Facebook payments to come to WhatsApp in the future

Facebook Payments - Facebook logo on mobile phones

The social media giant is reportedly seeking to enter the mobile payments space with its own cryptocurrency. Facebook payments may be around in the not too distant future. The social networking company is jumping on the cryptocurrency bandwagon and is reportedly developing its own digital currency called Facebook Coin. The company’s supposed goal, reports CNBC, is to allow users of its cryptocurrency to transfer money through WhatsApp. Facebook’s move would mimic China’s popular WeChat Pay. The Facebook Coin, which would be attached to the US dollar, and would allow users…

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Amazon mobile payments system to roll out in Mexico

Amazon mobile payments- Mexican Flag

The new mobile payments system will allow Amazon customers to pay via QR code. The e-Commerce giant is working with Mexico’s government-backed central bank on an Amazon mobile payments system. The system will reportedly enable customers to pay for goods using their smartphone to scan a quick response (QR) code. The new payments program is called CoDi. The Amazon mobile payments system is known as CoDi and it will be the first time that Amazon has offered this type of scanning tech in Mexico. The hope is that by introducing…

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Kroger Pay gives customers new mobile payment option

Kroger Pay - Kroger shopping bag - Wochit Tech YouTube

Kroger Co. now gives their mobile shoppers the chance to pay with their phone. The American retailing company has jumped on the mobile payments bandwagon and has launched Kroger Pay, a single-use QR code-based system. The app’s single-use QR code can be scanned to pay for purchases. Kroger Pay is an app that has been designed to generate a single-use QR code that can be scanned at the checkout counter to pay for a purchase. Users of the app can link it to any major credit or debit card. Additionally,…

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QR mobile payments app that also supports NFC launches in Belgium

QR mobile payments app - Debit Machine

Payconiq gives Belgian debit card holders an easy way to pay in store, online and transfer money. Payconiq, the newly launched QR mobile payments app by Bancontact, supports both NFC and static dynamic QR codes contactless payment options. In addition to giving debit card users the ability to make payments in store and online, they can also transfer money direct to their contacts using a single app on their smartphone. Payments can be made at 290,000 payment points across Belgium. The QR mobile payments app was launched after the merger…

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Target mobile payments will include Apple Pay, contactless cards and beyond

Target Mobile Payments - Target Store

Soon Target customers will have the option to pay with their smartphone using multiple methods. Target mobile payments are set to expand to include Apple Pay, Google Pay, Samsung Pay as well as “contactless cards” from credit card giants Visa, MasterCard, American Express and Discover. Target customers can use both smartphone or compatible wearable devices to make their purchases. One of America’s most popular department store retailers, and the 8th largest in the nation, Target mobile payments were first rolled out in 2017. At the time, the popular wallet feature,…

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Square In-App Payments processing becomes a reality

Square In-App Payments - Square Reader Mobile Phone Payments - YouTube

Square has launched a customizable SDK in-app payment solution for iOS, Android and Flutter. Square In-App Payments SDK (software development kit) has been launched by the San Francisco-based financial tech company, enabling developers and sellers who use its services to accept in-app payments. While Square has products to help sellers accept payments on the web and in person, this is the first time it will be available in mobile apps. Buyers can securely pay for physical goods or services purchased via mobile app. With the Square In-App Payments SDK, developers…

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Self-service QR code payments launched in Sydney for Chinese residents and visitors

Self-service QR Code Payments - Syndey Australia

The Inspiry Smart Box is now available in Sydney. Chinese mobile payment solution Inspiry has launched a self-service QR code payments terminal in Sydney, Australia. Called the Inspiry Smart Box, the terminal has been installed in many of the city’s shopping malls, restaurants, supermarkets, jewelry shops and cafes. Users of the self-service payment terminals simply need to scan a QR code to make a transaction. Using the self-service QR code payments system is quick, easy and convenient for consumers. To make a transaction via the Inspiry Smart Box, consumers simply…

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Nearly one million people in India are testing WhatsApp payments

WhatsApp Payments Service - WhatsApp App

India is WhatsApp’s biggest market. With 210 million monthly WhatsApp users, India is clearly WhatsApp’s biggest market. Still, in spite of the Facebook messaging app’s so far successful test of WhatsApp payments service in the country, the digital payments system has yet to become a nationwide service. WhatsApp began testing its payments service back in February of last year. Since WhatsApp payments began testing in February 2018, the service has processed about a million transactions per month. This is according to people close to the National Payments Corporation of India…

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QR code payment system to be set up in Norway for Chinese tourists

QR Code payment system - qr code on smartphone

Vipps cooperates with Alipay to provide tourists from china with more convenient payment options. The joint QR code payment system will see Norwegian mobile payments app Vipps cooperate with Chinese mobile payment app Alipay to allow Vipps payment to be used outside Norway as well as open up the system for mobile payments by Chinese tourists visiting the nation. Chinese tourism to Norway has soared since 2007. Between 2007 and 2017, Chinese tourism to the Nordic country has climbed a whopping 575%, according to national development bank Innovation Norway. The…

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Survey finds that 70% of Irish consumers abandon mobile payment transactions

Mobile payment transactions - Women wiht computer and mobile phone

Consumers in Ireland are not keen on making payments via mobile if the process is too difficult. New research from Elavon, a global payments expert, reveals that mobile payment transactions are abandoned by over two-thirds of mobile consumers in Ireland, when these consumers find the mobile payments process to be too tedious and difficult. Several aspects of mobile transaction processes frustrated online shoppers. Elavon’s mobile shopping experience study, which involved 1,000 adult mobile shoppers in Ireland, noted that there were primary sources of frustration that lead to mobile users abandoning…

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PayPal mobile payments break records over Thanksgiving shopping weekend

PayPal mobile payments - PayPal Logo

Over $1 Billion mobile payments were made via PayPal on both Black Friday and Cyber Monday. PayPal mobile payments was the preferred payment method for many mobile users during America’s biggest shopping weekend of the year. The American-based worldwide online payment system has revealed that, for the first time ever, it saw over $1 billion in mobile payment volume on Black Friday and hit this record-breaking volume again on Cyber Monday. There were higher mobile payment volumes on Black Friday than Cyber Monday. What is particularly surprising about the data…

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