Mobile payments standards released in Hong Kong

Hong Kong mobile payments

Banking association releases standards concerning mobile commerce Mobile payments have been growing rapidly in Hong Kong over the past few years as the number of smartphones and tablets grows. Consumers are showing strong interest in shopping and paying for products using their mobile devices, but there are relatively few standards in place that govern the parties that have invested heavily in mobile commerce. The Hong Kong Association of Banks has moved to change that, issuing a Best Practice of NFC Mobile Payments report. Report based on data collected by financial…

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Mcommerce push made by PayPal proves beneficial to Hong Kong businesses

Hong Kong mobile payments

Merchants in the region could find the company’s mobile services to be highly advantageous. One of the leading online payment companies in the world, PayPal, already boasts 123 million accounts with active users and is now stating that merchants in areas such as Hong Kong could be poised to increase their shipments due to the expansion of the service in order to cater to mcommerce. PayPal has announced that some of these newly included regions are among those experiencing the fastest growth. Online and mcommerce is taking off in areas…

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NFC technology embraced by the mobile industry worldwide

Hong Kong mobile payments

This year, the worldwide adoption of near field communication (NFC) has taken off in the mobile industry, as Google Wallet has made its strong debut and top manufacturers of mobile devices, such as Samsung (Google), Nokia, LG, RIM, and ZTE, have been producing handsets enabled with the technology. In mainland China alone, there are more than 900 users of mobile devices, making it the region with the greatest potential for the future growth of NFC use. Companies that are aiming to connect with NFC suppliers or to research new innovations…

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Study shows useful apps get results with smartphone users

Mobile Coupons

A recent study performed by the Hong Kong Productivity Council showed that among users of apps, 90 percent would accept them when they offered information that they found useful, a discount coupon that they could redeem, or other types of free offers. Furthermore, among 320 smartphone users who participated in a survey between June and July 2011, 80 percent said that they didn’t find pop-up advertising banners to be irritating – these same adds were considered to be a nuisance by users of traditional computers, as they said that content…

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