Tag: Mobile payments
A new study by UN-based Better Than Cash Alliance has revealed that Alipay and WeChat Pay facilitated $2.9 trillion in Chinese digital payments in 2016. According to a recently published study by the UN-based Better Than Cash Alliance, Alipay and WeChat Pay enabled an astonishing $2.9 trillion in Chinese digital payments in 2016. A 20-fold […]
Mobile Payments are going the wrong way. It appears that the usage of Apple Pay on the iPhone is now declining compared to where it was in June 2016, sending a worrying signal for the outlook for mobile payments in general. The most recent data from PYMNTS.com (see here) shows that both adoption of Apple Pay […]
“Mobile payment propositions vary across markets – the emerging market model is likely to be the most disruptive to MNOs and the financial system.” Banking characteristics (e.g. debit card penetration, ATM availability) across developing, emerging and developed markets vary significantly, resulting in different mobile payment business models in these markets (see Figure 1 below). Figure […]
STOCKHOLM (Reuters) – Mobile payment solutions business iZettle’s growth strategy is continuing apace, it said on Thursday, citing an 81 percent leap in revenue last year. One of Europe’s fastest-growing tech start-ups, iZettle is among a group of fledgling fintech businesses taking on traditional banks. The revenue increase came at a cost, however, with its […]
A funny thing happened on the way to the Tomorrow’s Transactions Forum. I arrived in good time (it’s always best to add on a few minutes to give yourself time to buy a ticket) for the 7.39 Flying Glacier to Waterloo via Misery and Degradation. Hurrah!When I got into the ticket hall I discovered that […]
Statistics about the growth, potential and size of the mobile payments market are everywhere. It is enormous – mobile commerce transactions are set to hit $142 billion next year, according to Forrester. Mobile payments are growing 40 percent, year on year according to Juniper Research and mobile retail purchases will exceed an eye watering $700 […]
When you read headlines such as ‘Mobile payments enhance customer experience’ you tend to hit delete. Most articles that have ‘customer experience’ in the title tend to get the same treatment. They are generally ‘fluffy’ and have some catchy tagline which tells you that there are ‘ten ways you can improve customer experience right now.’ […]
Facebook is to launch P2P Money Transfer from Facebook Messenger, online and via Android smartphones. By the end of the year people in the US will be able to send money with no fees, using a Visa or MasterCard debit card. If Facebook has not yet made it big in payments, this is not for […]
Without doubt our attitude is changing towards mobile payments. The question is how far and how fast would we go. Would we, for instance, buy a pink fluffy sofa with a mobile device? When the idea of mobile phones becoming payments mechanisms was still an idea, there was a memorable advert outside the Palais de Congres […]
(Reuters) – Samsung Electronics Co Ltd said it would buy mobile wallet provider LoopPay as it tries to gain a share in the mobile payments market, which its archrival Apple Inc recently entered with Apple Pay. LoopPay’s technology can turn existing magnetic-stripe readers into secure, contactless receivers with no investments in new infrastructure required by […]
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