Geoffrey Laloux’s Post

The European #mobilepayments landscape is undergoing a significant transformation as leading providers BLIK and Swish unveil plans to expand their iOS NFC payment capabilities. With Android users already enjoying seamless tap-to-pay functionality, both systems are now turning their attention to iOS users following Apple’s recent decision to open its NFC technology to third-party providers https://lnkd.in/d2DPgAsz

kevin. Triumphs with First Account-to-Account NFC iPhone Transaction Pavel Sokolovas, co-founder of kevin., articulates the magnitude of this moment: “Breaking through the final barriers of NFC payments on iOS devices represents a true watershed moment. We’re immensely proud to be the first to provide account-to-account transactions using Apple’s NFC, giving consumers the power to choose how they pay.” https://lnkd.in/g3aKygCK #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

How will Apple’s decision to open NFC capabilities to third-party developers with iOS 18.1 reshape the fintech landscape? Jeff Harbourne, Head of Personal Banking at Permanent tsb and fintech analyst Garrett Clifford highlight the potential for new payment solutions and digital identity innovations. #NFC #MobilePayments #iOS18

More NFC and payment use cases are coming to iOS devices. What does that mean for a #bank or #creditunion? Increasingly, commerce is moving from physical methods of payment (cash, check and swipe) to digital transfer (tap and online). “Using the new NFC and SE (Secure Element) APIs, developers will be able to offer in-app contactless transactions for in-store payments, car keys, closed-loop transit, corporate badges, student IDs, home keys, hotel keys, merchant loyalty and rewards cards, and event tickets, with government IDs to be supported in the future,” Apple added. Customer will expect to be able to transact solely on their phone and not have to reach for a wallet. Businesses will accommodate in order to meet customer expectations. The #banks and #creditunions that help #smallbusinesses make the transition will win market share and grow deposits. #smallbusinessbanking #digitalbanking #payments #taptopay #bankingindustry https://lnkd.in/gjw9VPw5

Is mobile the future of payments? 👀 According to Laure-Anne Neven CCO at Bancontact Payconiq Company, the most significant growth area in the payments industry is mobile payments. While physical card payments will still exist in the next decade, the shift toward mobile payments is undeniable. Since the launch of Bancontact mobile in 2014, 87% of all Bancontact online payments are now made via mobile devices. The success of payment methods like Payconiq and Apple Pay in Belgium further highlights the growing preference for mobile payments, both online and in-store. As we move towards a more digital future, embracing mobile payments will be crucial for businesses to meet consumer demand for convenience and security. Watch the video below to hear more from Laure-Anne 👇 🎥 #Payments #MobilePayments

Next chapter of digital payments and commerce is set to kick off. Does your merchant or banking app enable commerce or does it just provide balances? Can you support split tender transactions? Can you aggregate balances to increase purchasing power? What is your customers payment graph? #Finxact #OPTIS #VisionNext #Fiserv #mCards

Half of all contactless payments made using mobile wallets in Ireland In the 12 months to June, a total of 1.4 billion contactless payments were made, valued at almost €25 billion. 732 million of these payments were made using a mobile wallet, valued at just under €14 billion. A higher share of younger age groups prefer mobile wallets, with more than half of 18-24 year olds saying their smartphone was their preferred payment method. Dublin is leading the way in terms of the number of contactless payments per capita in Ireland at 395, more than 40% above the national average. This was followed by Carlow, Limerick and Waterford. https://lnkd.in/eTyW4hRe

Exciting news for digital wallet Users and Developers! Apple's latest update paves the way for a more seamless contactless payment experience. Developers can now integrate HCE (Host Card Emulation) technology into their banking and wallet apps, enabling users to make secure and convenient payments with their iPhones or Apple Watches. This is a significant development for the digital wallet landscape. It empowers users to choose their preferred payment app and enjoy a faster, more streamlined checkout process. Additionally, it fosters competition and innovation within the mobile payments industry, ultimately benefiting consumers. Here are some of the opportunities this update unlocks: 1. Enhanced convenience: Users can make contactless payments with their smartphones, eliminating the need to carry physical cards. 2. Increased security: HCE technology ensures secure transactions through tokenization, protecting sensitive financial information. 3. Greater choice: Users have more control over their payment options, selecting the app that best suits their needs. 4. A boost for innovation: This update encourages developers to create even more user-friendly and feature-rich payment apps. I'm thrilled about the positive impact this will have on the digital wallet ecosystem. It's a win-win for both users and developers, promoting a more digital and frictionless future for payments. #digitalwallet #payments #السعودية #apple #innovation

Exciting to see Tap on Own Device (ToOD) in action! With the pilot solution from Visa, consumers in Latin America and the Caribbean can pay for online purchases by just tapping their Visa debit, prepaid or credit cards on their own NFC-enabled Android cell phones.     The next leap for #SoftPOS offers multiple benefits:  ✔️ No storing of sensitive credit card details on merchants’ website  ✔️ Lower fraud risk with card-present transacting  ✔️ Less friction during checkout    At #Mypinpad, we see multiple use cases for ToOD and are currently conducting several pilots around the world to investigate where ToOD and card-present transacting can work together effectively to improve transaction security and user experience.    https://lnkd.in/dKP8kqB6    #payments #technology 

Why Should MNOs Choose VeryPay? ✅ The only wallet companion solution that makes a closed loop payment system and token management system available to any eWallet operator using simple, ready-made, brandable apps. ✅ VeryPay fosters financial inclusion and increases mobile money adoption by enabling secure and convenient tap-and-go payments for consumers and merchants who may lack access to traditional banking systems. ✅ Cost-Effective: The solution is quick to deploy and avoids the high costs associated with traditional payment methods. ✅ Reaching last-mile users: Extends the use of a mobile wallet with group-sharing functionality to capture populations without smartphones or access to mobile money, e.g. the young or elderly. ✅ An “all-in-one” sector-agnostic hybrid payment solution, allowing merchants to use a smartphone to conduct all transactions from the operator’s branded closed loop cards, as well as accept EMV payment cards. ✅ Creates digital financial records for merchants to increase credit access. #mobilepayments #mobilemoney #paymentsolutions