Category Archives: Mobile Payments

MBNA launch digital wallet with MasterPass

MBNA has, in partnership with MasterCard, launched a trial of a digital wallet. Once the trial is complete in early 2015, the MBNA Wallet could be quickly rolled out to customers. This will enable customers to securely store their credit and debit cards in their ‘e-wallet’ and, at the checkout for their online shopping, select which card to use to ...
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Mobile commerce booming in China

Online shopping via mobile phones has become the main way Chinese people spend their money, with a large number of those living in rural areas jumping on the mobile commerce bandwagon, according to a report by Alipay. The Alipay Annual Spending Report is a report the e-payment firm releases each year that documents the spending trends of the Chinese consumer. According to this year’s ...
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Starbucks testing mobile ordering and payment

The coffee chain Starbucks processes around 47 million transactions each week in its 12,000 US stores, news.yahoo.com reports. According to the source, 7 million of those purchases (around 15%) are made with the Starbucks mobile application. The mobile app, which has been available for several years, is part of Starbucks’ loyalty program. With each purchase, customers receive stars (a sort of ...
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Sixdots goes live with multiple banks in Belgium

9 banks representing 80% of the Belgian market can now make use of Sixdots, a mobile wallet service that uses a combination of QR codes and a 6-digit PIN to make P2P payments, in stores and online. The service is available for both iOS and Android and has been introduced by BNP Paribas Fortis, KBC, ING, Belfius, Fintro, Record Bank, Bpost bank, Hello Bank! and ...
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E-commerce spend to hit £17.4 billion at Christmas

E-commerce Christmas spend in the UK is set to hit a record £74.3 billion, with almost one in four pounds expected to be spent online, according to research commissioned by digital offer marketplace RetailMeNot – operator of VoucherCodes.co.uk. The study, conducted by the Centre for Retail Research, forecasts that online sales at Christmas will grow by 19.5% to £17.4 billion this year, compared to £14.5 billion in 2013, ...
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One Touch mobile payments going international

In September, One Touch mobile payments was announced with PayPal in the US, the industry’s first and only single touch payment experience across Android and iOS. Today, in an effort to help people and businesses connect more seamlessly, reduce friction from buying on mobile and support innovation globally, Braintree are rolling out One Touch with PayPal in Australia, Canada, France, Germany, Italy, the Netherlands, ...
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Mobile no longer an alternative channel

The GSMA has predicted that global smartphones will hit 1.75 billion units by the end of 2014. Mobility has become the hub of computing and connectivity. As smartphone adoption rates grow year after year and broadband penetration becomes a norm in daily life, the banking, commerce and payment sectors are also transitioning through the mobile channel. If financial institutions don’t realize this tectonic shift, ...
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Smartphones key to biometric e-commerce

MasterCard is seeking to partner with Visa to use biometric information to replace passwords for online payments. Existing password-based online security authentication is known as 3D Secure, which the two companies hope to replace with a new, multi-layered approach to authentication. MasterCard’s Bob Reany says this would involve making use of biometric technology such as fingerprint, voice, and facial recognition. ...
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Snapcash service signals growing trend

Snapchat’s introduction of its Snapcash person-to-person payment service in collaboration with Square is indicative of companies’ growing leverage of social media accounts as payment tools. Snapchat’s flagship product is an instant photo messaging system that erases pictures shortly after they are sent, and the addition of the Snapcash money transmission feature gives the service both P2P and messaging app functionality. Facebook ...
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Half of UK consumers using digital wallets

More than half of UK consumers (54%) now say they often or always use digital wallets to pay for goods online. This is according to a survey of 2,000 UK adults commissioned by digital payments experts Skrill. More than one in ten 18-24 year olds (14%) now use digital wallets for every purchase they make online. However, a generational gap ...
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