Citi will offer a proprietary mobile payment wallet to digital banking customers in Australia and Singapore by year-end who are Android smartphone users. Citi Pay users will initiate in-store purchases by tapping a phone at NFC-enabled payment terminals or trigger mobile commerce purchases from within a retailer’s app. Online payments at ecommerce sites will likely be added in 2017. There are six million NFC-enabled POS locations worldwide. Australia and Singapore are markets in which NFC-enabled POS terminals are already ubiquitous. Citi Pay is a stand-alone app. It is not embedded in th...