Blogs

Message from MWC: NFC Opening Up Payments Space to New Players

Last week’s Mobile World Congress provided ample evidence, if any more were needed, that NFC-enabled mobile phones will offer fertile ground for the entry of new payments players to compete with major banks.

Google Wallet Engineers Exit; Web Giant Likely to Revamp Strategy

The well-publicized Google Wallet hacks from last week are among the least of Google's problems with its wallet.

2012 Does Not Bode Well for Google Wallet with Present Strategy

Suggested New Year’s Resolution for Google: “Must Find a New Wallet Strategy.

GSMA’s Latest NFC Announcement Directed at ‘Over-the-Top’ Players?

The announcement Wednesday by the big mobile operator trade group, the GSM Association, proclaiming increased “momentum” for SIM-based NFC services is, in fact, largely a defensive move.

Google’s NFC Wallet Predicament

Even as Google sends out its “brand ambassadors” to catch video images of consumers gushing as they tap to pay for the first time with the Google Wallet, doubts are growing that the Web giant will be able to make this a mass-market service.

Isis Phone Announcement is Latest Shot in Brewing Wallet War

The release yesterday by the Isis telco joint venture that six major phone makers “will introduce NFC-enabled mobile devices that implement Isis’ NFC and technology standards,” shouldn’t be taken as an endorsement by the phone makers.

Affordable NFC Phones Coming to Market

The story of NFC handsets for 2011 is shaping up to be one of lower-cost phones.

Motorola Gives Google Chance to Control More Secure Elements

Google’s planned acquisition of Motorola’s mobile phone business not only gives the Web giant control of a major handset manufacturer, it also offers Google a way to control the secure chips in more NFC phones.

Lower NFC Phone Shipments Show NXP and Google Got Carried Away

The slashing by Netherlands-based chip maker NXP Semiconductors of its NFC phone forecast for 2011 demonstrates just how complex the business case for NFC rollouts can be.

Telcos Close Ranks as Google Threat Looms

In just the past few weeks, major mobile operators in the United Kingdom and Denmark have announced joint ventures to roll out NFC services.

HEADLINE NEWS

Alipay to Expand Acceptance of Mobile Wallet in Russia

NFC TIMES Exclusive Insight – Alipay is expanding acceptance in another overseas market, Russia, seeking to capture business from Chinese tourists who travel to the country.

Apple Discloses Plans for Four More Apple Pay Markets; Confirms Most Transactions Outside of U.S.

NFC TIMES Exclusive Insight – Apple Tuesday disclosed plans to launch its mobile payments service in four more small markets, including three countries in the Nordics, with the tech giant seeing higher usage of Apple Pay outside of the U.S., where NFC-enabled POS terminals are still not widely available.

As Use of Wallets for In-Store Payments Disappoint, P2P Payments to Surpass $120 Billion in 2017

NFC TIMES Exclusive Insight – Research firm eMarketer predicts that mobile peer-to-peer payments in the U.S. will grow by 55% to more than $120 billion in 2017, an amount that is expected to double by 2021.

Mastercard Launches Campaign to Push New Zealand Retailers to Accept Contactless Payments

NFC TIMES Exclusive Insight – Mastercard has launched an initiative to encourage retailers in New Zealand to adopt contactless payments, noting that nearly three-quarters of New Zealanders use contactless.

Banks and PayPal Announce More Deals for In-Store Transactions, But It’s Unclear When NFC-Enabled PayPal Wallet Will Arrive

NFC TIMES Exclusive Insight – Although Bank of America announced that its customers would “soon” be able to use the PayPal Wallet to pay for purchases in stores using NFC, a bank spokeswoman has told NFC Times that the NFC-enabled wallet might not even be available next year.

Experts: Don’t Expect the Amazon Go or Uber Payments Concept to Hit the Retail Chains Anytime Soon

NFC TIMES Exclusive – With the widespread use of Uber and launch of the Amazon Go experiment, some payments industry observers are predicting it might not be too long before invisible payments comes to brick-and-mortar stores.

Swatch Pay One of the First Low-Tech Payments Wearables That Can be Provisioned After the Sale: How It Works

Jul 21 2017

NFC TIMES Exclusive Insight – While such smartwatches as the Apple Watch are routinely provisioned with payments cards after they are in the hands of consumers, that hasn’t been the case for low-tech analog watches. Swatch Pay could change that.

Analysis: Apple Tries to Jump-Start Apple Pay in China with Generous Week-Long Discounts and Offers

NFC TIMES Exclusive Insight – ­Apple, which is losing its battle badly for market share in China’s huge mobile payments market, has launched one week of generous promotions in hopes it can begin to turn the tide.

PayPal Hopes Samsung Deal Will Help It End String of Failures in Tapping Offline Merchants

NFC TIMES Exclusive Insight – PayPal is believed to have cut its deal with Samsung to be part of the Samsung Pay wallet mainly to gain access to the device maker’s MST technology, enabling consumers to pay in stores with their PayPal accounts without having to look for an NFC-enabled POS terminal.

Backers of WeChat Pay and Alipay Continue to Expand Acceptance Outside of China

NFC Times Exclusive Insight – China’s two large mobile payments services, Alipay and WeChat Pay, continue to roll out acceptance in Europe, North America and other parts of Asia, as they follow Chinese tourists to these destinations.

Denmark’s Largest Bank Plans to Expand Reach of Its Growing MobilePay Wallet; Continues to Favor BLE over NFC and QR Codes

NFC TIMES Exclusive –  Danske Bank’s MobilePay service in Denmark is one of the few mobile-wallet success stories globally, though on a small scale. Now the bank is planning to expand to other Nordic countries and seeks to continue to use BLE technology, not NFC, to enable the in-store piece of its mobile payments service.

Despite Launch of Three Major ‘Pays’ in Taiwan, Visa Plans to Also Support QR Code Payments on Island

NFC TIMES Exclusive Insight – Visa says it plans to support QR code-based mobile payments late next year in Taiwan–a market where all three major “Pays” wallets have launched supporting Visa-branded cards with NFC.