Category Archives: Mobile Payments

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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The modern wallet: mobile wallets are making life easier

There’s no denying the impact that digital connectivity is having on our daily routines. It’s changed how we watch video, keep tabs on our health—even the way we connect with our favorite World Cup players. And more recently, digital is starting to transform how consumers pony up cash for their everyday purchases. And for consumers using mobile payment technology, digital is already the ...
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Retail mobile apps slow to adopt payment functionality

In recent years, major retailers have embraced the use of “smart” technology in store fronts. From using tablets at the checkout counter to mobile credit applications, retailers are developing creative ways to utilize technology to drive customer engagement. With over 75% of Americans age 12 to 43 now using a smartphone,1mobile applications have emerged as a valuable, and in some ...
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PayPal announces its app for Android Wear

Not long ago, Google showcased Android Wear, as well as a bunch of smartwatches which will go on sale at the Google Play Store – Samsung Gear Live and LG G Watch. With the launch of the new OS for smartwatches, PayPal is one of the first few to launch a dedicated app for Android Wear, giving users the ability ...
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Prepaid will be a defining force in the future of mobile commerce

The rapid convergence of prepaid and mobile commerce is creating significant opportunities for merchants and other stakeholder groups to push banks and other day-to-day money management service providers down the value chain further and faster than ever before. This is the view expressed by Mobey Forum in The Prepaid Mobile Wallet: Taking Prepaid into Account, the latest instalment in the ...
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ZipZap expands global cash transaction network to 20,000 UK retail locations through Payzone

ZipZap has announced its expansion to the UK through a partnership with Payzone one of UK’s leading consumer payments and cash distribution networks. With this partnership, ZipZap now offers an easy way for UK residents to buy digital currencies at more than 20,000 retail payment centre locations; UK users can also buy digital currencies like bitcoin, Lite coin and Dogecoin ...
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Mobile payments represent 1 in 4 global transactions

Overall, smartphones (10.9%) and tablets (9.3%) together accounted for more than 1 in 5 payment transactions globally in March, although that was up only marginally from December 2013 (19.5%). Retail remains the only sector of 5 examined where tablets (16.5%) have a higher share of transactions than smartphones (9.3%). In the retail sector, the average transaction value on tablets ($113) was ...
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