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Google launches mobile payments app Tez in India
Google has launched a mobile payments app dubbed Tez in India, saying it will work on both Android and Apple smartphones. Tez allows users to make money transfers to each other and to buy goods from physical stores and mobile websites. It is based on the country’s Unified Payment Interface (UPI) standard – a government-backed [...]
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Zelle claims 4m users and mobile P2P payment app
Zelle, the bank-based mobile P2P offering operated by Early Warning says more than 4 million people have enrolled in the mobile based payment network backed by many of the US’s largest banks, since its launch in June. That is according to Melissa Lowry, a vice president at Early Warning Services, the bank-owned company that runs Zelle. [...]
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EMEA retailers set to increase investment in payments
55% of retailers and merchants in the EMEA region are planning to increase their investment into new payments capabilities in the next 18 to 24 months, according to the 2017 Global Payments Insight Survey: Merchants and Retailers by ACI Worldwide and Ovum. The report, which surveyed more than 260 EMEA retailers and merchants across industries such [...]
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The rise of the mobile channel – Mobile wallet security
Following on from our previous mobile wallet post, consumer perceptions of bank-based mobile wallet security vary across the globe, though in general consumers have a high degree of confidence in the security of mobile wallets. In most geographies surveyed in the Aite report, roughly 80% of consumers report being at least somewhat comfortable with mobile [...]
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UK’s largest retailer launches Tesco Pay+
The UK’s largest retailer, Tesco, with £54.4m in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+ will follow later in September. Launched in 2015, the PayQwiq digital wallet app allows customers to pay for their shopping in a simple and fast [...]
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