Apple Pay in Canada gets a huge boost as all Big 5 banks prepare for launch

apple pay in canada

Mobile payments are on the rise among Canadian consumers and they’re about to gain access to a large player. The entry of Apple Pay in Canada has now been announced and consumers in that country will be able to take advantage of that mobile payments service, as long as they have a compatible iPhone and an account with one of the Big 5 banks in the country. All five of the largest Canadian financial institutions have announced that they were preparing for the service. As of Tuesday, all major credit…

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New York aims to use mobile payments to let consumers pay subway fares

New York Transit Mobile Ticketing

Consumers will be able to use their mobile devices to pay subway fares, eventually The New York Metropolitan Transportation Authority has announced plans to embrace mobile payments in the future, allowing city residents to use their smartphones to pay for rides on the city’s subway network. The organization plans to install mobile systems throughout the subway network in order to accommodate the growing demand for mobile commerce. These systems will not be available any time soon, however, as the agency plans to fully embrace mobile commerce by 2021. Mobile commerce…

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Mobile commerce set to grow twice as fast of e-commerce in the coming years

Mobile commerce growth global world

Information from Coupofly shows that the mobile payments market is growing extremely quickly The mobile commerce market may soon grow twice as fast as the e-commerce space. According to information from Coupofly, the mobile commerce market is growing aggressively, with consumers becoming more comfortable with the idea of using their smartphones and tablets to purchase products. Coupofly notes mobile payments now accounts for 34% of all digital transactions throughout the world. This market is expected to grow by 31% in 2017, more than 200% faster than the growth of the…

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Samsung to take its mobile payments into Chinese market

samsung Pay test mobile payments devices technology news galaxy grand 2

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 be the largest smartphone market in the world and Samsung has managed…

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

Apple maps mobile payments

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 mobile web may help Apple Pay find more success in a space where it…

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TD Canada Trust launches its own mobile payments service

Canadian Mobile payments

TD Bank app has been updated to use new payment service TD Canada Trust has beaten both Apple and Samsung in launching a new mobile payments service in Canada. The company has launched its own payments platform in an effort to better connect with mobile consumers that rely heavily on their smartphones and tablets. The service is part of the TD Bank application, which is now available for Android devices. Those with TD Canada Trust Visa cards can now use the app to connect to sales terminals throughout the country,…

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Apple brings mobile payments service to China

Apple mobile payments - Apple Pay

Apple Pay has launched in China, but may struggle to find success Apple has finally launched its new mobile payments service, called Apple Pay, in China, but the service has received a mixed response among consumers. The Chinese market is quite attractive for companies interested in mobile shopping, largely due to the rapidly growing number of consumers opting to use their smartphones to make purchases online. Apple has been working to break into the Chinese market, but has been met with some resistance from the country’s banks, which had shown…

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Study shows mobile commerce is on pace to see more growth in the future

Mobile commerce growth global world

New study shows the growing prominence of mobile shopping among consumers Criteo, a performance marketing technology provider, has released a new study concerning online transactions and their performance during the fourth quarter of 2015. Last year, mobile commerce became a very powerful force in the retail space. Merchants began investing heavily in new technology that would allow them to connect with mobile shoppers. Consumers have shown a great deal of interest in using their devices to shop online and in physical stores. 1.4 billion online transactions were made during the…

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Patent filing highlights next step in mobile payments for Apple

apple pay iphone 6s smartphone battery

Apple is looking to further expand its efforts in the mobile payments market A recent patent filing from Apple suggests that the company may have more plans for the mobile payments space. The patent involves the development of a new system, which will serve as a peer-to-peer payments platform that will expand on iMessage. The iMessage service is widely used by consumers, as it allows them to text, send photos, and share videos with one another. Now, Apple intends to ensure that the service can be used for payments as…

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Apple and Samsung to bring mobile payments services to China

Apple Music app

Apple and Samsung have formed deals with UnionPay to enter China’s mobile payments market Apple and Samsung are set to compete with one another in China, which has become one of the world’s leading mobile payments markets. Both companies have managed to form deals with China’s UnionPay, one of the country’s largest banks. For Apple, this comes after a great deal of negotiation, where the company found resistance to its plans to enter into China’s mobile payments market. With an entry into the market, Apple predicts to find significant success…

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Apple seeks to bring mobile payments service to China

apple store mobile payments

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 Pay to purchase products, both in physical stores and online. Apple Pay enables iOS…

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