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Mobile wallet payments to break $13 billion by 2021 in UAE

Mobile wallet payments to break $13 billion by 2021 in UAE

(adsbygoogle = window.adsbygoogle || []).push({}); Large and widespread programs are underway for upgrading the country’s banks and devices for mobile wallets Massive mobile wallet strategies have now been launched in the UAE. As a result, mobile wallet payments will reach $13 billion in the country within a span of five years. The strategies will upgrade all devices and UAE banks to accept transactions via smartphones. The Mobile Wallet Project has been launched and will take a 35 percent … Read entire article »

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

Important Visa mobile payments milestone reached in India

Important Visa mobile payments milestone reached in India

The financial giant has announced that it has issued over one million of its contactless cards in the country. Visa recently announced the issuing of over one million of its branded contactless cards in India. These were all issued through eight major banks within the country. These cards function on the same technology as contactless Visa mobile payments. The widespread use of these cards is opening the door for easier mobile payments to be rapidly adopted. There are … Read entire article »

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

NFC mobile payments will be used by 1 in 4 Brits in 2017

NFC mobile payments will be used by 1 in 4 Brits in 2017

New research from MasterCard has predicted that over the upcoming 12 months there will be a significant shift. MasterCard has now released the results of a new research study in which it determined that NFC mobile payments will be used by one quarter of all Brits throughout the next twelve months. This will represent a considerable increase in the trend toward the use of mobile wallets in the U.K. At the moment, MasterCard’s figures show that the current … Read entire article »

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

WhatsApp QR codes and NFC tags may soon be the key to group invites

WhatsApp QR codes and NFC tags may soon be the key to group invites

The hugely popular messaging app is working with quick response codes and near field communication technology. WhatsApp QR codes have now become the very latest announcement from the tremendously used mobile messaging app, following a seemingly endless line of additional features and news that have been added to this application. This is among the most recent changes being made in order to differentiate WhatsApp even further from Line and WeChat. At the moment, the announcement being shared by … Read entire article »

Filed under: Featured News, Mobile Apps, Near Field Communications, QR Codes

Square mobile payments have now launched in Australia

Square mobile payments have now launched in Australia

The smartphone based transaction company has now launched its services into a fourth marketplace. Square has now launched its mobile payments services into its fourth marketplace, as it has stepped into Australia, giving small businesses in that country the opportunity to use their smartphones and tablets as credit card reading point of sale devices. The other countries in which the service is available include the United States, Japan and Canada. This announcement arrived nearly immediately before Square was … Read entire article »

Filed under: Mobile Payments, Near Field Communications

New mobile payments tech in India uses sound waves

New mobile payments tech in India uses sound waves

MoboMoney has enabled a new system that uses sound-based technology from ToneTag. A mobile payments company in India called MoboMoney has now made a transaction completion system available that would allow consumers to buy products and services at their favorite participating stores, through sound waves and their smartphones. The technology involved in this smartphone payments service was created by ToneTag, a tech startup. The feature has already been integrated into the existing MoboMoney mobile payments platform. That service … Read entire article »

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

Samsung has embedded NFC technology into a men’s suit

Samsung has embedded NFC technology into a men’s suit

The consumer electronics giant is working near field communication into clothing. Now that the CES 2016 has come to a close, there has been no shortage of interesting, fascinating and downright weird products that have made their way onto the map but at the same time, the introduction of NFC technology into a smart suit and while adding solar panels to a handbag still has some people scratching their heads. These are not the first odd sounding … Read entire article »

Filed under: Gadgets, Mobile Payments, Near Field Communications, Technology News

Mobile payments pilot begins in Montreal, Canada

Mobile payments pilot begins in Montreal, Canada

Users of the public transit system can use NFC technology based transactions to pay for fare. The public transit system in Montreal, Canada has started to test the use of mobile payments using NFC technology in Android based devices so that riders can pay for their fare on some buses and trains. This has been made possible through a partnership with Suretap, a mobile wallet owned by major Canadian wireless network operators. According to the Société de transport … Read entire article »

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

Mobile payments interest about 50 percent of consumers

Mobile payments interest about 50 percent of consumers

New Gartner research shows that about half of all consumers will be interested in the transactions by 2018. Gartner Inc. has now released data that indicates that by the year 2018, approximately 50 percent of consumers within mature markets will be interested in using their smartphones or wearable technology devices in order to complete mobile payments when purchasing products and services. Consumers living in countries such as Japan, the United States, Canada and those in Western Europe … Read entire article »

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

Consumers in mature markets are embracing mobile payments more aggressively

Consumers in mature markets are embracing mobile payments more aggressively

Half of all consumers may opt to use their mobile devices to purchase products by 2018 Half of all consumers in mature markets are expected to be using their smartphones and wearable devices to make mobile payments by 2018, according to a new report from Gartner. Innovation in mobile applications and services will likely have a major impact on traditional business models, forcing merchants to take steps to better engage mobile consumers. More consumers are beginning … Read entire article »

Filed under: International, Mobile Commerce, Near Field Communications, QR Codes, Trends, United States