Mobile payments

Few companies can claim to have created a wildly successful mobile wallet app. Even fewer can claim to have done it twice in a row.

More mobile wallet consortiums failed last month, with two folding in New Zealand and Canada, escalating doubts about the prospects for cooperation among competitors in mobile payments.

DMI Inc., a mobile technologies software developer based in Bethesda, Md., has announced a collaboration with Cambodia-based mobile banking provider Wing for a mobile app enabling consumer and commercial funds transfers within the country.

Many times, bitter rivals must set aside their differences for the common good. This has happened a lot in recent years as the payments industry adjusts to the fast pace of innovation.

HSBC may seem like an enthusiastic supporter of third-party wallets, taking the rare step of supporting Apple Pay, Android Pay and Samsung Pay. But these partnerships may prove to be mere stepping stones for a much bigger mobile strategy.

Payment Data Systems (PDS), a San Antonio, Texas-based payment solutions provider, has introduced a streamlined approach for mobile app developers to enable payment acceptance from all Apple Inc. mobile devices.

There may be bumps along the way, but PayPal, Mastercard and Visa all share the same goal, according to Mastercard CEO Ajay Banga.

Seven months after disclosing a test enabling Venmo P-to-P users to buy goods and services in-app, the PayPal unit has rolled out the "Pay with Venmo" feature to all users and expanded the list of participating merchants.

Apple plans to enable Apple Pay on its Safari Web browser by this fall, enabling users to make purchases directly from websites, but its vision for taking Apple Pay to the Web does not seem to extend much further.

Mastercard has announced a partnership with Singapore’s mass-transit agency, Land Transport Authority (LTA), for a contactless payment pilot, marking the first example in Asia of a transit system enabling open-loop payments, Mastercard said.