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Top mobile payments app users are Millennials

Top mobile payments app users are Millennials

In China, this generation is leading the way in the use of smartphones as credit and debit cards. A recent study has revealed that mobile payments app use is greatly driven by Millennials. The research indicated that Chinese device users between the ages of 21 and 39 are top users of these applications. Mobile wallets are seeing the highest use by device owners from 21 to 29 and 30 to 39 years old. eMarketer conducted this research and … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

QR code transactions complete new Fintech Bank Bunq mobile payments

QR code transactions complete new Fintech Bank Bunq mobile payments

The bank’s new solution has integrated the quick response codes due to their security and versatility. The topic of QR code transactions generates a considerable amount of controversy in the mobile payments industry. Some experts debate that they are simple, affordable and available to most smartphone users. Others say they are inadequate and will never take off. Bitcoin has been using QR code transactions for quite a while and is seen as strong support for the barcodes. The … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Mobile payments trends are seeing growth held back by biometrics

Mobile payments trends are seeing growth held back by biometrics

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the … Read entire article »

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

London mobile commerce has gone underground

London mobile commerce has gone underground

Shoppers are enjoying spending their time on the Tube hunting for and purchasing products. Underground train commuters are now spending a rising amount of time shopping over London mobile commerce channels as they use this opportunity to research products, compare prices and buy what they need. A recent study by Pay by Bank, a mobile payments provider, showed m-commerce is hotter than ever. Pay by Bank has determined that 39 percent of Tube riders are also checking out … Read entire article »

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

NFC mobile payments will be used by 1 in 4 Brits in 2017

NFC mobile payments will be used by 1 in 4 Brits in 2017

New research from MasterCard has predicted that over the upcoming 12 months there will be a significant shift. MasterCard has now released the results of a new research study in which it determined that NFC mobile payments will be used by one quarter of all Brits throughout the next twelve months. This will represent a considerable increase in the trend toward the use of mobile wallets in the U.K. At the moment, MasterCard’s figures show that the current … Read entire article »

Filed under: Featured News, Mobile Payments, Near Field Communications

Walmart Pay now available in Texas and Arkansas stores

Walmart Pay now available in Texas and Arkansas stores

The largest retailer in the world is expanding its mobile payments system into more states and locations. The biggest retailer on the planet has already launched its Walmart Pay mobile payments system but now the company is starting to roll it out in an increasingly large number of different locations, the latest of which have included the stores in Arkansas and Texas. With every new store location, the retailer makes itself larger mobile wallet competition for other … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Mobile banking services help young people save their money

Mobile banking services help young people save their money

A new Halifax Savings survey has shown that 18 to 24 year olds find it easier to save using digital tools. New research has revealed that four out of every five young adults find that online and mobile banking services are helping them to increase their balances and save their money in an effective way. The research also discovered that what is true for younger consumers is not the same for older ones. Among people between the ages … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Apple Pay in Canada gets a huge boost as all Big 5 banks prepare for launch

Apple Pay in Canada gets a huge boost as all Big 5 banks prepare for launch

Mobile payments are on the rise among Canadian consumers and they’re about to gain access to a large player. The entry of Apple Pay in Canada has now been announced and consumers in that country will be able to take advantage of that mobile payments service, as long as they have a compatible iPhone and an account with one of the Big 5 banks in the country. All five of the largest Canadian financial institutions have announced … Read entire article »

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