Half of the world will be using mobile wallets in 2025, study

Mobile wallets - person using mobile wallet

From 2020 through 2025, the transactions completed using these apps will break the $1 billion per year mark. A mobile wallets trend report was recently published, indicating that one in every two people in the world will be using this type of app by 2025. By the end of last year, 2.8 billion wallets were already being used by people around the world. Boku, the fintech behind the 2021 Mobile Wallets Report in a partnership with Juniper Research, estimated that the use of these smartphone-based payments will rise by almost…

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Cardknox launches contactless QR code payments

Contactless QR Code payments - QR code being scanned

As the popularity of using smartphones and zero-contact grows, so do the number of services offering it. Using contactless QR code payments at points of sale has become quite commonplace over the last year and a half as businesses and consumers seek ways to transact without touching equipment. Cardknox Development has now announced that its app has become quick response code compatible. As a result, software developers seeking to add contactless QR code payments to their apps will have the means to do so. The Cardknox API makes it possible…

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Antitrust reform legislation to block Apple from stopping pre-installed app removal

Pre-installed app - pre-installed iPhone Apps

The legislation was introduced by Democratic Representative David Cicilline earlier this month. Democratic Representative David Cicilline has introduced antitrust reform legislation that would stop Apple from being able to block its device users from pre-installed app removals. Cicilline is pushing to pass new regulations for technology companies in the United States. By stopping a pre-installed app from being deleted from a device, that device’s manufacturer gives its own applications an advantage over competitors. Therefore, Cicilline is has proposed that tech platforms be prohibited from giving such an advantage to their…

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France turns to QR code sign-ins to trace customers as restaurants reopen

QR code sign-ins - cafe in Paris, France

As bars, cafés and other eating establishments open up, the government is using barcodes for tracing. On Wednesday, France is starting phase 3 of its reopening plan, which includes eating establishments and will involve the use of QR code sign-ins for contact tracing. The quick response codes are meant to help keep track of customers in case an outbreak should occur. On June 9, assuming the situations continues to remain as it is (or better) the government will allow eating establishments, gyms and swimming pools to open. The curfew will…

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Smartphone demand gives Qualcomm revenue a massive shot in the arm

Smartphone demand - Qualcomm Snapdragon processor for mobile

The company’s revenue spiked by 52 percent, driven primarily by handset shipments. Smartphone demand over the last year has sent Qualcomm revenues and share prices skyward as the chipmaker saw massive fiscal second quarter earnings. The company’s recent earnings report substantially exceeded analyst estimates for the quarter. The company’s share prices rose 6 percent on the news of its fiscal Q2 earnings in 2021. The company’s high revenues are credited to the massive smartphone demand as a result of the global pandemic. Qualcomm saw an adjusted $1.90 per share, when…

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