Friday, December 6, 2019
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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...

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...
Asia payments

A fresh look at Asia’s payment landscape

Digital payments are growing rapidly in Asia, fuelled by increasing smartphone ownership and improving access to the internet. An increasing array of solutions such as digital wallets, mobile payment apps and stored value cards are...

Alternative payments to overtake credit and debit card payments globally

WorldPay has launched ‘Your Global Guide to Alternative Payments (Second Edition)’, an in-depth study of the global payment landscape. The study found online purchases made using alternative payments (any form of payment other than credit or...
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...

Barclays launches ‘Hello Money’ in Kenya

After launching 'Hello Money' in India in Q2 2008 Barclays is now launching the service in Kenya with Safaricom. Barclays claim the service 'breaks away from the traditional methods of mobile banking and takes consumer...
More than 6 billion smartphones by 2020

US mobile payments projected to grow (from small base) 80% by 2020

Although the mobile wallet ecosystem is maturing, in-store mobile payments haven't yet taken off. Consumer disinterest, coupled with delays in fully implementing the necessary infrastructure, are preventing mobile wallets from achieving mainstream adoption. While neither...
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...

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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