift from prepaid e-wallets to UPI apps
UPI infrastructure similar to NPP; perhaps an opportunity for a QR code-based NPP merchant overlay service
Point of View
WhatsApp launched person-to-person...
9 Jan 2018
Google Pay, the new streamlined brand for paying with Google, in store, online and in-app
Is it a grab for market share from Apple and Amazon?
Could the changing regulatory environment entice the tech giant further into financial services in Australia?
Google Pay is the new streamlined brand for a...
28 Dec 2017
WeChat and Guangzhou government issue virtual national identity cards, to replace physical cards
Requires a user to validate themselves through the WeChat app, using facial recognition
What are the possible lessons for a digital identity framework in Australia?
Source: China News
The latest foray by WeChat is into p...
13 Dec 2017
Credit Card Reviews
Card schemes to drop signature requirement for EMV cards in North America, from April 2018; schemes say biometric and EMV technology could limit any fraud rise
Biometric authentication could improve both convenience and security of online and mobile payments
Privacy a major consideration when implementing biometric frameworks
26 Nov 2017
Department of the Prime Minister and Cabinet
Consumer Data Right to be legislated in Australia: Government accepts Productivity Commission recommendation
Customer consent will be a key issue in the development of an open banking framework
Can lessons be learned from Europe and UK open-banking experiences?
As we experience a paradigm shift across t...
23 Nov 2017
Starling Bank cardholders accrue loyalty rewards with Yoyo just by using their card; other banks’ customers must instead use the Yoyo app at the point of sale
Customers collect loyalty rewards and make purchases seamlessly through the Yoyo app, by presenting their dynamic QR code to merchants for scanning
In Australia, Stocard is...
7 Nov 2017
Users able to make P2P payments through Apple iMessages
Payments made via an be made via the Apple Pay virtual card, with funds transferred through card network
Is Apple serious about payments or simply looking to expand its device market share by offering more features?
Apple has released Apple P...
24 Oct 2017
Bloomberg, The Paypers, Visa
Facebook expands into payments, partnering with PayPal, joining Visa Digital Enablement Program and offering food ordering service
Intention to keep users on Facebook and increase advertising revenues, rather than process payments itself
Having been granted a patent for P2P in Australia, could Facebook roll out payment services h...
20 Oct 2017
JP Morgan Chase – largest merchant acquirer in US – and Alipay have partnered, merchants can now accept Alipay
Expansion into the US part of Alipay’s strategic plan to follow Chinese tourists overseas
1.2 million Chinese visitors to Australia annually, does that present an opportunity to expand Alipay acceptance here?
18 Sep 2017
Google India Blog
Google launches app that uses non-NFC contactless POS technology
In Cash Mode, smartphones 'talk to each other' using ultrasonic sounds to send payments without exchanging personal information, including PIN
Account-to-account transfers via interbank infrastructure rails, rather than a mobile wallet
Source: Google India Blog
29 Jun 2017
Kenyan Treasury issues low-value mobile-only government bonds: encourage savings, cheaper funding, financial inclusion
Mobile phones have enabled financial inclusion in China
Could there be an opportunity to improve financial inclusion in Australia?
Source: The Economist
12 Jun 2017
TechCrunch, The Verge
Bank-owned Early Warning launches Zelle, its in-app real-time P2P payment service, in the US
Apple introduces P2P payments within iMessage
Sources: Techcrunch; The Verge
Mobile P2P payments are not new. Since 2015, Facebook has been providing such a service through Messenger, via linked Visa or MasterCard...
6 Jun 2017
UnionPay launches its QR code payment solution, QuickPass QR Code, to compete with WeChat Pay and Alipay in China
Plans to expand internationally, including to Australia
Could Australian merchants adopt QR code technology to serve Chinese visitors?
MARKETINSIGHTS Giving you the latest global and domestic developments
affecting the payments landscape in Australia today.