Topic
Smartphone-based payment services like Apple Pay, Google Pay and Samsung Wallet that store card details and enable tap-to-pay transactions.
Samsung plans USDC transfers in Wallet for late October on 82 million compatible US Galaxy devices, a count its own footnote limits to compatible devices. Funding, fees and the identity screen decide how many phones ever send a dollar.
Reality
Apple Pay launched in India on Axis Bank Visa and Mastercard credit cards only, with Apple reportedly seeking a fee of about 20 basis points per transaction. How far it spreads now depends on bank negotiations and on acquirers enabling terminals one at a time.
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Apple Pay went live in India on 30 September, and at launch the only cards users can add are Axis Bank's Visa and Mastercard credit cards. Until another bank signs up, every Apple Pay purchase in the country runs on an Axis credit card, whatever the merchant or processor.
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BlackRock plans to buy into the PHP 92.3 billion listing of GCash's parent, Bloomberg reported, and the Philippine SEC has cleared Mynt to get there selling only 12 percent of itself at PHP 10 a share.
Reality
American Banker reports that Walmart, the biggest wallet holdout until now, is supporting Apple Pay. Its sources put the cost on issuers whose cards are not the default credential in a customer's phone.
Reality
Eleven states plus Puerto Rico can now put a driver's licence in Google Wallet, while Google still tells holders to carry the plastic card. That leaves identity teams to decide what happens when a customer offers only the phone.
Reality
Eleven years of refusal end on 24 August. The announcement lists cash, credit card and Walmart Pay, and never names the wallet that won.
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