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...
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 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 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...
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
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...
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 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 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...
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...