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Mobile payments growth gap barely there between millennials and older generations

Mobile payments growth gap barely there between millennials and older generations

(adsbygoogle = window.adsbygoogle || []).push({}); Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by … Read entire article »

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

J.P. Morgan Chase and PayPal mobile payments deal announced

J.P. Morgan Chase and PayPal mobile payments deal announced

Two giants in the payments industry are now working together – as well as competing – under a new agreement. J.P. Morgan Chase and PayPal mobile payments – two companies among the highest profile firms in mobile wallets – have announced a new partnership within their continuing competition. They have now developed terms for a new deal that they announced at the end of last week. This agreement expands the Chase Pay mobile wallet service reach from … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

EMVCo publishes new QR code standard for mobile payments

EMVCo publishes new QR code standard for mobile payments

The payment standards body released a new publication to provide technical specs for the use of quick response codes. EMVCo recently published the “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode” as a QR code standard ahead of moving toward their use. The publication provides a definition of the way quick response codes function as a single-direction communication between a mobile app and the point of interaction. This represents the first official step forward for EMVCo … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Samsung Pay payment options now include PayPal

Samsung Pay payment options now include PayPal

The new method can now be used online, in-store as well as in-app for greater convenience. The latest addition to the Samsung Pay payment options is PayPal in the United States, according to an announcement from both companies. This strategic partnership involves an initial launch of the combined services in the U.S. but will eventually roll out in other countries, too, said the Samsung announcement. Beyond the addition of PayPal at points of sale through the mobile … Read entire article »

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

Visa QR codes rolled out in Taiwan smartphone payments system

Visa QR codes rolled out in Taiwan smartphone payments system

The quick response codes are used to make the transactions fast and easy to complete. The largest credit card company in the world will be launching a mobile payments system in Taiwan based on Visa QR codes. Local media reports have stated that the quick response codes will be central to transactions completed in the mobile wallet. Visa stated that it intends to use QR codes because they can be scanned by virtually any smartphone. By using Visa … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

QR code rail tokens replace cash for Delhi Metro passengers

QR code rail tokens replace cash for Delhi Metro passengers

Commuters now have the opportunity to use their smartphones to scan a barcode instead of buying a token with cash. Delhi Metro riders now have a much more mobile friendly commute with QR code rail tokens and smart card recharging. The train service’s official mobile app’s latest update added several convenient features, said the Delhi Metro Rail Corp (DMRC). This move aligns well with the rest of the country’s effort to use mobile payments to go cashless. India’s … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes

Chinese mobile payments are driving the country toward becoming cashless

Chinese mobile payments are driving the country toward becoming cashless

People in the country have used cash for thousands of years but smartphones are rapidly replacing it. Chinese mobile payments are quickly gaining ground as the country goes increasingly cashless in favor of smartphones. Despite the popularity of cash and the fact that it has been used in China for millennia, its days may be numbered. This move toward mobile wallets is allowing much of the country to skip the use of plastic credit cards. In May, the … Read entire article »

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

Will mobile payment technology be the end of ATMs?

Will mobile payment technology be the end of ATMs?

The automated teller machine turns 50 years old in 2017 but some think its days might be numbered. The automated teller machine (ATM) turned 50 this year, but with mobile payment technology gaining ground, many wonder how long the older tech will last. Though these cash dispensing machines were once regular stops in consumers’ lives, their importance is fading. The first ATM was installed in north London at the Enfield Town location of Barclays Bank. The first customer … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

Snapchat mobile commerce speculations abound with PayPal integration

Snapchat mobile commerce speculations abound with PayPal integration

The digital payment software was recently added to the social media platform’s (SDK). The rumor mill is hard at work with speculations of Snapchat mobile commerce possibilities. Engineers participating in the mobile app’s development recently integrated PayPal into the software development kit (SDK). The PayPal SDK could mean person to person or even mobile shopping opportunities on the social platform. This was originally reported by MightySignal, a mobile intelligence service. “Curiously, we noticed Snap recently installed the Paypal … Read entire article »

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

Long anticipated LG mobile payments solution launches in Korea

Long anticipated LG mobile payments solution launches in Korea

After having been first mentioned in November 2015, the electronics giant is finally getting started with consumers. The launch of the new LG mobile payments service hasn’t come as much of a surprise to many. The company first revealed its intentions to begin offering a mobile wallet back in November 2015. The initial rollout of the service finally occurred at the end of last week and is available exclusively in South Korea. The LG Pay service is … Read entire article »

Filed under: Featured News, Mobile Apps, Mobile Payments

QR code use is changing the young Chinese adult relationship with money

QR code use is changing the young Chinese adult relationship with money

In fact, quick response codes are having an impact on this demographic’s social behaviors. A new theory published in the South China Morning Post suggested that QR code use is changing the way young adults in the country live their lives. It is, according to the report, altering the way young Chinese adults view money and it is even altering their social behaviors. Quick response codes have been central to many forms of mobile payment technologies in … Read entire article »

Filed under: Featured News, Mobile Payments, QR Codes