Today’s official start to the holiday shopping season could be defining for digital wallets. The holiday shopping season is now underway and services such as Google Wallet and Isis are hoping that Black Friday mobile payments will be the start of the explosion of use of these services by consumers. Until now, smartphone based transactions at points of sale have experienced little more than struggle. However, these mobile wallets have now gone national, and this is the first holiday shopping season in which this was the case. Moreover, there are…
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Mobile payments to reach 52 million per month, Visa says
The prediction is that this monthly rate will have been achieved by the end of the year. The latest forecast from Visa has shown that it believes that its mobile payments will experience an uptake that will help to make a serious dent in the usage share, cutting into the use of physical cash. The credit card giant has predicted that there will be more than 50 million monthly contactless transactions in Europe. They feel that this number will have been achieved before the close of this year. The head…
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