MasterCard Partnership Speeds NFC Development

At Mobile World Congress last week MasterCard announced a collaboration between Deutsche Telekom, Telefónica Deutschland, Vodafone and TREVICA (a MasterCard owned company) to create a new mobile platform and accelerate the development of mobile payments in Germany. The three mobile operators represent 80% of mobile customers in Germany, which means that banks and financial institutions can hugely accelerate their ability to provide mass- market mobile payment services to consumers. Instead of connecting to individual mobile operators, issuing banks can now connect to TREVICA and have access to a number of mobile operators with one single integration to the TREVICA platform.

Vodafone Announces mPayment Pilot

Alpha Bank and Vodafone, in partnership with Visa Europe and First Data, introduce “Tap n Pay” NFC mphone app for contactless payments. With a Vodafone mobile SIM card, on which the Alpha Bank Enter Visa debit card, is stored. The Tap ‘n Pay application enables contactless transactions in shops where contactless card acceptance terminals are in use, by debiting the bank account that is linked to the debit card. In order to complete the transaction, users must hold their mobile phone within five centimeters of the contactless terminal, and the transaction will be completed securely in a split second, without requiring either a signature on a transaction receipt or the entry of a PIN number.

Vodafone & MoneyGram Launch Global Payment

Vodafone and MoneyGram announced their partnership allowing consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa. The agreement will allow consumers who visit MoneyGram’s 334,000 agents across the globe to send funds directly to M-Pesa accounts. MoneyGram customers can also transfer money to an M-Pesa user through moneygram.com or via a mobile app, available on iPhone, Android and Windows 8 phones. M-Pesa – which allows customers to pay bills and withdraw, transfer and deposit money easily – is now available in the Democratic Republic of Congo, Egypt, Fiji, India, Kenya, Lesotho, Mozambique, South Africa and Tanzania.

VISA EUROPE 2013

To describe Visa Europe in three words is contactless, mobile payments, and digital wallets. Visa Europe struck so many such deals in 2013. For example, banks representing 80% of all consumers are already committed to digital wallets and by 2020 Visa Europe predicts one-third of all European consumers will be using V.me by Visa. European consumers have made 211 million contactless purchases in 2013, as the monthly contactless spend has also increased six fold to €285 million. Visa Europe processes more than 32 billion transactions per year with purchase sales exceeding €1.3 trillion on 483 million cards. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive license in Europe.

VISA EUROPE 2013

To describe Visa Europe in three words is contactless, mobile payments, and digital wallets. Visa Europe struck so many such deals in 2013. For example, banks representing 80% of all consumers are already committed to digital wallets and by 2020 Visa Europe predicts one-third of all European consumers will be using V.me by Visa. European consumers have made 211 million contactless purchases in 2013, as the monthly contactless spend has also increased six fold to €285 million. Visa Europe processes more than 32 billion transactions per year with purchase sales exceeding €1.3 trillion on 483 million cards. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive license in Europe.

MasterCard Intl 2013

In terms of growth, MasterCard’s Europe, Latin America and Canada regions all under performed the fast growing Asia-Pacific-Middle East-Africa region in 2013. Last year the European region produced annual growth of 16.6% with third quarter gross dollar volume of $322 billion. In the Latin American region gross dollar volume also rose 16.6% year-over-year, with $83…

Adyen Mobile Payment Index

Adyen today announced findings from its third Adyen Mobile Payments Index covering the period September to December 2013. The Index shows mobile payments accounted for 19.5% of all transactions worldwide in December, a growth of 55% year-over-year, up from 12.6% the previous December. New to this Index, Adyen has pulled out data showing not only the volume of transactions made per type of mobile device, but also the average transaction value across a selection of industry sectors. This data shows tablets to be the preferred device for higher value transactions over smartphones and even PCs in some cases.

MasterCard Expands MasterPass to New Market

MasterCard’s new digital payment platform is debuting in Italy with Mediaworld, Trenitalia and Vodafone. The “MasterPass” solution will shortly be joined by Esselunga. 3,500 more retailers are also active through Banca Sella, the first acquirer bank to offer the MasterPass service to all its online clients. With MasterPass, consumers, don’t have to enter their card and shipping details each time they make a purchase from an online retailer, which is particularly important in the growing area of purchases made from smartphones and tablets. Consumers can simply click on the “Buy with MasterPass” button and enter their username and password to complete payment for a purchase. MasterPass optimizes the mobile check out experience making the small screens easier to navigate and offers the same benefits for online purchases made from PCs and tablets too.

Vodafone Launches SmartPass

Vodafone Germany is launching its new mobile wallet with the integrated Vodafone SmartPass Visa payment application. The Wirecard Group will be handling all technical and financial services for the Vodafone SmartPass card solution from Vodafone. This includes issuing both plastic and digital Visa cards for the wallet through the Wirecard Card Solutions subsidiary. The Vodafone SmartPass payment app is now being launched in Dusseldorf, where there are already around 800 NFC acceptance points. In the first quarter of 2014, the service will be successively expanded across the whole of Germany. Customers with an NFC-enabled and wallet-certified smartphone receive a SIM card with the relevant NFC function and can then pay with their Vodafone SmartPass credit at all Visa-certified contactless terminals.

Vodafone & GlobalPlatform Launch NFC mWallet

Vodafone announced the launch of its mobile wallet service that will enable customers to make a wide range of everyday transactions with a simple wave or touch of their smartphone. Vodafone’s mobile wallet is the first European mobile payment service built on the GlobalPlatform open standard, which makes it easy for organisations, including banks, retailers and transport companies, to host services in the wallet. The Vodafone Wallet allows customers to leave their cards and coins at home and manage their daily transactions efficiently and securely using their smartphone. In addition to enabling customers to pay for everyday goods, the Vodafone Wallet will also be able to hold travel cards, loyalty cards, gift cards and vouchers, complementing and over time replacing the plastic cards in a customer’s wallet or purse. Vodafone SmartPass, a service developed in partnership with Visa, is the first mobile payment app available for the wallet.