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Digital wallets could prove very expensive for conventional banks

01/09/202301/07/2023 Jorge Gonzalez

As these payment apps and services grow in number and use, banks could lose out on billions in transactions. Consumers worldwide are increasingly using digital wallets to complete transactions both online and while in-store shopping, which means that banks stand to lose out on billions in transactions that would traditionally have belonged to them. What has yet to be seen is if those banks will pivot to keep up with their primary online competition. As digital wallets such as PayPal, Apple, and others are adopted at a rapid rate in…

Samsung rolls out new mobile wallet app to store cards, keys and boarding passes

07/01/202206/30/2022 Stephanie Beck

This mobile payments option will place the company in direct competition with Google and Apple. Samsung has recently announced the launch of its own mobile wallet app, which makes it possible to store credit cards, digital IDs, car keys and other essential digital documents. This has arrived at a time when Google and Apple have both announced changes to their own. Google recently announced that it would be overhauling its own mobile Wallet app. Apple has announced that its Apple Pay would be receiving a range of new features. Now,…

Apple Pay is preparing to get started outside the US

01/13/201501/11/2015 John Montgallo

The mobile wallet is now getting itself ready to make its first moves in countries outside of the United States. Apple Pay is now getting itself ready to send its mobile wallet services outside of the United States, where it has been exclusively available until now, as it makes its way into the first countries outside of the U.S. borders. Reports have indicated that online, offline, and mobile marketing materials are being prepared for March. This indicates that the launch of Apple Pay in other countries could be coming very…

Tablet commerce could take off with new iPad Air 2

10/20/201410/19/2014 Julie Campbell

This latest Apple device was unveiled at the same time as the next iMac and hast drawn tremendous attention. Last week, Apple Inc. unveiled two new iPads that will soon be available for sale, in an attempt to expand on its tablet commerce revenues and reverse the downward direction that the sales of previous versions of this device have been experiencing. The presentation made by Apple was considered to be relatively free of anything too surprising by many in the industry. That said, while this addition to the tablet commerce…

iPhone 6, Apple Pay, and Apple Watch open for U2

09/10/201409/09/2014 Julie Campbell

The premium computing and mobile device brand has now unveiled its latest products. Apple’s event for this year was met with a considerable amount of excitement as the world watched to see the unveiling of the iPhone 6, as well as a number of other devices and services that have branched the company into a number of other markets. Similar to the event from last year, there were two different smartphones launched simultaneously. The difference between the two smartphones are that the iPhone 6 is the standard size for Apple’s…