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Wirecard provides paytech to Orange Bank

Orange Bank

France’s latest mobile bank, Orange Bank, is getting its mobile payment and banking services underpinned by Wirecard. The paytech vendor says it is providing “all the technical components integrated into the Orange Bank platform to manage their mobile payments”.

Top fintech stories this week – 3 November 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

NYC public transport set to go contactless

New York to roll out a contactless fares system across its public transport network, based on the system developed by Transport for London (TfL).

GPS goes for luxury payments with wearables for Armillion

Armillion

Global Processing Services (GPS) has announced an agreement with luxury jewellery brand Armillion to incorporate contactless payment technology into its exclusive high-end bracelets.

Timex and Barclaycard collaborate to create contactless payment watch

Timex and Barclaycard have partnered in true style to produce a new range of contactless payment watches. The Fairfield Contactless promises to be a perfect fusion of style and smart functionality. Coming in at a retail price of £159, it’s all about the leather bPay embedded strap, which brings wearable technology to the wrist. bPay […]

Mastercard pumps up payments with Fitbit’s first smartwatch

Mastercard

Mastercard is bringing its contactless payments to Fitbit’s first smartwatch, Fitbit Ionic.

Juniper predicts major global shift to contactless on heels of US EMV push

mobile-contactless

A new study from Juniper Research is forecasting that more than half (53%) of global transactions at the point of sale will be contactless within five years, compared with just 15% this year, reports Banking Technology‘s sister publication Paybefore. The new research, “POS & mPOS Terminals: Vendor Strategies, Positioning & Market Forecasts 2017-2022,” expects adoption in the US […]

Mobile contactless transactions hit £370m in UK in H1 2017

Is there fintech life outside London? Yes, there is. And it is vibrant!

Mobile contactless transactions in the UK topped £370 million ($476 million) in the first six months of 2017, a whopping 336% year-on-year increase, according to the latest transaction data from payments processor Worldpay. Banking Technology‘s sister publication Paybefore reports that although the use of mobile devices to make in-store payments has been growing steadily since […]

FitPay and Mastercard take prepaid to wearables and IoT

FitPay

FitPay Inc, a US-based provider of payment, credential management and authentication platform services, is planning to offer prepaid capabilities on wearable and other devices connected to its FitPay Payment Platform.

Mastercard makes digital payments push in Asia-Pacific transit

Mastercard

Mastercard is making headway in advancing digital payments for transit passengers in Australia and bike-sharing consumers in Singapore.

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