A couple of months back, Google introduced a brand new mobile payments app exclusive to India. The country's banking landscape is a little different to many of the territories that currently have access to Android Pay, and so it needed a different approach. Until now, Tez has only been able to pay participating merchants or transfer between users, but it will soon be possible to pay utility bills, too. Read More
We've known for a while that WhatsApp has been prepping a built-in payment service for its users in India, and the beta version of the app is now showing the new payments interface. The feature plugs into the UPI (Unified Payments Interface) program that includes many of the country's most popular banking institutions.
Although not officially announced by the company yet, beta testers have noticed a payment option in the attachment menu between Document and Gallery. According to TechCrunch, iOS users have been able to make payments with the service already. Gizmo Times has tried this out on Android, but it shows a "Couldn't add bank account" error message (below right). Read More
Thanks to a government-backed platform called UPI (Unified Payment Interface), developers are able to more easily integrate digital payments for India into their apps. Google's Tez uses UPI for bill payments, and social app Truecaller added the functionality in a recent update. The country's most used messaging app shouldn't be too far behind as Facebook-owned WhatsApp could be ready to offer a payment solution based on UPI as early as next month. Read More
Mobile banking is great. You can deposit checks and move money around, all without having to go to a physical bank location. Chase is now adding even more features to its app, including the ability to request new cards when they're lost or stolen and to prevent card blocks when you travel. Read More
Facebook Messenger users in the United States have been able to send money to each other from within the app for quite some time, and that same functionality is now finally making its way to other territories. If you're lucky enough to live in the UK or France, the Send Money feature should be available to you soon, rolling out over the next few weeks. Read More
If you're outside the UK, you're unlikely to have heard of Monzo. It's a so-called challenger bank, one of the several startups attempting to disrupt the banking industry in the UK. It's all based around its excellent app – there are no branches. It's pretty popular, too, with the majority of my London-based friends seemingly signed up for the service.
To begin with it was just a prepaid MasterCard that you would need to top up from your normal bank account. The benefit of doing so is that the Monzo app is great for budgeting, monitoring spending, and quickly paying friends. Read More
Android Pay is always striving to add new banks and credit unions, and in the case of the United States there's an awful lot to get through. Just recently, 24 new institutions were added to the service, and now a further 16 have also made the cut. You should be notified by your bank when they add support for Android Pay to your card, but just in case, why not take a look at the list to see if you're one of the lucky ones. Read More
Android Pay has become a popular method of digital payment since its launch in the US and Europe. It hasn't been launched in India, however, where the mobile payments landscape is a bit different. A government-endorsed platform called UPI (Universal Payments Interface) is widely used in India, with banks, e-commerce sites, and even tech companies like WhatsApp and Truecaller launching payment services based on it, hoping to grab a slice of the lucrative pie. Google is almost ready to enter this crowded space, with the launch rumored to be happening on Monday September 18th. Read More
Using biometric authentication for banking logins is nothing new. It adds a level of convenience with only a slight decrease in security, although I find it only a bit faster than using a PIN. Apps like PayPal and USAA have had it for some time, and Discover is finally joining the party. Read More
Banking apps are traditionally terrible and slow to adopt new features. That has never been the case with Simple, and the developers are reminding us of that with an update that (among other things) adds support for Nexus Imprint. Read More