mobile payments competition Archives

Mobile payments success for banks will depend on credibility

04/23/201304/22/2013 Jennifer Goula

The financial sector is working hard to distinguish itself in this industry where the competition is fierce. It wasn’t all that long ago that the financial sector – primarily banks and major credit card providers – were essentially the only consideration when it came to completing transactions, but the addition of mobile payments is drastically changing this environment. Buying goods and services can now be performed in a number of different ways, and banks aren’t automatically among them. Mobile payments – that is, paying directly through a smartphone or tablet…

Mobile payments leaders battling it out in Europe

03/18/201303/16/2013 Jesse Collins

The three largest names in the sector have made themselves known as PayPal, Square, and Intuit. The mobile payments market in Europe is finally starting to experience some meaningful growth in Europe and the United Kingdom, and the biggest names in that industry are starting to find themselves in a fierce competition. For instance, Intuit Pay has now finally been launched in the U.K. for card transactions over these devices. This is a market in which Intuit had not previously had a standing, but where it has now given itself…

Mobile payments have barely started but are already swamped with competition

08/26/201208/25/2012 Julie Campbell

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…