Category: Mobile Payments

Many referred to mobile payments to be NFC technology but there are other avenues that many businesses are taking to keep up with this trend. For instance, some have used QR codes on bills that resolve to a mobile site enabling a secure mobile payment.

QR code payments could break $3 trillion in 3 years

Jorge Gonzalez
QR code - Paying via QR code

A new Juniper Research forecast suggests that the mobile transactions will reach the milestone by 2025. QR code payment trends have shown that the transaction method is taking off, even if it has experience broken global growth over the last few years. Quick response barcodes have been used for payments far more in some regions than in others. The low-cost, easily recognizable and simple to use technique of QR code payments have high appeal to many merchants and consumers globally. Though the popularity differs from one region to the next.…

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Apple mobile wallet practices hurt competition, says EU regulators

Sam Lambert
Mobile wallet - Back of iPhone - Blue case

The European Commission’s preliminary findings were that the policies harmed competition. European regulators have notified Apple Inc. that its mobile wallet practices were, in their initial view, harmful to competition. The preliminary findings of the European Commission do not “prejudge the outcome” in antitrust investigations. The European Commission (EC) announced in a news release that it had advised Apple “of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.” The focus of the concerns expressed about the payment app had to do…

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Gen Z prefers mobile wallets to cash and bank accounts

John Montgallo
Mobile wallets - Person paying with mobile

Millennials are also open to accepting digital transactions as well as cryptocurrency. As the American government takes steps to adopt but also regulate cryptocurrency, research is showing that some people in the US and a dozen other countries are more willing to use mobile wallets with those digital coins than others. Younger customers find crypto to be more appealing than cash and bank accounts. Survey results from global payment platform provider Thunes recently showed that Gen Z is interested in using cryptocurrency for making purchases and investments, among other transactions.…

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Block is working on creating a new crypto wallet gadget

Sam Lambert
Crypto Wallet - Cryptocurrency

Jack Dorsey’s company formerly known as square is using a hexagonal device for the purpose. Block, Jack Dorsey’s mobile payment company formerly called Square, is currently working on a new gadget that will work as a crypto wallet. The hexagonal device has a finish that makes it look as though it is one of several types of rock. These hexagonal rock-like crypto wallet gadgets are equipped with USB ports and, according to an image tweeted by Block hardware head Jesse Dorogusker, it may also feature a fingerprint reader. That said,…

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More than 1 in 4 patients want to use mobile wallets for healthcare payments

Jorge Gonzalez
Mobile wallets - Mobile Payments - credit card

A recent study showed that 28 percent of US patients would like to pay digitally or by app. According to the results of a recently conducted payments study, 28 percent of US patients would like to be able to make medical payments using mobile wallets or digital transactions. One of the biggest points of friction patients suffer in accessing medical care is in making payments. Certainly, the cost of care is a heavier burden, but the transaction methods available can also add substantial friction to a patient’s ability to conveniently…

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