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Smart card IC shipments to reach 12.7 billion in 2019

Shipments of smart card integrated circuits (ICs) are projected to increase from 9.6 billion in 2014 to 10.4 billion in 2015 and to 12.7 billion in 2019, according to research from IHS Technology. The key end-user sectors that will drive growth over the next five years include payment and banking, e-government and healthcare, subscriber identity modules (SIM) and transportation. In… Continue reading >>

Citibank India and MasterCard launch Citi MasterPass

Citibank India and MasterCard announced the launch of Citi MasterPass, the first global digital wallet in India, making Citibank debit and credit card customers the first in the country to be able to shop at more than 250,000 e-commerce merchants, located in India and worldwide. “Over the last two years, we have seen an increase of over 76% in e-commerce transactions… Continue reading >>

ING Bank launches voice biometric payment system

While banking customers have already been able to use the voice control mode on the ING Netherlands app, now they can also make voice-activated payments leveraging voice biometric technology. A smart alternative to PINs and passwords, voice biometrics makes mobile banking easier in the ING Netherlands mobile banking app. Over 100,000 ING Netherlands’ customers already use the virtual assistant in… Continue reading >>

Regulation helps drive continued expansion of China ATM market

China remained the world’s largest ATM market in 2014, with installations increasing by 18% to reach 615,000 ATMs. The research by RBR also notes the significant impact that government regulation and guidance is having on banks’ ATM deployment strategies. Bank ATM deployers continue to expand their fleets to keep up with huge customer demand – the adult population grew by five million… Continue reading >>

Global smartphone shipments increase 11.6%

Global smartphone shipments rose 11.6% year-on-year in the second quarter to 337.2 million, according to market researcher IDC. This is the second highest quarterly total on record, with growth sustained after a strong Q1 by robust demand in many emerging markets. IDC said more affordable smartphones, often from local vendors, were driving the growth in the market, rather than the… Continue reading >>

Equity launches thin SIM mobile money service

Equity Bank has launched its telecommunications services under Equitel, the brand name for its fully-owned subsidiary Finserve Africa. The largest lender by customer base has been issuing ordinary SIM cards at its banking halls since October last year after its planned roll out of controversial thin-SIM technology was temporarily paralysed by a court injunction. By last June, subscribers on primary SIM cards had… Continue reading >>

Innovation in payments initiatives

A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile first has now become mainstream, while innovative disruptive technologies such as block-chain will potentially become a very attractive alternative to traditional payment methods, transforming payment processing and acting as significant… Continue reading >>

Apple e-commerce platform based on your credit card balance

Who said payments wasn’t sexy? Just weeks after applying for a new P2P payments patent and the launch of Apple Pay in the UK, it is rumoured that Apple has filed yet another payments related patent. For a company whose CEO has repeatedly asserted that it is not interested in selling its customer data to advertisers, Apple is putting a… Continue reading >>

The millennials have arrived

The digital decade has re-shaped industries as far afield as healthcare and retail. By contrast, the financial services industry has remained relatively unaffected, until now. With a generation of ‘digital natives’ now coming of age however, what does this mean for the future of banking? And how should the world’s banks respond to the shifting expectations of the millennial generation? “The… Continue reading >>

Payments in the spotlight at RBTE 2016

RBTE, Europe’s largest retail solutions gathering will be putting an even greater focus on the topic of payments for its 2016 event. Since its launch RBTE has been the leading merchant facing payments exhibition with over 40 retail payments specialists exhibiting and a dedicated payments conference theatre as part of its overall offering. In 2016 however RBTE will have a… Continue reading >>