Category Archives: Mobile Payments

Global mobile payments in 2014

The payments industry is approaching an inflection point with respect to whether the mobile wallet and mobile payments could become a viable every day payment tool. More and more consumers are being introduced to the concept for the first time and many companies are beginning to make their very first mobile-related investments. Below are the five trends that gained in prominence in ...
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Mobile Payment Index reveals Asia emerging as m-commerce powerhouse

Adyen has announced its latest global Mobile Payments Index, which covers the period of July through to September 2014. The Mobile Payments Index, which captures data from web-based transactions across Adyen’s customer base of more than 3,500 businesses, found that globally payments over mobile devices contributed 23.3% of total online payments for the quarter, up from 21.5% last quarter. Asia ...
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Bango and Samsung in global mobile payment partnership

Bango has signed a global agreement with Samsung. The agreement means that hundreds of millions of consumers using Samsung devices will have access to frictionless mobile payment for digital goods – apps, music, games and more – charging the cost to their phone bill in one click. Bango will provide carrier billing, collection and settlement for digital content purchased through ...
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Signature-based mobile commerce payments

Belgium-Dutch start-up Sign2Pay is hoping to help abandoned mobile commerce checkout problems with technology that lets customers complete purchases by signing their names on their phones’ screens. Sign2Pay lets customers with any touch-enabled mobile device pay for online orders at participating merchants by entering their bank account number and scrawling their signature. Money is directly debited from customer accounts. The ...
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Smartwatches face challenges as payment system

A recent GfK survey in China, Germany, South Korea, the UK and the US indicates that people in these countries see potential in using smartwatches to ‘carry’ tickets for passenger transport or as security keys to their computers and online accounts. The ability to transmit healthcare data via a smartwatch is also of particular interest to the majority of people. ...
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Tokenization for mobile payments and mobile wallet services

MasterCard and Visa has recently released the technical specifications for tokenization. Tokenization is the next generation security for mobile cloud based payments and other secure mobile services. “We started the preparation for tokenization to be included in our mobile technology platform early next year. Now we are ready for the next step and we are currently discussing pilots with innovative ...
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ASB and BNZ to launch New Zealand mobile wallet

New Zealand banks ASB and BNZ are to launch a live pilot of a domestic  mobile wallet developed by NFS NZ, a joint venture company established by the country’s leading mobile networks and bank-owned EFTPOS firm Paymark. NFS NZ – whose shareholdrs include Paymark, 2degrees, Spark and VodaFone – has been rebranded as Semble, ahead of a planned national roll ...
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Mobile payments, Smartphones, Smartwatches and wearable tech as new ways to pay

PayPal Canada has released the findings of a national study that shows Canadians are keen to embrace future-forward mobile payments options like wearable devices and smartwatches. The study provides insight on how purchasing habits are shifting to include the use of digital and mobile payments, with close to a third of Canadians (29%) having used their mobile phone to make ...
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Facebook testing mobile payments on Messenger app

Facebook is apparently testing a new feature on its Messenger app that would allow users to send each other money, despite the failure of Facebook Credits. According to screenshots that appeared this week, Facebook Messenger is already equipped to handle fast mobile payments with a user’s registered card details. Andrew Aude, a computer science student at Stanford University, discovered the ...
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UK’s leading retailers to bring mobile payments to millions

UK mobile payment provider Zapp has announced a wide range of retail partnerships across a range of sectors like Asda, Sainsbury’s, House of Fraser, Thomas Cook and Shop Direct (including the very.co.uk, Littlewoods, Isme, Woolworths.co.uk and K&Co brands). “We know that the way that our customers shop is changing and we’re always looking at new and innovative ways to improve ...
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