October 2019

Apple Pay revenue and transactions have “more than doubled year-over-year with over 3bn transactions in the September quarter, exceeding PayPal’s number of transactions and growing four times as fast,” Apple CEO Tim Cook has revealed. Apple generated “all-time record revenues from payment services” during the quarter, Cook explained during the iPhone maker’s Q4 2019 earnings […]

Public transportation operator First Group has begun a pilot of a new mobile ticketing service that uses host card emulation (HCE) to let customers with an Android NFC phone purchase a bus ticket, provision it to Google Pay and then use their smartphone to tap an on-board contactless reader when they board a bus. The

“Ryan Li, Foodymart’s executive manager, sees the technology as an opportunity to grow his company’s business by attracting new customers, as well as cutting down on checkout times. Li also said between 50% and 60% of Foodymart customers have lived in China, and he expects most of them have previously interacted with a facial recognition

Customers of Canada’s CIBC bank can now replace a lost or stolen credit card “in a few simple steps through mobile or online banking and instantly use the new card with their mobile wallet before the physical card arrives”. The new feature “makes it radically simple to order a new card and use it immediately,”

The National Bank of Cambodia has begun the rollout of a national mobile payments platform based on real-time funds transfers, QR mobile payments and a single electronic clearing system. “The main purpose of the soft launch of Retail Pay System is to promote innovation in [the] retail payment system, improve the inter-bank transaction, accelerate operational

“If your phone has NFC, then it can become a point-of-sale (POS) device. A customer can tap the contactless card on the phone,” said Vikas Saraogi, vice president of acceptance development at Mastercard, adding that it is likely to be launched in India in the first half of next year.” Read the rest of Mastercard

A face recognition-based biometric payments system installed at 1,000 7-Eleven outlets in southern China last May has been adopted by 10% of the convenience store’s customers, the retailer has told Nikkei Asian Review. Overall, more than 100 million Chinese consumers have now signed up to use face-based biometric payments, the report adds. Read the rest

“The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its four million-plus drivers and couriers around the world access to a mobile bank account

Employees of 14 Vancouver-based businesses have been issued with a new type of transit card that lets them use a single payment method for travel on public transport operator TransLink, for bike sharing with Mobi by Shaw Go and car sharing with Modo and Evo — and then “view expenses for each mode at the