Tag: mobile payment systems

Figure Pay mobile payments system could offer small and local businesses an advantage

Jesse Collins
Figure Pay - person using mobile wallet to may payment

The new fintech-created system could bring down the cost of digital transactions. Figure Pay, a mobile payments system based is aiming to bring new and more affordable digital transactions to local small businesses. Mobile payments have taken off since the start of the pandemic, but this hasn’t been easy on small businesses. The Figure Pay app was developed by Figure Technologies. That company is a small fintech from Silicon Valley using technology developed in Missoula, Montana. Its goal is to employ blockchain to slash the costs associated with this type…

Read More

Mobile payments are becoming a hit with restaurants and diners

John Montgallo
Restaurants using QR codes mobile payments

Companies and brands are discovering a range of ways to appeal to their customers over their favorite devices. While mobile payments technology has taken longer to gain consumer acceptance than had been anticipated by many, and there have been some serious challenges that have arisen and that continue to need to be addressed, there are certain industries in which this tech has started to make some serious headway, and among them is the restaurant marketplace. Smartphone based transactions can provide customers greater convenience and speed in this environment. This has…

Read More

Mobile payments launched in the U.K. by iZettle

Stephanie Beck

The system implemented by the Swedish company has been compared to Square in the U.S. iZettle, a company from Sweden, has just announced that it has launched a mobile payments service similar to Square in the United Kingdom, and that it has now gone live for merchants to use. The service works with an app and reader device that plugs into a tablet or smartphone. iZettle is considered to be the main rival to Square in Europe as it expands into its second marketplace within the same number of weeks.…

Read More

Mobile payments have barely started but are already swamped with competition

Julie Campbell
Mobile Commerce News on eOne PLUS app

Consumers are increasingly using their smartphones to pay for purchases. An ever increasing number of merchants and consumers alike are experimenting with different ways to pay for items that include mobile payments among the available options. A wide range of new options are beginning to open up at restaurants, bars, and shops of all kinds. Even though the mobile payments industry is still in the earliest part of its fledgling stage, the growth of its adoption is rapid, which is leading to notable competition among providers of these services. New…

Read More

PayPal to test new mobile payment system with McDonald’s

Stephen Vagus
McDonalds NFC Technology mobile payments

McDonald’s and PayPal team to provide new service PayPal has announced that it will be testing its new mobile payment system at 30 McDonald’s restaurants throughout France. PayPal has shown interest in mobile commerce, but has all but abandoned NFC technology for its mobile payment ventures. Instead, the commerce company has opted to provide payment services that are more inclusive to those without NFC-enabled mobile devices. The company’s initiative in France positions it to compete with similar mobile commerce initiatives that have been launched through the partnership of Square and…

Read More