NFC payments in the UK have received a long-awaited fillip in the form of the launch of Apple Pay. The July 14 launch, coming some 8 months after the service made its US debut, had a few predictable hiccups – there was considerable confusion about which cards and banks were accepting the service, and which retailers – but it is likely that the scale of UK activity should exceed that in the US, at least in the short term.
I am, you may have noticed from blogs past, rather an evangelist for carrier billing. It offers benefits to stakeholders across the value chain: operators, merchants, storefronts, consumers. It enables the monetisation of unbanked and underbanked consumers. It allows for the monetisation of content beyond the mobile handset – on tablets, connected TVs, laptops, desktops and games consoles. It results in markedly higher conversion rates than credit card billing.
Latest data from the Smart Payment Association has confirmed that more than 40% of the 2 billion chip payment cards shipped last year had contactless payment capabilities. Meanwhile, the coming obligations EMV obligations for the US saw 185 million card and module shipments to that country in readiness for the transition to CHIP & Pin, representing a sixfold increase on the previous year.
One of the more interesting announcements at the recent Mobile World Congress in the payments space was Samsung’s confirmation that it would be introducing a proximity payments solution in its Galaxy S6 smartphone.
After a brief reincarnation as Softcard, it appears that the NFC provider Formerly Known As ISIS (FKAI) is on the point of being jettisoned by its carrier owners and sold to Google.
Have you bought your Christmas presents yet?
I can tell you that, with cyber-discounts having expanded over an extended period, I was a Black Friday rather than a Cyber Monday shopper this year, buying (text redacted in the unlikely event of Mrs Holden or various children/stepchildren reading this blog).
While much recent press coverage of mobile payment has revolved around the retail space, it should not be forgotten that other areas – such as couponing, money transfer and ticketing – are also gaining strength...
es, it had a 50% faster GPU, and 25% faster processing power, than its predecessor; yes, it offers game in higher resolution than next generation consoles; yes, it has a barometer and can tell you how many steps you’ve walked; yes, it enables seamless transition for Wi-Fi; yes, it has a nice camera. But all the time...
Shopping via a mobile device is about to get that little bit easier. Earlier this week, PayPal unveiled an app payment feature, currently in beta, which enables uses to pay via a single touch to the handset screen.
Let me give you conclusive proof that mobile coupons are the way forward.