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Mobile payments popularity will be greater than credit cards in two years

Mobile payments popularity will be greater than credit cards in two years

(adsbygoogle = window.adsbygoogle || []).push({}); A new U.N. report underscored the skyrocketing growth of PayPal, Alipay and other blockchain based transaction systems. A United Nations report indicates that by 2019 mobile payments popularity will “overtake credit cards” in terms of online shopping use. The report pointed to blockchain using systems as primary drivers for the popularity of mobile transactions. The United Nations body released a report saying that digital currency systems of payment will see greater use in e-commerce … Read entire article »

Filed under: Featured News, International, Mobile Commerce, Mobile Payments

Scanning QR codes lets Chinese motorists pay to have stolen car mirrors returned in new scam

Scanning QR codes lets Chinese motorists pay to have stolen car mirrors returned in new scam

Thieves demand cash by way of quick response code to give back stolen vehicle side mirror glass. Chinese thieves stole glass from car side mirrors, telling victims scanning QR codes to make a payment is the only way to have the property returned. The motorists were told to pay anywhere from $45 to $105 to have the glass from the mirrors returned. Police in Xian, a city in central China, are investigating reports of extortion efforts by local … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

QR code transactions grew by 400 percent this year, says MobiKwik

QR code transactions grew by 400 percent this year, says MobiKwik

The quick response code usage growth rate is credited to the ease of barcode deployment and scanning. MobiKwik, a large mobile wallet provider in India, has announced that QR code transactions have grown by 400 percent throughout 2017, so far. The company credits the simplicity of quick response code deployment and use for the rapid growth rate. The mobile wallet company has launched its services throughout India based on QR codes. “QR codes will drive digital payments in … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Facial ID proves unpopular among consumers as a mobile payment security verification

Facial ID proves unpopular among consumers as a mobile payment security verification

A new Juniper Research study revealed that over 40 percent of iOS users don’t want to use this security tech. More than one in three iOS device users in the United States do not intend to use facial ID technology as a part of their mobile payment security. This, according to Juniper Research survey findings. The findings suggest that Apple’s own customers may not feel comfortable with the new facial recognition tech. Facial ID tech is among the … Read entire article »

Filed under: Featured News, Mobile Commerce Security, Mobile Payments

QR code money transfers allow Chinese panhandlers to accept mobile payments

QR code money transfers allow Chinese panhandlers to accept mobile payments

As China progresses toward a cashless society, people begging for money won’t be limited to change. A new way of accepting QR code money transfers will give new options to panhandlers in China. Individuals begging for change have found that as the country becomes increasingly cashless, fewer people have cash handy to give. A growing number of people in China have been using mobile payments, reducing the cash they carry. As a result panhandlers have found that people … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

QR code bill payment method to launch through Tata Power

QR code bill payment method to launch through Tata Power

This will make the company the first Indian power utility to use quick response codes in this way. Tata Power recently announced that it is going to be the very first power utility to use a QR code bill payment system in India. The quick response codes are meant to make it more convenient for customers to pay their invoices. “Tata Power has become the first power utility to introduce QR code service for bill payments in Mumbai,” … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Venmo QR codes launch to make it easier for users to share their profiles

Venmo QR codes launch to make it easier for users to share their profiles

The new quick response codes are supposed to help users connect with their friends more quickly. New Venmo QR codes recently rolled out for users of the mobile payments app. The idea is to use the quick response codes simplify the process of finding their friends within the application. The QR codes are available in both the Android and Apple iOS versions of the Venmo mobile app. All users need to do to use the Venmo QR codes … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments, QR Codes

Skype mobile app offers PayPal payments in latest update

Skype mobile app offers PayPal payments in latest update

The digital wallet’s partnerships are continuing to pile up with the messenger/voice application joining the mix. PayPal has announced that it has entered into yet another partnership as Skype mobile app users will be able to send money to recipients in 22 countries worldwide. The latest version of the Skype application makes it possible for users to send money to other users via PayPal. This represents a significant boost in PayPal’s reach as Skype’s app currently boasts … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Starbucks mobile payments now account for 30 percent of the coffee chain’s transactions

Starbucks mobile payments now account for 30 percent of the coffee chain’s transactions

The Seattle based quick service café recently reported posting $5.7 billion in third quarter revenue. Starbucks mobile payments are continuing their steady trend toward increasing usage, according to the coffee chain’s most recent quarterly earnings report. The third quarter earnings at Starbucks were reported to be $5.66 billion, representing an 8 percent increase. That said, despite the healthy rise over the same quarter last year, Starbucks missed its predicted target of $5.76 billion. The company’s non-GAAP earnings were … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Mobile payments growth gap barely there between millennials and older generations

Mobile payments growth gap barely there between millennials and older generations

Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by the willingness of the … Read entire article »

Filed under: Featured News, International, Mobile Payments, Trends

J.P. Morgan Chase and PayPal mobile payments deal announced

J.P. Morgan Chase and PayPal mobile payments deal announced

Two giants in the payments industry are now working together – as well as competing – under a new agreement. J.P. Morgan Chase and PayPal mobile payments – two companies among the highest profile firms in mobile wallets – have announced a new partnership within their continuing competition. They have now developed terms for a new deal that they announced at the end of last week. This agreement expands the Chase Pay mobile wallet service reach from … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments