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Mobile commerce sees explosive growth worldwide

Mobile commerce sees explosive growth worldwide

Emerging markets are beginning to focus more heavily on the digital world, especially where mobile is concerned Mobile commerce continues to see aggressive growth throughout the world, with much of this growth being driven by emerging markets that have become increasingly focused on the digital space. Mobile commerce now accounts for approximately 7% of all e-commerce sales globally. This an incredible increase over what the mobile sector accounted for in 2010. Over the next three years, … Read entire article »

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

BBM mobile payments are headed to Africa

BBM mobile payments are headed to Africa

BlackBerry has now announced that it intends to start in Nigeria and work outward with its transaction tech. The recovering Canadian handset maker, BlackBerry, has announced that it has plans to make it possible for BBM users in Africa to be able to use a mobile payments service that will let them send money or airtime. The service will launch in Nigeria and will make these transactions “as simply as they transfer photos or files.” This is a … Read entire article »

Filed under: International, Mobile Apps, Mobile Payments

Mobile security is no higher in payments apps than other applications

Mobile security is no higher in payments apps than other applications

A recent study of 10 popular digital wallets showed that even basic levels of protection were absent. A recent study conducted on the mobile security associated with the top 10 smartphone payments apps has determined that these applications lack everything from basic protection and controls upward. While the holiday shopping season is now underway, shoppers might want to understand this risk before paying over mobile. American retailers are now in full swing of the holiday shopping season and … Read entire article »

Filed under: Mobile Apps, Mobile Commerce Security, Mobile Payments

Apple seeks to bring mobile payments service to China

Apple seeks to bring mobile payments service to China

Apple is talks with Chinese banks to bring mobile payments service to the country Apple is looking to release its mobile payments service, Apple Pay, in China in the relatively near future. The company is reportedly in negotiations with four of China’s largest banks, including Bank of China, and the Industrial & Commercial Bank of China. If Apple can form a deal with these financial institutions, iOS consumers in China will be able to use Apple … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments, Near Field Communications, Trends

NFC technology now supported by Square mobile payments reader

NFC technology now supported by Square mobile payments reader

This allows small business merchants to accept payments from mobile wallets like Apple Pay and Android Pay. While Square had previously allowed mobile payments to happen through the swiping of a credit card through a simple dongle attached to a mobile device, among other means, it has now upgraded to use NFC technology, which will open the door to compatibility with a broad spectrum of different mobile wallet app based transactions. This has considerably changed the environment … Read entire article »

Filed under: Gadgets, Mobile Payments, Near Field Communications

LG set to launch its own mobile payments service

LG set to launch its own mobile payments service

LG has announced plans to launch LG pay in order to compete in the mobile payments market South Korea’s LG Electronics is joining other technology companies in launching its own mobile payments platform. LG has announced that the new payment system will allow consumers to make purchases with their smartphones, either in physical stores or online. The system is set to be called LG Pay, following a trend that other technologies companies seem to be supporting. … Read entire article »

Filed under: International, Mobile Apps, Mobile Commerce, Mobile Payments

Valyou NFC technology based mobile payments is packing it in

Valyou NFC technology based mobile payments is packing it in

The smartphone based wallet which is headquartered in Norway has now decided to call it quits. The Norwegian mobile payments service called Valyou will now be shutting its doors as its owners, DNB, Telenor and SpareBank1 have agreed that there simply are not enough NFC technology enabled terminals at merchant checkout counters to make the effort worthwhile. The owners have also agreed that other telcos and banks have not offered the support they had expected. The contactless mobile … Read entire article »

Filed under: Mobile Apps, Mobile Payments, Near Field Communications

Report from Gemalto provides insight on the mobile payments space

Report from Gemalto provides insight on the mobile payments space

Gemalto offers assessment of the mobile commerce landscape Gemalto, a leading digital security firm, has offered an assessment of the mobile payments landscape. The company has acquired significant experience in the mobile commerce world, where many other organizations have begun to see significant promise. Some of these organizations have been experiencing turbulence with their mobile commerce operations, which has lead Gemalto, as well as other firms, to provide some insight into the mobile payments space and … Read entire article »

Filed under: Mobile Commerce, Mobile Commerce Security, Mobile Payments, Trends