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Samsung to take its mobile payments into Chinese market

Samsung to take its mobile payments into Chinese market

The tech giant will be following Apple into that space and claims to support credit and debit cards from 9 banks. Samsung has announced that its mobile payments service has now launched for the first time within the Chinese market, where it will be joining an exceptionally crowded space that already includes its top rival, Apple. Apple Pay stepped into the second largest economy in the world almost a month and a half ago. China also happens to … Read entire article »

Filed under: Mobile Apps, Mobile Payments

LINE launches new services in order to expand mobile payments

LINE launches new services in order to expand mobile payments

LINE introduces new technology and support for pre-paid cards Japanese messaging firm LINE has announced the launch of new barcode scanning technology for mobile devices as well as a pre-paid card service. Both are expected to help consumers make mobile payments when shopping at physical stores. The move is part of LINE’s largest initiative to establish a strong presence in the mobile commerce space. The company already has a foothold in this market with its LINE … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments, Technology News

Apple’s mobile payments service set to support the mobile web

Apple’s mobile payments service set to support the mobile web

Apple Pay will be moving beyond app purchases later this year Apple Pay is beginning to move beyond the world of applications. For some time, Apple has been informing potential partners that its new mobile payments service will be expanding to websites later this year. The service is expected to evolve, harnessing the power of the mobile web, which consumers have become increasingly reliant on when shopping online with a smartphone or tablet. Moving to the … Read entire article »

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

Tencent reports greater growth thanks to mobile games and other ventures

Tencent reports greater growth thanks to mobile games and other ventures

Company finds more success through a strong mobile focus Tencent, one of China’s largest Internet companies, has released information concerning its performance over the past year. In terms of sales, the company saw a 45% increase in quarterly sales, which is better than it had expected. Tencent is seeing significant growth through its mobile endeavors, especially where payments and gaming are involved. The company is also selling a wealth of content via its mobile platforms, such … Read entire article »

Filed under: International, Mobile Apps, Mobile Commerce, Mobile Payments, Technology News, Trends

WeChat is setting its sights on mobile payments in China

WeChat is setting its sights on mobile payments in China

Popular messaging app is growing very quickly WeChat, one of China’s most popular messaging applications, is becoming a major player in the mobile payments space. The app accounts for 697 million active monthly users, 200 million of whom began to use the service last year. This gives WeChat access to an abundance of people that may be interested in mobile commerce. The concept of being able to shop, purchase products, and send money to friends and … Read entire article »

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

Mobile payments will have eliminated cash by 2030, report

Mobile payments will have eliminated cash by 2030, report

According to the predictions released by IEEE, traditional transactions will fall aside that year. Although it can’t be disputed that mobile payments have been having a struggle in taking off and that it has been taking a great deal of effort to try to convince consumers to adopt this technology for using smartphones instead of cash or credit cards while in brick and mortar stores, a recent prediction is indicating that the time will come for … Read entire article »

Filed under: Mobile Apps, Mobile Payments

Square bets on EMV standards improving the mobile payments space

Square bets on EMV standards improving the mobile payments space

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can … Read entire article »

Filed under: Mobile Commerce, Mobile Payments, United States

Can Google’s mobile payments be made hands-free for Android and iOS?

Can Google’s mobile payments be made hands-free for Android and iOS?

The tech giant is now testing out a form of smartphone based transaction completed without lifting a finger. While many people might think that contactless mobile payments using NFC technology is essentially as convenient as transactions can get, as they’re simply a matter of waving a smartphone or wearable tech device (such as a smartwatch) over a reader at a cash register, Google is now looking to boost convenience even further. The search giant is now promoting … Read entire article »

Filed under: Gadgets, Mobile Apps, Mobile Payments