Global mobile wallet users

Global mobile wallet users to total 2.1 billion in 2019

Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30% from 1.6 billion recorded at the end of 2017, according to a new...
Paytm

Softbank and Alibaba invest $445m in Paytm

The e-commerce arm of Indian FinTech giant Paytm has raised $445 million from Japan's Softbank and China's Alibaba. Softbank is pumping $400 million into Paytm Mall, while Alibaba is contributing $45 million - a year...
voice payments

Voice enabled P2P payments growing through digital assistant

Google recently announced a new Google Assistant feature: the ability to make  P2P payments money transfers  to your friends as well as request cash using voice and Google Pay. The feature is one of a number...
Chinese use of mobile payments

Chinese tourists want to use mobile payments when travelling

Nearly all Chinese travellers (91%) would be more willing to shop and spend at overseas merchants that accepted Chinese mobile payments, according to a new Nielsen report, jointly released by Nielsen and Alipay, which...
Paypal app logo

Mobile payments to make Check out a thing of the past – PayPal CEO

Dan Schulman, PayPal CEO has said that mobile payments are going to “fundamentally redefine” the retail industry and change the way consumers think about the Check out. “Already, it’s starting to do that. It is...
Talking payments at Mobile World Congress 2018

Talking payments at Mobile World Congress 2018

In our increasingly connected world, Mobile World Congress has become more than the venue for the latest smartphone launches. The conversations and demonstrations in Barcelona now have a profound impact on various industries across...
pay in aisle

Co-op trials “pay in aisle” technology with Mastercard

Co-op has unveiled a trial for the future of its shops where customers can check-out their own purchases on their mobile phone using pay in aisle technology, without visiting a till. Time-pressed shoppers will soon...
Apple Pay in China

Apple Pay hits 127 million user mark – falls short of expectations

Apple Pay has an estimated 127 million active global users - representing an increase of more than double the 62 million who used it this time last year, a new report claims. While Apple hasn’t...
China mobile payments

China hits in record $12.8 trillion in mobile payments transactions

Chinese mobile payment transactions reached a record 81 trillion yuan ($12.8 trillion) between January to October 2017, driven by huge number of consumers and merchants who have looked to more convenient cashless systems. The 10-month total...
US banks roll out Zelle P2P money transfer app to take on Venmo

Faster payments equal real-time fraud – the Zelle story

There has been an increasing amount of fraud perpetrated against Zelle, the mobile P2P platform running on faster payments rails and backed by the biggest banks in the US. The scam itself is straightforward, a Craigslist user...

Latest News

Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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