Facebook mobile payments to launch outside the United States

facebook mobile ads payments messenger

The social network’s peer to peer smartphone transactions will be enabled through its Messenger app outside the U.S. The largest social network in the world is now taking its Facebook mobile payments outside the United States for the first time. This move is meant to make it possible for users to be able to send money to each other by way of the official Messenger texting application. To start, the mobile payments service will be headed toward users in the United Kingdom. The feature will touch down in the U.K.…

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Long anticipated LG mobile payments solution launches in Korea

LG mobile payments

After having been first mentioned in November 2015, the electronics giant is finally getting started with consumers. The launch of the new LG mobile payments service hasn’t come as much of a surprise to many. The company first revealed its intentions to begin offering a mobile wallet back in November 2015. The initial rollout of the service finally occurred at the end of last week and is available exclusively in South Korea. The LG Pay service is available exclusively to Korean users of the LG flagship smartphone, the G6. Users…

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QR code payment cards rolling out at KazMunayGas

Gas station QR code payment cards

The company has introduced a new option to help make purchasing fuel faster at the pump faster and easier. KazMunayGas has announced the introduction of QR code payment cards at one of its gas station locations. The company also intends to roll out the new service across their entire network. This first location with the QR codes is operating in test mode for the time being. The test represents the first time the technology for the QR code payment cards has been used by the company. It is also the…

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Mobile payments growing among Canadian small businesses

Square Inc. mobile payments nfc technology

These systems are increasing in popularity as smaller companies seek alternatives to traditional platforms. Mobile payment technology is starting to take off among small businesses in the Canadian province of Nova Scotia, as they seek to discover alternatives to the traditional online platforms and point of sale systems. Now that there are a growing number of players in the marketplace, businesses have choice. Among the various options that are starting to make some headway in the Canadian mobile payments marketplace among small business is Square. This American startup provides merchants…

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QR codes to be central to new mobile payment service

qr codes used in mobile payment systems by banks

Bank of America will be using the barcodes as a part of a test program. The most recent step into the mobile payments wave is Bank of America, as it tests the use of QR codes that will permit customers to use their smartphones in order to complete transactions. This service will be available through iPhones and Android smartphones to make payments. The technology that is being tested by the bank was created by Paydiant, a growing name in the mobile payments industry. The solution that was chosen involves the…

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Prizm Payments to develop new mobile commerce service

Mobile Payments

Indian consumers to gain access to mobile commerce Prizm Payments, one of India’s fastest growing commerce companies, is looking for ways to make mobile commerce more accessible to a wider audience and not exclusive to those with NFC-enabled smart phones. Mobile commerce has been growing in popularity in the country, which boasts of more than 670 million mobile subscribers. Many of these consumers do not own an NFC-enabled mobile device, however, which has limited the impact of the growing mobile commerce industry. Prizm hopes to remedy this problem with a…

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European Commission launches lengthy probe into cell phone operators’ mobile payment service bid

UK mobile commerce

The European Commission has announced its decision to launch an extensive antitrust investigation – which will probably continue until the end of August – into the joint mobile payment venture of the largest mobile phone operators in Britain. This probe is in response to concerns that had been raised over its ability to hold back innovation. It is believed that the investigation will deal a sizeable blow to the hopes of the operators to gain rapid approval and adoption for its advertising and mobile payment systems which had been labeled…

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Bump Pay app allows smartphone owners to exchange funds

Mobile Payments Trends

Bump Pay, the second app by Bump Labs, has brought the company into the mobile payments market, allowing its users to tap their phones together in order to exchange money. The Bump Pay app has been developed based on the core technology of the company, which gives two smartphones the ability to transfer data to one another simply by tapping them together. This differs from near field communication (NFC) – which is the foundation of the Google Wallet – in that it requires the two devices to make physical contact…

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Google makes new fee-splitting offer to carriers to increase adoption of Google Wallet

Google Mobile Commerce News

Though Google Wallet found its start last year to launch that company’s entry into the mobile payments sphere, the service has failed to take off as expected, due to the large amount of competition and its reliance on NFC technology, which remains limited among handsets. In order to overcome some of the struggles presented by those hurdles, reports are indicating that Google has been considering making cost sharing offers to carriers such as AT&T and Verizon Wireless, to entice them to adopt the technology so that Google Wallet will increase…

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Mac World report shows Apple’s mobile payment market share is growing

iwallet

According to a Mac World report, has shown that a growing number of companies are entering into the rush to be able to process credit cards over mobile, and as they develop their own hardware and apps to accomplish this goal, the majority of them are basing their efforts on Apple’s iOS platform. It has been speculated that the reason for this is that the Apple mobile products represent the largest market share, and because the most popular smartphone in the United States is the iPhone. Moreover, the sales of…

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eBay sells Rent.com to Primedia to concentrate on mobile commerce and payments

eBay mobile payments

eBay has announced that it will be selling off Rent.com, one of its online properties, which has been purchased by Primedia. This will allow the largest online marketplace in the world to concentrate its efforts on the heart of its e-commerce and payments businesses, including their relatively newly introduced mobile elements. Rent.com was originally acquired by eBay in 2004, for a purchase price of $400 million. This gave the company an important step into the online real estate marketplace. Rent.com remains one of the biggest American apartment listing services, with…

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