Topic “China UnionPay”

Reports: ZTE Pay to Join Crowded Mobile Payments Market in China

Sep 9 2016

NFC Times Exclusive Insight – Credible reports say that Chinese smartphone manufacturer ZTE plans to join the “OEM Pay” club, and that the company has signed an agreement with payments network China UnionPay to deploy an NFC-enabled mobile payments service in China.

China UnionPay Confirms Support For Huawei Pay

NFC Times Exclusive Insight – Chinese payment network China UnionPay has announced support for Huawei Pay, a deal that could substantially expand the number of banks and payments cards that Huawei could enable for its NFC payments service as it seeks to compete with Apple and Apple Pay.

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.

China UnionPay, Banks Expand HCE-Based Mobile Payments in Advance of Apple Pay Launch

NFC Times Exclusive Insight – Even as major Chinese banks and payment network China UnionPay prepare to participate in what is expected to be the launch of Apple Pay in China in the first quarter, they are expanding their Android-based mobile-payments services using host card emulation.

Major Chinese Banks Tap HCE as Latest Technology to Try to Spur Mobile Payments

NFC Times Exclusive – Seven major Chinese banks have launched NFC mobile payments using host card emulation, or are planning to do so soon, as they and payment network China UnionPay try to roll out mobile payments more widely and guard their turf against such Internet players as Alipay and Tencent Holdings. 

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.

China Construction Bank Launches NFC Payments Using Host Card Emulation, Following ICBC

Oct 3 2015

NFC Times Exclusive Insight – At least one more of China’s big four banks, and perhaps two, have reportedly introduced mobile payments with host card emulation, following Industrial and Commercial Bank of China, which launched HCE-based service in May.

NXP Reports Sequential Drop in NFC Business; Delay in Apple Pay Launch in China Blamed

NFC Times Exclusive Insight – NXP Semiconductors reported its NFC-based mobile transactions business fell in the second quarter compared with the first quarter, with CEO Rick Clemmer apparently blaming the delayed launch of Apple Pay in China, which he indicated is hurting its sales of NFC chips to Android handset makers in the country. 

Hong Kong Telco Launches NFC Payments Service and App; Requires Users to Change SIMs

NFC Times Exclusive Insight – Hong Kong Telecom is the latest telco to introduce its own prepaid mobile payments service and wallet app, which supports MasterCard PayPass for in-store purchases, along with online payments and a peer-to-peer funds transfer service–the latter initiated by NFC P2P mode.

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.

HEADLINE NEWS

American Express Launches Amex Pay in the UK, in Addition to Canada

NFC Times Exclusive – American Express has quietly launched its HCE-enabled mobile payments service in the UK, along with its launch in Canada, which it announced Wednesday, NFC Times has learned.

Apple Pay Launches in Spain with Support from Santander, Mastercard and American Express

NFC Times Exclusive Insight – Apple has continued to expand its NFC payments service, today launching Apple Pay in Spain, with participation from one of the country’s biggest banks, Banco Santander, and two payments networks, Mastercard and American Express.

Australian Antitrust Regulators Reject Big Banks’ Request for Collective Negotiations With Apple

NFC Times Exclusive Insight – In a draft decision, the Australian Competition and Consumer Commission has denied a request from four major banks for permission to negotiate collectively with Apple and boycott participation in Apple Pay during the discussions, with regulators expressing concern that such a position “could reduce or distort competition in a number of markets.”

ABN AMRO Launches HCE Wallet Commercially Following Pilot; Manager: Testing Vital to Ensure NFC Phones Work with POS Terminals

NFC Times Exclusive - AMSTERDAM, the Netherlands: ABN AMRO is the third and last of the Netherlands’ big three banks to launch its own mobile wallet, launching service today for its Maestro debit cardholders, the bank confirmed to NFC Times.

Exclusive: Two More Polish Banks Prepare to Launch HCE Payments

Nov 24 2016

NFC Times Exclusive – Two more Polish banks plan to launch mobile payments using host card emulation technology, NFC Times has learned, adding to a growing list of mobile payments services in Poland, which saw the launch of its first “Pays” service last week with the introduction of Android Pay.

Android Pay Launches in Contactless Hot Spot Poland, but Cards from Only One Major Bank Available to Start

NFC Times Exclusive Insight – Google has expanded its mobile payments service into a sixth market, Poland, targeting the country’s high penetration of contactless point-of-sale terminals. In-app payments will follow, according to the search giant.

Long-Struggling OTI Makes Progress Toward Achieving Profitability; Still Refuses to Give Guidance

NFC Times Exclusive Insight – After years of effort, Israel-based contactless reader and NFC vendor On Track Innovations achieved a rare quarterly operating profit from continuing operations, thanks to cost cutting and a high gross margin, helped by a onetime licensing fee. But it still showed a net loss and the cost reductions may have bottomed out.

Citigroup Announces Citi Pay HCE App as Expected; Launch in U.S. Delayed until Early Next Year

NFC Times Exclusive Insight – As NFC Times reported a month ago, U.S.-based Citigroup is the latest bank with plans to launch an HCE-enabled mobile wallet for Android phones, “Citi Pay,” which will launch in Asia-Pacific first then in the U.S., using Masterpass technology.

Intesa Sanpaolo Expands HCE Mobile Payments Services to Five Countries

NFC Times Exclusive Insight – Intesa Sanpaolo, Italy's largest retail bank, launched its HCE-enabled mobile wallet service in a fifth market, Serbia, in October through its local subsidiary Banca Intesa Beograd and claimed a country first by deploying an HCE-based payments service branded as Wave2Pay.

Samsung Pay Launches Quietly in Canada with ‘Early-Access’ Service from One Major Bank, CIBC

NFC Times Exclusive Insight – One of Canada’s big five banks, CIBC, launched Samsung Pay this week, making its Visa-branded credit cards available as part of an “early-access” launch that Samsung itself hasn’t yet announced.

Samsung Discloses Plans for Samsung Pay Launch in Taiwan; Apple Pay Launch Expected on Island Nation Soon

Nov 9 2016

NFC Times Exclusive Insight – Samsung today disclosed plans in a local forum to launch Samsung Pay in Taiwan next year with several banks and a closed-loop payments service, iPASS, which could be used for transit fare collection. The launch is expected around the first quarter.

Samsung Seeks Global Reach for NFC Transit Ticketing But Must Overcome Tech Challenges, Lack of Standards

NFC Times Exclusive – Samsung has been considering introducing NFC transit ticketing in every market where it has launched Samsung Pay, including the U.S., an