This edition of The Mobile Wallet Report looks at how China’s central bank put the brakes on local internet giants’ mobile payment plans, and why Denmark’s carriers think that mobile payments are a business for telcos, not banks.
- Central bank puts the brakes on Chinese internet giants’ mobile payment plans: The People’s Bank of China (PBOC) has put a hold on the QR-based mobile payments services being rolled out by Tencent and Alibaba, citing concerns over the security of the verification procedures used by the firms.
- Danish carriers offer mobile ecommerce payments, plan to expand to physical stores: “We have decided that payment or collecting payment or making payment is not any longer a bank service”, Peter Bredgaard, CEO of carrier-owned Paii, tells The Mobile Wallet Report.
- Tarrytown Pharmacy uses beacons for shelf-edge offers: Shoppers need to wave their phone within six inches of the beacons — which supplier Shelfbucks calls “NFC-BLE” devices because of their short range — to get further information, offers and discounts about the particular product associated with each beacon device.
- PLUS: Apple upgrades iBeacons functionality, Starbucks to add tips and advance orders to iOS app, Tesco pilots mobile wallet, UK banks prepare to launch P2P mobile payments service, and more…
Organisations mentioned include 3, Alibaba, Alipay, Apple, Baidu, Bain & Co, CITIC Bank, Clinkle, Danal, EMVCo, Feedzai, FocalTech, Google, McDonald’s, Mediatek, Nassau Inter-County Express (NICE), Nationwide, Paii, Payments Council, People’s Bank of China, PKO Bank Polski, SAP, Seamless, Seeper, Shelfbucks, Starbucks, Tarrytown Pharmacy, TDC, Telenor, Telia, Tencent, Tesco, Webmoney, Weixin, Yapital and Zhong An Online Property Insurance.
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This item is part of the What's New in Payments Knowledge Centre.