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MasterPass QR code central to Ecobank cashless campaign

MasterPass QR code central to Ecobank cashless campaign

(adsbygoogle = window.adsbygoogle || []).push({}); The bank has launched this new solution for merchants in order to let them use mobile devices to accept payments. The EcoBank MasterPass QR code based mobile payments solution launched with small merchants in mind. This service makes it possible for merchants to use their mobile phones to accept payments from their customers. This solution is the result of a partnership between Ecobank and MasterCard in a broader retail payment strategy. Through the MasterPass … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Mobile payments use is mainly for transportation and restaurant bills

Mobile payments use is mainly for transportation and restaurant bills

A new survey shows that there are some very specific reasons for which smartphone wallets are used. A new Market Intelligence and Consulting Institute under the Institute for Information Industry study provided insight on mobile payments use. It showed that consumers are using mobile wallets most frequently for paying for their meals at restaurants and for buying fare on transportation services. The mobile payments survey showed 76.4 percent of consumers who used the tech did so to … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Fraudulent QR code plays central role in $13 million scam

Fraudulent QR code plays central role in $13 million scam

As commonplace as quick response code scanning may be in China, scams are becoming a problem. Many residents of the Chinese city of Guangzhou fell victim to a fraudulent QR code that scammed them out of millions of dollars. The scam stole an estimated RMB90 million (about US$13.03 million) from unsuspecting smartphone users. The use of quick response codes has become exceptionally commonplace in China. They are used as a part of mobile payments to let people complete … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Samsung Pay platform has launched in India

Samsung Pay platform has launched in India

The electronics giant has rolled out its mobile wallet in a country where smartphone based payments are taking off. The Samsung Pay platform has now officially launched in India. This hasn’t come as any surprise as many have expected the service to enter the country for the last several weeks. The company gave its official confirmation of the launch at the start of this week. The company has pointed out that the service remains in an Early … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Americans more confident in mobile payment security than global average

Americans more confident in mobile payment security than global average

Ninety-four percent of people in the U.S. are comfortable with wallet app security levels. Consumers are placing a growing level of trust in mobile payment security and smartphone based shopping, particularly in the United States. In fact, many consumers expressed greater confidence in their devices than the security of stores themselves. Interestingly, while the United States has not seen rapid adoption rates for mobile wallets, it doesn’t seem to be a lack of trust presenting the greatest barrier. … Read entire article »

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

Apple mobile payments is finally taking off and making a difference

Apple mobile payments is finally taking off and making a difference

Some firms are speculating that the acceptance of this tech could permanently change the face of retail. Apple mobile payments have been struggling to take off and have not met the performance expectations of many people in the commerce and tech industries alike. That said, it does appear as though Apple Pay is finally taking hold and now that it has, it’s rapidly gaining strength. Mobile wallets were only a concept only a few years ago, and … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Massive QR code network expansion headed to Paytm in India

Massive QR code network expansion headed to Paytm in India

The mobile payments company is making a tremendous investment to build an Alipay-like presence. India’s largest mobile wallet, Paytm, announced its intentions to make a very large investment into growing its QR code network. The company intends to spend about $89.6 million to assist merchants to accept mobile payments via quick response code. The company is hoping to use the barcodes to see similar successes to Alipay and WeChat. The reason is that those two Chinese companies have … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

QR code payment cards rolling out at KazMunayGas

QR code payment cards rolling out at KazMunayGas

The company has introduced a new option to help make purchasing fuel faster at the pump faster and easier. KazMunayGas has announced the introduction of QR code payment cards at one of its gas station locations. The company also intends to roll out the new service across their entire network. This first location with the QR codes is operating in test mode for the time being. The test represents the first time the technology for the QR code … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Mobile payment security concerns may affect European shoppers

Mobile payment security concerns may affect European shoppers

An EU agency is cautioning consumers to be aware of the threats associated with wallet apps. The European Union Agency for Network and Information Security (ENISA) has released a report cautioning consumers about mobile payment security. The ENISA report pointed to an “explosive proliferation of viruses and malware affecting mobile devices.” The report included the results of an ENISA study into the threats within the mobile wallet app environment. The study examined the types of mobile payment security … Read entire article »

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

Android Pay gives Japanese consumers a new mobile wallet option

Android Pay gives Japanese consumers a new mobile wallet option

The payments app has now arrived in Japan and will be available at over 470,000 shopping locations. Japanese consumers with smartphones powered by Google’s mobile operating system will now have access to Android Pay. The mobile wallet will bring them access to smartphone payments at over 470,000 locations in Japan. Anywhere that already accepts Rakuten Edy e-money will now also accept Android’s mobile wallet. A Google statement pointed out that Android Pay will become an alternative to the … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Mobile wallet launch relaunched as Vodafone pushes ahead in India

Mobile wallet launch relaunched as Vodafone pushes ahead in India

The firm’s M-Pesa Pay has been released, providing a refreshed version of their previous offerings. Vodafone India has now announced its new and upgraded mobile wallet launch called Vodafone M-Pesa Pay. This is meant to provide merchants with a new range of options tailored to their needs. This move has been designed to lay a foundation for the firms upcoming m-payments bank venture. Merchants can log into this mobile wallet so that they will be able to … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments