Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
Since launching in August in Korea, Samsung Pay has reached KRW 250 billion in accumulated transaction volume and over 10 million in accumulated number of transactions. This week Samsung Pay has expanded to transportation.
There is a windfall of US$380 billion in annual revenues waiting for banks to tap by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system.
Verifone has been approved by JCB to support J/Speedy v1.3 “making Verifone’s merchant clients the first to be able to accept this latest version of the contactless EMV payment program used by JCB cardholders.
As the Pope’s visit is underway, MasterCard has launched the MasterCard Aid Network, an end-to-end, non-financial service designed to streamline aid distribution even in the absence of telecommunications infrastructure. Now, impacted populations can secure basic needs swiftly with the simple dip of a card.
Singapore has launched China UnionPay’s (CUP) QuickPass acceptance at merchants for daily purchase, such as catering stores and supermarkets. It is the first time that UnionPay QuickPass service extends to the Southeast Asia market which is frequently visited by tourists.
Alliance Data Systems has introduced an EMV-based co-brand credit card solution with tap-and-pay functionality for its retail partners. The first of these dual-interface chip cards are co-branded with MasterCard and BJ’s Wholesale Club and the Fuel Rewards program.
BitGold has launched its mobile application for Android (#android) and iOS (#ios) operating systems. Available today, the official BitGold mobile application is free to download from Google Play and Apple’s App Store.
China’s UnionPay has beefed-up “QuickPass” in Taiwan with more than 300 merchants in Jinmen, Matsu and Penghu by a deal inked with Taiwan Cooperative Bank. So far, over 1,000 POS terminals of Taiwan Cooperative Bank can accept UnionPay “QuickPass” in Taiwan.
Mobile transactions are a growing category in a very real sense, with awareness of the various payment opportunities the category offers continuing to rise. What’s more, majorities of Americans indicate that tapping to pay could be useful across a broad gamut of retailers and service providers.
In today’s CardFlash News Que: PINTEREST (Shopify); VISA (FireEye); MERCATOR (EMV); and PROPAY (LenderPay).
Bulgarian payment cards will likely hit 9 million cards-in-force (CIF) this year growing at a compound annual growth rate (CAGR) of 2.08%. Transaction value is expanding at a CAGR of 7.33%, rising to BGN16.3 billion (US$8.7 billion) in 2014.