Tag: mobile credit cards

Mobile payments could nearly eliminate the need for plastic cards

Stephanie Beck
Mobile payments credit cards

Accenture Payment Services managing director Matthew Friend predicts that cards will go the way of the eight-track. The managing director of Accenture Payment Services, Matthew Friend, has published an article in Forbes that has predicted that the adoption of mobile payments could eventually make the use of ATM and credit cards nearly obsolete. If it were up to many retailers, credit card companies, and other financial institutions, smartphones would be the new plastic. There are many major players that are currently vying for dominance in the mobile payments market, ranging…

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U.K. Mobile Payments to reach 20 million users by 2020

Jennifer Goula
U.K. Mobile Payments

The Centre for Economic and Business Research also sees large increases in purchasing over smaller screens. According to a recent report providing information on a study conducted by the Centre for Economic and Business Research (CEBR), the use of U.K. mobile payments is going to explode over the next seven years, while at the same time, people in the country will be using their smartphones and tablets to buy a growing number of products and services. The prediction is that this year’s $7.85 billion in purchases will have risen to…

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Mobile payments taking off in Myanmar

Jesse Collins
NFC Mobile Payments Mastercard QR Code PayPass MasterPass

Visa and MasterCard have both announced that they are seeing meaningful growth in the country. Both Visa and MasterCard have announced that the penetration of smartphones in Myanmar will considerably decrease the use of cash in the country, particularly when wireless networks roll out the use of mobile payments in this poorest country in Southeast Asia. These two largest electronic transaction companies have emphasized the massive potential in Myanmar. The credit card companies have pointed out that the government of the country is also looking to grant two more telecommunications…

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Mobile payments card readers becoming popular with businesses

John Montgallo
Mobile Payments market trends

These devices are starting to be an important part of the industry as a top choice among many businesses. Among all of the various forms of mobile payments that are currently available, it is the credit card reader devices that are proving to be among the most popular as businesses of all sizes find different ways to improve their customer experiences through their use. Though initially believed to be ideal for very small businesses, larger companies are using them, too. According to the mobile payments report from BI Intelligence, “The…

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Mobile payments strategy includes ban on plastic credit cards

Sam Lambert
LevelUp app mobile payments

In order to help boost the adoption of the service some merchants have tried to eliminate the alternative. The mobile payments industry has faced a large amount of struggle in terms of consumer adoption, even after merchants have started to update their systems and accept this form of transactions. Even the largest players, who have spent billions on systems and marketing, have yet to succeed. Google Wallet and Isis are two of the largest mobile payments systems currently in place, and yet they are seeing very limited use by consumers.…

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