The tech giant announced that users in the United States will lose access to the app on June 4, 2024. Google has announced that it intends to terminate another application, which will this time take the form of its Google Pay mobile wallet app. The company said the move is a part of its strategy to simplify payment options Users in the United States will stop being able to use the mobile wallet application as of June 4, 2024. Google is aiming to shift Google Pay users over to Google…
Read MoreCategory: 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.
Paytm mobile payments warned told that complying to regulations is not “optional”
The popular service was found to have failed to comply with the law in India, where it is popular. Popular mobile payments service provider, Paytm Payments Bank, is at the heart of a controversy in India, where it is highly popular. The company has been accused of failing to realize the need to comply with legal regulations. Union minister Rajeev Chandrasekhar said no company can get away with such actions. The union minister was making reference to the Reserve Bank of India’s regulatory action on the mobile payments and financial…
Read MorePayPal gives its Venmo mobile payments app an overhaul
The company’s stock has tumbled as much as 6.5 percent since last summer following product revamps. PayPal Holdings CEO Alex Chriss recently promised that the company would “shock the world” with changes coming up to products like its mobile payments. The announcement and the optimism it brought sent the stock price up by 5 percent for the days following. The upgrades include mobile payments app Venmo revamps as well as the opportunity to use the PayPal app to earn cash back. Furthermore, the checkout process for consumers has been streamlined,…
Read MoreApple agrees to allow NFC payments from third party companies in EU
The iPhone maker has offered to make near field communication transactions available to rivals. Apple and the European Commission have reached the next step in their long-running disagreement over the use of the iPhone maker’s NFC payments services. The American company has now offered to allow rivals to use the tech, possibly ending this dispute. The European Commission has announced that Apple intends to open its NFC payments technology, used for contactless or tap-and-go transactions, to third-party mobile wallet providers. There have been rumors about this move circulating for about…
Read MoreMany frustrated with Apple’s App Store alternative attempts
What the iPhone maker delivered has made app developers even more frustrated than ever before. Apple is now receiving developer requests for those seeking to be able to process payments from customers in the US without using the App store’s own systems. Many application developers want to take payments without using the one Apple offers. Software makers welcomed the opportunity for the change to receiving payments through their offerings in the App Store. Their hope was that an alternative option would make it possible to sidestep the fees that Apple…
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