China Mobile’s payments chief talks openness

LIVE FROM GSMA MOBILE WORLD CONGRESS SHANGHAI 2015: Fan Jinqiao, CEO of China Mobile Payment, a unit of the country’s leading operator, had a list of impressive statistics to share, as well as an open platform philosophy to preach for …

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China Mobile’s payments chief talks openness

LIVE FROM GSMA MOBILE WORLD CONGRESS SHANGHAI 2015: Fan Jinqiao, CEO of China Mobile Payment, a unit of the country’s leading operator, had a list of impressive statistics to share, as well as an open platform philosophy to preach for …

The post China Mobile’s payments chief talks openness appeared first on Mobile World Live.

Samsung’s LoopPay move is more of a threat to Google than Apple – analysts

Samsung’s acquisition of LoopPay, marking the South Korean giant’s aggressive entry into the mobile payments market, poses more challenges to Google than Apple, argues Gilles Ubaghs, an Ovum senior analyst covering financial services technology. Since being set up in 2012, …

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Payment wearable with a difference set for showcase

A new wearable device by German vendor Wirecard enables users to make a payment by holding the wristband against NFC-based payment terminals. What distinguishes the Smart Band from other such products is that it uses host card emulation (HCE) technology. …

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About 30M phones will be used for contactless payments by end 2015: Deloitte

By the end of 2015, about five per cent of the global base of 600 million to 650 million NFC phones will be used monthly or more regularly to make contactless in-store payments, according to one of the 10 predictions …

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Asia Pacific will continue to lead on NFC payments — study

The Asia Pacific region will account for the largest share of spending via NFC-based smartphones in 2020, according to Strategy Analytics. The region will be ahead of North America (31 per cent) and Western Europe (21 per cent), said the …

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SimplyTapp finds it has money-raising knack

SimplyTapp, the US firm that claims to have invented host card emulation (HCE) technology, has raised $5.9 million in a Series B round, as it seeks to further develop its cloud-based technology for NFC mobile payments, access control and in-app …

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Optus claims Australian mobile payment app “first”

Australia’s Optus has introduced a mobile payment app that uses NFC and Visa payWave technology. The Cash by Optus app was launched in collaboration with Visa and Heritage Bank. Optus claims it’s the first Australian operator to release such an …

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CaixaBank launches Gemalto-powered NFC mobile payment wristband

CaixaBank, one of Spain’s largest banks, has moved into the wearable payment technology space with the launch of an NFC-enabled wristband capable of making contactless payments. Security vendor Gemalto has supplied its Optelio Contactless MiniTag, which links the wristband to the user’s existing payment card.