Secure Transactions News

Samsung introduces its mobile payment system for Android called Samsung Pay Mini. The service, available only in South Korea to start, will launch in Q1/2017.

Swiss financial software company Netcetera acquired Austrian mobile wallet provider Nexperts for an undisclosed sum in a bid to increase its footprint in the mobile payments sector.

Ant Financial, the financial technology company controlled by billionaire Jack Ma, announced the acquisition of US money-transfer service MoneyGram International for US$ 880 million (EUR 822 million). This is the company’s second US deal.

Customers of Daimler’s mobility services will soon be able to use a dedicated Mercedes Pay mobile payments platform, allowing them to “easily and securely pay for mobility offerings and services using their smartphones”, the German automotive giant has announced.

Advent International and Bain Capital Private Equity announced that they have signed a definitive agreement to acquire Concardis, a German payment service provider, from a group of German private banks, co-operative banks, savings banks and DZ Bank (cf. Smart Insights Weekly #16-42).

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The European Central Bank (ECB) has launched a market consultation on the user requirement for the development of a settlement service for real-time instant payments in central bank money, billing 2017 as a "decisive year" for the success of innovative retail payments services in Europe.

After a couple of quiet months, Alphabet’s self-driving car project is moving out of the X research lab, gaining a brand and becoming an independent business. The new company is named Waymo and will sit alongside other fledgling business including Fiber, Nest and Verily within Alphabet.

Visa and MasterCard have signed an agreement intended to accelerate the adoption of tokens in Visa Checkout and Masterpass, the companies' respective digital wallets.

Gemalto has entered into agreements to acquire 3M's Identity Management Business for US$ 850 million (EUR 804.6 million).