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Diebold has unveiled an ATM that can be used for cardless withdrawals
USA | January 2013


Diebold, the American ATM manufacturer recently presented its new ATM at the Consumer Electronic Show (CES) in Las Vegas. This innovative machine, which will be tested by banks during 2013, enables users to make withdrawals without a card. Users scan the ATM’s QR code with their mobile phone which then syncs with the ATM via the cloud. After having selected the withdrawal amount on their phone, users then receive, via their smartphone, a one-time code which enables them to withdraw the required cash amount from the ATM. Users can also send money to third parties by transmitting the code to them. This type of machine could help banks save money by reducing the number of bank cards issued.




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ICICI Bank and Vodafone roll out M-Pesa in India

India - February 2014



In India, ICICI Bank and the telecoms operator Vodafone have launched M-Pesa in a certain number of regions. This solution enables users to transfer money and make payments with their mobile phone. It is aimed above all at unbanked or under-banked segments of the population in order to give them access to financial services to which they previously did not have access. In a second phase M-Pesa will be made available across the whole of the country.



News summary compiled by Efma Information Services

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In Spain, CaixaBank, Santander and Telefónica have joined forces to develop digital services

Spain - June 2013



Subject to the approval of the Spanish competition authorities, two banks, CaixaBank and Santander, have agreed to set up a joint venture with Telefónica, the Telco operator. The aim is to develop a range of digital services which will enable retailers to boost sales by connecting with their customers to propose special offers, discounts and promotions. The JV’s other projects include the creation of a mobile wallet. At a later date, other companies may be invited to join the JV in order to develop new projects or facilitate international growth.



News summary compiled by Efma Information Services

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Alipay is trialling wave technology for mobile payments

China - April 2013



The Chinese e-commerce company has installed two drink vending machines on Metro Line 4 in Beijing in order to test a sound wave mobile payment system. To make a purchase, all commuters have to do is select a drink, open their Alipay mobile wallet app on their smartphone and hold the phone next to the vending machine’s sensor. The phone than emits a unique noise to transmit the payment data to the machine. Payment takes less than one minute. Other similar distributors will be installed shortly and, if the pilot proves successful, sound wave payment technology may be extended to other types of retail outlets.



News summary compiled by Efma Information Services

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