Category Archives: Mobile Payments

Mobile commerce worth $516 billion by 2017

Mobile commerce will drive an estimated $516 billion in sales over the next three years, accounting for more than 70% of all mobile Internet revenue. That is the prediction of a new report from research firm Digi-Capital, which says that all mobile Internet revenue will top $700 billion annually by 2017. The absolute top driver in this picture is mobile commerce. But other drivers include ...
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Has Apple underwhelmed with Apple Pay?

The concept of mobile payments, mobile money, and mobile wallets has been around for some time and many major companies have had a go at it. Some progress has been made but with so many stakeholders needing to collaborate in order to provide a coherent, comprehensive useful mobile wallet ecosystem, a strong catalyst has been lacking – is the launch ...
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Money-On-Mobile surpasses 100 Million unique users in India

Calpian has announced that for the month ending August 31, 2014, its Mumbai-based subsidiary Money-On-Mobile has been accessed by more than 103 million cumulative unique users since its inception with a total of 7.7 million users accessing the service in August. Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their mobile phones to pay for ...
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Amex struggles with mobile payments

A top executive at American Express has acknowledged that the firm’s efforts to engage consumers with mobile payments have so far been a failure – however, as PCM notes, they are certainly not the only big player who has struggled. On the eve of Apple’s unveiling of its new iPhone-based payment system, Josh Silverman, Amex’s president of consumer products and ...
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The most comprehensive hub to accelerate mobile payment

Gemalto has introduced its Allynis Trusted Services Hub, a business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy their value-added and mobile payment services across a comprehensive portfolio of smartphones and mobile networks around the world. Through Allynis Trusted Services Hub customers ...
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Mobile payments go beyond mainstream

According to research by IDC, 1.5 billion smartphones will be in use globally by 2017 and consumers will be doing more than ever on them. As a result, more businesses recognise the importance of delivering quick and seamless mobile payments capabilities to cater to consumers who demand the ability to transact when, where and how they choose. A growing trend Gartner’s Forecast: ...
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Amazon Wallet

Amazon has quietly released a new Android and Fire Phone app, dubbed Amazon Wallet, which lets users scan cards with their phone and save them in the Amazon cloud, so they’re easily accessible when needed. Amazon’s first attempt at its own mobile wallet application, designed for use at POS, has made a quiet debut on the Amazon App store and on Google Play. ...
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Could this be Apple’s biggest innovation since the iPhone?

This spring, Apple CEO Tim Cook offered a vision of the company’s future – to anyone reading between the lines. “We have almost 800 million iTunes accounts and the majority of those have credit cards behind them,” Cook said in a quarterly conference call with analysts. “We already have people using Touch ID [Apple’s fingerprint reader] to buy things across our store, ...
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Apple launches iTunes mobile payments in Japan

In a small step towards Apple’s payments ambitions, and one giant leap for the Apple rumour mill, the high-tech firm has launched an iTunes-backed payments system — in Japan. The company has launched a mobile payment system based on the iOS 7′s Passbook app. Japanese users can now use it to pay for apps through its iTunes-based App Store and for products ...
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TMG builds wearable payments app for Google Glass

Payments processor, The Members Group (TMG) intrigued attendees of the TMG Executive Summit with a demonstration of its custom-built wearable payments app. In a presentation aptly named “The Future of Payments,” TMG Senior Product Manager Brian Day showed financial institution leaders how the app, called See2Pay, works. Built by TMG for use with Google Glass, See2Pay lets consumers make small-dollar ...
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