Mobile wallet platforms Apple Pay and Google Wallet both
picked up more merchants
Apple Pay said in its mid-week update that it picked up Acme, Firehouse Subs, T-Mobile, Davis Food & Drug, GameStop, Luby’s, Rubio’s and the Phoenix Suns’ US Airways Center. That brings the total of Apple Pay merchants to 68, with another 13 in the works, including Marriot, LL Bean and Pep Boys, according to PYMNTS.
But even with so many merchants partnering with Apple Pay, there’s still a long way to go for the mobile payments service. Currently, less than 3% of US merchants accept near field communication (NFC), which is what Apple Pay uses to complete transactions. That will change, however, as more US merchants convert to EMV terminals ahead of the October liability shift; EMV terminals are equipped to also accept NFC payments.
Meanwhile, Google Wallet announced that Dunkin Donuts and Seamless have integrated its in-app payments service into their Android apps. These merchants join more than 30 retailers that Google Wallet has developed in-app payments for, including Papa Johns and Panda Express. Google has also been integrated into the merchant platforms for Shopify, ChowNow and Shopgate. Retailers who use those services can now provide Google Wallet as a checkout option.
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
SWIFT has announced that it has successfully completed the first phase of the global payments innovation (GPI) initiative pilot, clearing the way for the go-live of the service in early 2017.
A recent Gallup poll found that respondents identified the 'economy in general' as their biggest concern.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.