Mobile payment enabler, Union Mobile Pay, is working with Syniverse to enable banking institutions across China to enhance their customer loyalty programs by providing premium cardholders with free, unlimited Wi-Fi access on their mobile devices when traveling to Taiwan and Thailand. The collaboration allows banking institutions to sponsor the cost of their cardholder’s access to…
UnionPay and BCcard jointly launched UnionPay HCE mobile QuickPass in South Korea, which will enable the local UnionPay cardholders to pay by tapping their mobile phones. South Korea becomes the first overseas market to have launched mobile QuickPass. Mobile QuickPass is UnionPay’s new mobile payment solution. It supports both offline contactless payment via mobile phones…
When it comes to mobile devices, in general, 72% of Millennials and 64% of all business travelers use mobile devices to check travel itineraries one or more times a day during trips, and 55% of Millennials and 44% of all business travelers use them to check their expenses at least once a day while on…
Walmart announced the availability of Walmart Pay in another 11 states, including Virginia, North Carolina, South Carolina, Nebraska, South Dakota, North Dakota, Iowa, Tennessee, Kentucky, Michigan and Indiana. More than twenty million customers actively use the Walmart app each month and it ranks among the top three retail apps in the Google and Apple app…
American Express and Facebook are working hand-in-hand to explore innovative new experiences to interact with Card Members in Messenger. American Express expects to launch a pilot Amex bot for Messenger in the coming months for eligible U.S. Consumer and OPEN Card Members who opt-in to participate. The concept demonstrated how American Express Card Members could…
New research confirms online payments are taking off, however alternative e-lending is sputtering. Online payment services are the most popular alternative to traditional banking with 19% of consumers, but customers who borrowed money from peer-to-peer or marketplace lenders remained flat, with no signs of growth. FICO’s latest consumer finance trend research has revealed that a…
A new report finds 67% of millennials in India purchased goods via their mobile device. For those who shop using their mobile device, they do so more frequently—and with lower transaction values—than non-millennials. ACI Worldwide inaugural Indian FinTech Commerce & Payment Study asked approximately 400 employees in the FinTech space about their shopping habits and payment preferences…
Global mobile payments are expected to grow by a compound annual growth rate (CAGR) of 39% through 2020. This year mobile payments are projected to hit $769 billion, rising to $2890 billion in 2020. According to a new report from FMI, global mobile payment transaction volume will grow by a massive 42% to reach 26.9…
In Other News: PYMNTS (awards); ELAVON (ariane); EMAZZANTI (ranking); and AMEX (LGBTQ). PYMNTS – The winners of the 2016 PYMNTS/Alexa Challenge include Visa and USAA. There were 12 teams and 14 companies in a five-week competition to use Alexa and her voice-activated technology to reimagine how consumers interact with their payments and financial services solutions…
When it comes to mobile payments, Mexico, the second-largest mobile market in Latin America after Brazil, is ready for reaping. At the end of last year there were 88 million unique mobile subscribers, or 69% of the population in Mexico. There were 104 million total mobile connections, with smartphones making up half. A new report…
In Other Payment News: VISA (campaign); VISUALANT (funding); BANKRATE (acquisition); and ELAVON (canada). VISA – Visa launched its most ambitious integrated global Olympic Games campaign in the company’s history. Marking a bold new direction in Visa’s marketing and communications, the “Carpool” campaign will run globally across all media channels from digital to broadcast as an…
New research discovered smartphone users shown digital advertising at point-of-sale are more apt to pull out their iPhone to make a purchase, and even spend more during the transaction. USA Technologies (USAT) tested whether targeted point-of-sale advertising of Apple Pay acceptance would increase usage of mobile payments by consumers. Initial findings by USAT show targeted,…