Mobile payments make up a third of the business at Braintree

Mobile Payments

The company has now revealed that it is experiencing massive growth in processing these transactions. According to the latest data that has been released by Braintree, it is now processing an annual $4 billion in transactions over mobile payments, which represents a tremendous third of the total annual processed transactions from the company, which is $12 billion. Braintree is racing along in terms of rapid scaling in order to beat out other platforms, such as Stripe. The total amount of mobile payments has managed to experience a quadrupling at Braintree…

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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 facing tremendous risks, says study

Mobile commerce Risks

Just as the transactions are beginning to gain some credibility, U.K. risk analysts say struggles are ahead. The adoption of mobile payments has been far slower than expected, and just as some were beginning to think that they were finally taking off, risk analysts from Riskskill, a U.K. consultant, have released a report that assesses that global market in a much more sobering light. It could be that there are a broad number of challenges and risks associated with that form of transaction. According to Bill Trueman, the CEO of…

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

global phone mobile payments commerce

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 industry report shows great potential in Mexico

Mobile Payments

A new analysis of alternative transactions for Mexican consumers has shown possible future success. A report has just been issued that is providing considerable insight into the role that mobile payments is currently playing and that it will play in the future, when it comes to the consumer financial services environment in Mexico. The landscape in that country at the moment is driven by innovations in technology and regulatory changes. These have allowed consumers to be able to open up more accounts, but has also made for a very natural…

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Mobile payments growing in popularity at the supermarket

mobile payments grocery store

Though the transaction type as a whole is still off to a slow start, there is demand when buying food. According to the latest industry data that has been released regarding the use of mobile payments, smartphone users enjoy using their devices to complete transactions at the grocery store. When consumers arrive at the point of sale, they are often happy to use their smartphones to pay. This mobile payments trend was included in the latest published data from Symphony EYC, in which they identified the findings of their recently…

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Mobile payments demand is increasing in the Middle East

Mobile Payments

That market is beginning to increase its desire to take part in transactions over smartphones. As companies in the Middle East have begun a broadening of the infrastructure for mobile payments, the demand for using this alternative form of transaction is also on the rise in that region. This trend has kept the area well in line with the evolution that commerce is taking on a global scale. The data suggesting that the Middle East is keen to take on mobile payments was issued by First Data. It has pointed…

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Mobile payments report shows this will be the fastest growing transaction method

mobile payments system point of sale

Research shows that over the next five years, this will be rapidly increasing in popularity. Though much of the technology shopping focus may be on m-commerce at the moment, but according to the latest research, it is mobile payments that are coming out as the star in terms of growth at the moment and over the next few years. In brick and mortar stores, using smartphones for completing purchase transactions will become more common. The results of a new Javelin Strategy and Research study has shown that in the United…

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Mobile payments service through Citi proves popular in Dominican shops

Mobile Payments

Companies have been using these smartphone transactions to pay for groceries and other purchases. Citi has just announced the launch of its new mobile payments service for merchants such as small grocery stores and other small sized businesses within the Dominican Republic. The new service that has been released in the Dominican Republic is called Citi Mobile Collect. The Citi Mobile Collect service allows participating merchants to make mobile payments to their providers instead of having to rely on cash, as they may previously have done. Citi said that there…

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Mobile payments drive in retail sector outlined by eBay

mobile payments John Donahoe, CEO of ebay

The massive online marketplace has ambitious intentions for testing the use of its services. eBay has now announced its intentions to put considerable testing into place in order to measure the behaviors of consumers who use its mobile payments services while they are in stores and restaurants throughout 2013. This is because its plans include the doubling of the current size of its PayPal business. According to the chief executive of eBay, John Donahoe, “Mobile is becoming the new normal.” He discussed a new partnership that the company has just…

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Mobile payments will be a larger focus for retailers in 2013

mobile marketing guide

Merchants have learned the lesson from the holiday shopping season and are moving forward with smartphone transactions. Retailers have been viewing the statistics that have been compiled from 2012 and its heaviest shopping season, and it has been made clear that mobile payments will be a necessary part of 2013 if they wish to remain competitive. Consumers are beginning to indicate that they want to be able to do more in-store with their smartphones. This, according from the study performed together by Shop.org and Forrester Research, called the “State of…

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