ZDNet — Samsung’s mobile payment service has seen $30 million in transactions and recorded approximately 36 percent of its users as active in its first month, with about 10 percent of those using Samsung Pay daily, according to the South Korean tech giant. Samsung Pay is currently available for Galaxy S6 and S6 Edge owners, as well as those using the Galaxy Note 5. The firm said around 60 percent of transactions took place with the Note 5, which was launched earlier this month.
PRNewswire — NEW YORK: With E-Commerce Booming Online and Mobile Payments Develop in Asia-Pacific, Online and mobile payments worldwide are forecasted to top three trillion Euros in the next five years. Mobile payment is the growth leader, outpacing online and the total payments market, with further growth expected following the launches of varying mobile payment solutions, including Apple Pay. Fast and one-touch checkout is a trend on the global online and mobile payment market, with one-touch solutions released by Amazon, PayPal and Apple Pay.
Times of India — MUMBAI: Visa, one of the largest payment companies in the world, has junked its mobile payment venture in India after leading telecom companies refused to share their network. The company Movida India, the joint venture that Visa had formed five years ago in partnership with Monitise Plc UK, has shut shop and Naushad Contractor, head of the 50:50 JV, has quit, three persons aware of the development told ET.
PRNewswire — NEW YORK: Online and mobile payments worldwide are forecasted to top three trillion Euros in the next five years. Mobile payment is the growth leader, outpacing online and the total payments market, with further growth expected following the launches of varying mobile payment solutions, including Apple Pay.
Forbes — I am the editor of China Money Network. I cover China-focused private equity, hedge fund and venture capital industries. Previously, I worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York. While in New York, I also served as part-time correspondent for China Business Network and China Radio International.
Times of India — BENGALURU: With the launch of the Freecharge wallet on Tuesday, e-commerce biggie Snapdeal is taking on market leader Paytm head on. And whichever way you look at it, consumers will be the big winners, with banks and a host of independent ventures now launching similar wallets and making attractive offers to win users into this segment.
Digital News Asia — MALAYSIAN online payment systems provider iPay88 Sdn Bhd, arguably one of the leaders in South-East Asia with a presence also in Indonesia, Singapore, Thailand, the Philippines and Vietnam, has seen its Malaysian operations acquired by Japan’s NTT Data Corp for an undisclosed amount.
Digi Times — IDC predicts worldwide mobile payments will account for US$1 trillion in value in 2017, up 124% from the less than US$500 billion expected in 2015. Asia Pacific markets will contribute to this growth greatly as mobile commerce transactions with remote payments take off across the region. Driven by a high number of initiatives and diverse mobile commerce maturity level, Asia Pacific is expected to lead the world in mobile payment developments.
Business Korea — Korean mobile carriers are launching NFC-based mobile credit card services in China. The target customers are expected to expand from Korean tourists in China to the Chinese in general in the long term. KT announced on Aug. 6 that it released the Union Pay Mobile QuickPass Card with BC Card. The QuickPass is an NFC and touch-based payment service developed by Union Pay International.
MIS Asia — CurrentC, the mobile payments solution backed by big retailers such as Target, Walmart, and Best Buy, might not launch this year after all, and some member stores are now throwing their support behind Apple Pay. Retail consortium MCX, which runs CurrentC, will still kick off a pilot program in a few weeks in Columbus, Ohio. But MCX CEO Brian Mooney told Recode that the group isn’t rushing a wider rollout, despite earlier plans for a mid-2015 public launch.
PRNewswire Asia — SINGAPORE: Running from 2nd-3rd September 2015 at the SMX Convention Center in Manila and bringing together 1000+ attendees, 60 expert speakers and 40 international & local exhibitors, Cards & Payments Philippines and the E-Commerce Show Philippines will be the premier meeting places for the entire payments and e-commerce ecosystems from across the country.
Digital News Asia — SINGAPORE Telecommunications Ltd (Singtel) said that members of the public can now donate to Community Chest, direct from their mobile phones with Dash, its mobile wallet app. “Singtel is a long-standing partner of Community Chest. We are proud to strengthen our partnership with Community Chest with Dash as one of its donation channels,” said Gan Siok Hoon, vice president of m-commerce, Consumer Singapore, Singtel.
Silicon Angle — BTC China Chief Executive Officer Bobby Lee and OKCoin, Inc. Head of International Jack Jiu took to the stage at the Rise Conference in Hong Kong Friday to discuss where Bitcoin was and what’s ahead for the popular cryptocurrency. “Bitcoin can mean different things to different people,” Lee explained to the crowd at the conference which has attracted thousands from across Asia, but, unfortunately didn’t cater to the volume of people well.
Tech in Asia — The recent events of PayPal and eBay splitting into two separate entities and the newly released version of Alibaba’s mobile payment app Alipay 9.0 inspired me to take a closer look at these two unequal rivals. However, comparing Alipay with PayPal directly doesn’t seem to do the former much justice. As with many of the leading Chinese digital players, Alipay is an integral part and closely connected within Alibaba’s ecosystem.
Times of India — TOKYO: Mark Karpeles, the former head of defunct bitcoin exchange Mt Gox, was arrested in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying data on the outstanding balance of the exchange, at one point the world’s largest hub for trading the digital currency, they added.
LONDON: Tata Consultancy Services (TCS), India’s largest IT services firm, has been recognised as a global leader in card management and transaction processing by a leading research company. TCS was recognised as a global leader by Celent, a research and consulting firm focused on the application of information technology in the global financial services industry.
Market Wire — SHANGHAI, CHINA and BOSTON, MA — peerTransfer, the leading provider of global payment solutions for the education industry, announced today that it has submitted an application in China to open operations in China. The firm will be based in Shanghai and operate as PingFuFei Commercial Consultancy Limited Company.
IT News — PayPal will buy digital money transfer provider Xoom for US$890 million (A$1.2 billion) as it muscles into a growing international remittance market and expands in countries like Mexico, India and China ahead of a spinoff from eBay. The offer price of US$25 per share in cash represents a premium of about 21 percent to Xoom’s closing price of US$20.70.
Optus has admitted to handing over its customer’s phone numbers to certain third-party websites accessed by the user. As first flagged by a user on telco forum Whirlpool, when a user browses certain websites, Optus provides the customer’s mobile phone number to the website operator where a “commercial relationship” exists. The practice, known as HTTP header enrichment, includes a mobile browser’s phone number in the HTTP header of the website request. The process aims to streamline direct billing for customers.
TNS, a leading global provider of data communications and interoperability solutions, is providing a Pan-Asian telecommunications network for Global Payments, a leading worldwide provider of payment technology services. The best-in-class network, which utilises TNS’ Dial and TNSConnecttechnologies, delivers a single, seamless solution which harmonises the payments infrastructure across the diverse range of countries and telecommunications environments. The high speed TNS solution offers flexible routing and a range of connectivity options to help simplify operations which carry multiple types of transaction traffic.