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...
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...
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...
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...
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...
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...
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...
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...
Mobile payments are taking off — and it’s a lesson for us all
Mobile payment methods continue to soar in popularity in the UK following the introduction of new players such as Apple Pay, Android Pay and Barclay’s Pingit.
Together, with the anticipated launch of Samsung Pay coming...