Topic “Tencent Holdings”

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.

Top 10 Misses: Wallet Take-Up, Bank Recruitment, Payments Wearables Rollouts Led List of Disappointments in Past Year

Jan 5 2017

NFC Times Exclusive – The rollout of digital payments, including services using NFC technology, are undoubtedly making progress, especially compared with just a few years ago.

Samsung Deal with Alipay in China Angered UnionPay; Device Maker Gears Up to Enable Transit Ticketing

NFC Times Exclusive – SHANGHAI, China: While Apple has signed up more banks and is believed to have more cards registered in China for its Apple Pay service–around 10 million, according to a source–Samsung is seeking to outflank its rival with more acceptance points and more applications for Samsung Pay, NFC Times has learned.

Apple and Samsung Announce Plans for Mobile Payments Launches in China

NFC Times Exclusive Insight – Apple has announced overdue plans to launch Apple Pay in China early next year, touting a list of 15 major banks that will enable customers to load their credit and debit cards in its Wallet app, including China’s big four state-owned banks. Meanwhile, Samsung followed with an announcement of its planned launch of Samsung Pay in China, which was also expected.

Apple Moves Closer to Apple Pay Launch in China, Though No Date Yet Revealed

NFC Times Exclusive Insight –  Apple has been quietly taking more steps toward a launch of Apple Pay in China, registering a local company in Shanghai and hiring at least two top former Visa China staffers, including the former country manager.

UnionPay Continues Talks with Apple; China Mobile Maintains Support for NFC SIMs

NFC Times Exclusive – SHANGHAI, China: China UnionPay is continuing negotiations with Apple and some sources told NFC Times it is gearing up for a planned launch of Apple Pay in China.

NXP Seeks to Open Up Access to Embedded Chips in Android Phones

Nov 20 2014

With interest growing again in embedded secure elements in NFC phones to store applications, thanks to Apple Pay, NXP Semiconductors is trying to drive demand for its embedded chips in Android phones by making it easier for service providers to load their applications on the silicon.

NXP Reports Higher NFC Sales, Offers No Hints on NFC-Enabled iPhone

Jul 30 2014

NXP Semiconductors said sales in its emerging ID business–mainly made up of its NFC chips–increased by 22% in the second quarter, compared with the first quarter, and CEO Richard Clemmer insisted the chip maker’s secure element business would continue to remain a strong contributor.

China UnionPay Strikes Deal with ZTE to Use Embedded Chips for Payments

Payment network China UnionPay and China-based handset maker ZTE have disclosed an agreement to enable contactless payment on embedded chips in two of ZTE’s latest high-end Android phones.

HEADLINE NEWS

Mastercard Quietly Certifies First Data and PayPal to Tokenize Mastercard-Branded Cards

NFC TIMES Exclusive – Mastercard has opened up tokenization of Mastercard-branded card accounts to two other major payments industry players, First Data and PayPal, enabling them to tokenize Mastercard-branded cards for mobile and other digital payments services as an alternative to Mastercard’s own token service, MDES, NFC Times has learned.

Apple Launches P2P Payments Featuring Own Digital Payment Card; Should Banks Worry?

NFC TIMES Exclusive Insight – A key part of Apple’s new Apple Pay Cash peer-to-peer payments service is its digital prepaid debit card–which can be used for in-store NFC purchases and other transactions–a first for the tech giant.

Target Shuns NFC and Apple Pay as Expected with New Wallet; Service Features Private-Label Card

NFC TIMES Exclusive Insight – Target has added its long-anticipated 2-D bar code-based wallet to its mobile app, following rival Wal-Mart Stores in launching its own payments service and shunning NFC and contactless, as expected.

Belgian Domestic Debit Network Seeks to Expand Use of Mobile Payments, Though Consumer Habits Hard to Break

Dec 1 2017

NFC TIMES Exclusive Insight – Belgium’s domestic debit network Bancontact is offering both QR code and NFC-based mobile payments services with 20 banks in the country, as backers seek to expand use by consumers of mobile and contactless payments, which each make up only around 1% of total Bancontact transactions.

Korean and Taiwanese Banks Test Loyalty Points Exchange Using Blockchain

NFC TIMES Exclusive Insight – KEB Hana Bank of South Korea and Taishin International Bank of Taiwan have demonstrated the transfer of bonus points and purchase of coupons using Blockchain technology, with KEB Hana Bank planning to launch initial service for visitors to the Winter Olympics next February in Pyeongchang, South Korea.

Norwegian Banks Move to Defend Against Global Tech Giants by Uniting Payments Services

NFC TIMES Exclusive Insight –  The “Pays” wallets, such as Apple Pay and Android Pay, have not yet launched in Norway, but Norwegian banks are not waiting for tech giants Apple and Google or other outside behemoths, such as Facebook, to try to gain a foothold.

Shared and Limited-Use Tokens and Other Changes: Tokenization 2.0 Explained

NFC TIMES Exclusive Insight – The second version of EMVCo’s payment tokenization technical framework adds two new token use cases aimed primarily for e-commerce and in-app payments, along with a few new assurance and authentication features, but much of the focus of the version 2.0 has been on restructuring and clarifying issues from the first version of the tokenization framework released more than three years ago, according to EMVCo in a webinar.

First Data Expected to Begin Tokenizing Mastercard-Branded Cards Next Year; Visa More Restrictive

NFC TIMES Exclusive –  Big U.S. acquirer and processor First Data plans to generate its own tokens for Mastercard-branded card accounts next year, NFC Times has learned, and a source says First Data is also in discussions with Visa to do the same, but Visa may not allow the processor to tokenize Visa-branded cards in place of the network’s own Visa Token Service.

Visa Launches Program to Promote Contactless Transit Payments

NFC TIMES Exclusive Insight – Visa has formed a unit to promote use of Visa-branded contactless cards and accounts on NFC phones and other devices, seeing an opportunity to expand on the success of open-loop fare collection in London and plans for the move by transit authorities in a growing number of cities, including New York, to accept contactless credit, debit and prepaid bank cards for fares.

USA Technologies Seeks to Bolster Services, Markets with Acquisition of Cantaloupe Systems

NFC TIMES Exclusive Insight – Unattended point-of-sale vendor USA Technologies expects to close its $85 million deal to acquire competitor Cantaloupe Systems next week, telling NFC Times the deal will add to USAT’s suite of services and expand its international reach.

Orange Cash Gets New Life as Part of Orange Bank App

NFC TIMES Exclusive Insight – As expected, Orange will continue offering its NFC-enabled Orange Cash Visa-branded card with the launch of its Orange Bank mobile service.

First HCE-Enabled JCB Cards to Hit Market in Taiwan in First Quarter

Nov 14 2017

NFC TIMES Exclusive Insight – Japanese credit card company JCB will participate early next year in a mobile wallet from the Taiwan Mobile Payment banking joint venture, marking the first time JCB will support host card emulation in a mobile payments service.