Mobile payments will be everywhere next year, says Rogers

Rogers NFC technology mobile payments

By the end of 2014, the Canadian communications giant has announced that people will prefer to pay with smartphones. According to a statement that was released by Rogers Communications Inc. vice president of emerging technologies, David Robinson, by next year and beyond, mobile payments will become the preferred way for consumers to process their transactions. This announcement was made as Robinson spoke to developers at a conference about Android in Toronto. The hope from Rogers, which is already one of the major mobile payments players in the Canadian ecosystem, is…

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Cybersecurity could be a major barrier for mobile payments

Mobile Payments

Mobile payments and e-commerce may suffer due to lackluster cybersecurity features The U.S. government may begin taking more aggressive steps to ensure companies take cybersecurity more seriously, especially when it comes to e-commerce and mobile payments. Consumers throughout the country have been enthralled by the concept of mobile payments and this form of commerce is becoming more common as businesses work to meet the demands coming from these consumers. The problem, however, is that cybersecurity is not typically taken seriously by these companies. Even those with a strong focus on…

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Mobile payments struggle in U.S. but grow worldwide

Quick Tap NFC technology service mobile payments service

The forecasts for the use of these transactions in the United States have been dropping like a stone. Although the use of mobile payments on a global scale are taking off like a rocket, in the United States, predictions are continuously being corrected in order to reduce the size of the outlook within that marketplace. The uptake of these transactions has not been anywhere near the rate of most expectations. The most recent knock to the overblown predictions about the American mobile payments marketplace has come from eMarketer. In October…

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Mobile payments to reach 52 million per month, Visa says

Visa Mobile Payments News

The prediction is that this monthly rate will have been achieved by the end of the year. The latest forecast from Visa has shown that it believes that its mobile payments will experience an uptake that will help to make a serious dent in the usage share, cutting into the use of physical cash. The credit card giant has predicted that there will be more than 50 million monthly contactless transactions in Europe. They feel that this number will have been achieved before the close of this year. The head…

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Mobile payments trial launched by Far EasTone

NFC tags technology

The new pilot program is being launched by the third largest telecom operator in Taiwan. Far EasTone Telecommunications, Co., the third biggest telecom operator in Taiwan, has just announced that it is launching a trial mobile payments project in the country that will use NFC technology. The announcement included the fact that they intend to have the trial up and going by the second half of 2013. The first phase of the mobile payments pilot project will begin in this year’s third quarter. It will function in conjunction with the…

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Mobile payments taking off in Myanmar

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 are almost ready for in-store in Europe and North America

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A new report from the Berg Insight analyst firm has suggested that the transactions may be ready to get started. According to the latest report from Berg Insight, by 2017, the North America and the EU27+2 region (the twenty seven members of the European Union as well as Norway and Switzerland) will achieve a combined total of €78 billion. This will have been a tremendous increase from having been only €0.6 billion last year. In Europe, the baseline in 2012 was considered to be somewhat meager, having reached only €0.1…

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Mobile payments partnership reached among European giants

mobile payments credit card

Telenor and Telefonica have both signed on with Fortumo in a deal to reach 460 million consumers. The telecommunications operators, Telenor and Telefonica, from Europe, have boosted the reach of their mobile payments programs by 460 million users now that they have signed on with Fortumo, a firm that specializes in the service. This has helped to boost Fortumo’s position among the leaders in this very rapidly growing industry. The partnership among Fortumo, Telefonica, and Telenor will assist in providing direct carrier mobile payments billing services for an additional 460…

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Mobile payments in Uganda are boosting commerce

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The number of people using their devices to transfer funds has experienced massive growth. According to the Bank of Uganda, the number of smartphone owners who are using the mobile payments and funds transfer system that it offers increased from 2.9 million people in 2011 to a whopping 8.9 million people last year. This has generated faster financial access than commercial banks in the country have achieve in a century. In fact, the number of people who used mobile payments last year is almost twice the number of people who…

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Mobile payments from Square are headed into Japan

Square Inc. mobile payments nfc technology

This is the first time that the program has moved to a country outside of North America. Square, the mobile payments platform, has just announced that it has become publicly available to consumers in Japan, in a move that is taking the service outside North America for the first time. As the iPhone is a highly popular device among the Japanese, this makes it a potentially strong location for Square. Mobile payments from Square were first available to iPhone users, before it eventually expanded to be usable for Android based…

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Mobile payments expanding in Canada

Royal bank of Canada (RBC) mobile commerce platform

RBC and Bell intend to work together to launch a new secure solution across the country. The largest bank in Canada, RBC (Royal Bank of Canada) and Bell, the largest communications company in the country, have announced their partnership to start to provide efficient and secure mobile payments for using credit and debit to make purchases in participating stores throughout the nation. This announcement was for the upcoming availability of a service that they are calling secure, fast, and easy. The mobile payments service will be available to RBC debit…

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