Global Wrap: In China, 360,000 Mobile Payment Viruses Detected In 2015

GlobeThree

This week’s wrapup of payments news around the globe brings us to Brazil, China, Nigeria, the Netherlands, France, India, Canada and the U.K..

In China, 360,000 Mobile Payment Viruses Detected In 2015

As many as 25.05 million mobile phone users in 2015 became victims of various viruses in China amid the growing popularity of mobile payment in the country, according to a report from the Tencent Research Institute and reported by ChinaDaily.com.

“Out of 16.7 million new mobile viruses in 2015, about 326,000 viruses were related to payment,” the story noted. “About 71 percent of victims were male mobile phone users, most of them aged between 19 and 35. Residents in Beijing city, Chongqing city, Guangzhou city, Shenzhen city and Shanghai suffered the most in terms of the financial loss from the viruses.”

Nigeria Issues Deposit Insurance Rules For Mobile Payment

Guidelines from the Nigeria Deposit Insurance Corporation (NDIC) make it clear that the government is taking mobile payments very seriously, according to a report in The Nation.

According to that report, here are some of the key proposed rules: “The subscribers of MMOs shall be insured up to the maximum coverage level of N500,000.00 per subscriber per Deposit Money Bank or the applicable coverage level for depositors in line with the NDIC Act; Subscribers’ funds in pool accounts and other deposits in the same institution under the same capacity shall be aggregated and insured up to the maximum coverage limit; The relationship between the MMOs and their subscribers shall be based on Bare Trust Arrangement. (Bare Trust refers to an account where each beneficiary holds a separate share and is entitled to protection within the parameters of the scheme.)”

Gemalto Claims To Be The World’s First Mobile Payment Vendor To Receive “Complete MasterCard Approval For Cloud-Based Payments”

Word out of the Netherlands is that Gemalto is saying that it is “the first mobile payment vendor to receive full MasterCard approval for a complete Cloud-Based Payment (CBP) solution.”

“The consumer lifestyle is increasingly defined by the ubiquitous smart phones and tablets and there’s an ever-growing appetite for secure mobile payment,” said Jean-Claude Deturche, Senior Vice President of Mobile Financial Services for Gemalto. “Gemalto’s MasterCard-approved suite of Cloud-based payment solutions opens another flexible and highly efficient route into this fast-growing market, securely located under the broad umbrella of our proven Trusted Services Hub, the Allynis TSH.”

France’s Ingenico Group Launches Ingenico ePayments

Ingenico said that its online and mobile commerce division combines the former Ogone and GlobalCollect organizations.

Ingenico CEO Philippe Lazare was quoted in the statement saying that “this brand will undoubtedly solidify our position within the eCommerce industry, taking us a step further towards becoming an omni-channel player and bringing added benefits to our merchants.” If you say so, Philippe.

India’s Paytm Creates Merchant Group Dubbed “Paytm Force”

No, it’s not a new comic book group of super heros. Paytm Force, according to a story in The New Indian Express, is a group of more than “3,000 experienced and certified e-commerce specialist partners” who will support merchants with “catalogue creation, order fulfillment, complete account management, returns management and query resolution.”

Paytm said: “Sellers on Paytm can avail of the services by simply booking an appointment online on Paytm’s seller platform PaytmGoBig.com. They can pay a very competitively priced fee to the Paytm Force specialist directly. There are also weekly or monthly service packages that merchants can avail of, depending on their needs.”

UK’s Barclays Embraces HCE Payment App

The Host Card Emulation (HCE) app is being rolled out only—initially—for Android smartphones, noted Finextra.

“The new mobile payment feature – first previewed in September last year – is finally being activated this week, enabling customers to use their handsets for ‘touch and go’ payments at over 300,000 locations in the UK, as well as across the London transport network,” the story said. “Transaction values will be limited to £30, rising to £100 if users enter the PIN on their mobile device.”

Canada’s MiniCheckout Bought By OmNovos

Payment terms weren’t announced, the companies said in a statement. MiniCheckout was described as a Vancouver-based mobile payment specialist.

“With the acquisition of MiniCheckout, OmNovos vastly extends its mobile offering to include many mobile payment options that will enhance its already robust suite,” the companies said. “For retailers, these offerings will include extended integration into a large number of POS systems, as well as greater functionality in marketing automation and real-time predictive modeling.”

Wirecard to Become Strategic Development Partner of Visa Europe Collab

Wirecard Technologies GmbH, “a subsidiary of the leading specialist for payment processing and financial technology Wirecard AG, has announced entering a partnership with Visa Europe Collab, an initiative from Visa Europe that operates Innovation Labs in Berlin, London and Tel Aviv,” Wirecard said in a statement.

“Visa Europe Collab’s specific focus is on designing and creating new products and services through collaboration and partnership with technology and digital organisations from the whole payments ecosystem. As part of these activities, Visa Europe Collab runs Proof of Concepts (POCs), Proof of Technologies (POTs) or Proof of Propositions (POPs) together with partners.”

Starbucks’ Mobile App Debuts In Brazil

In its first mobile payment market appearance in South America, Starbucks rolled out its app at more than 100 stores in São Paulo, Guarulhos, Jundiaí, Campinas, São José dos Campos, Ribeirão Preto, São José do Rio Preto, Sorocaba, ABC Paulista, Santos, Piracicaba, Niterói and Rio de Janeiro.

Starbucks also served up the obligatory self-serving quote, topped with a foamy helping of blindingly obvious thoughts: “Mobile payment is just one example of how we’re continually innovating on behalf of our customers to enhance the Starbucks Experience,” said Bianca Bader, marketing manager for Starbucks Brazil. “A growing segment of our customers here in Brazil are using smartphones, and we’re always thinking of new ways to add value and give them more reasons to choose Starbucks. After great success in other markets around the world, we’re very pleased to be launching our app in Brazil.”

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