mobile payments growth Archives

Did restaurant mobile payments become mainstream this year?

12/12/201712/09/2017 L. Green

According to First Data Corp, smartphone based transactions hit a tipping point with a 75 percent growth rate. Following an exceptionally slow rate of adoption over the last few years, restaurant mobile payments are finally starting to catch on, particularly in the quick service industry. This year saw an impressive growth rate and it is expected to continue in this strong and positive direction. Payment technology company, First Data Corp, reported a massive rise in smartphone transactions. Quick service restaurant mobile payments were especially high performers, according to the firm’s…

Mobile payments growth gap barely there between millennials and older generations

07/28/201707/26/2017 Jennifer Goula

Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by the willingness of the people to use their smartphones for on demand services as well as…

Mobile wallet payments to break $13 billion by 2021 in UAE

07/05/201607/02/2016 Stephanie Beck

mobile payments awareness wallet NFC near field communication

Large and widespread programs are underway for upgrading the country’s banks and devices for mobile wallets Massive mobile wallet strategies have now been launched in the UAE. As a result, mobile wallet payments will reach $13 billion in the country within a span of five years. The strategies will upgrade all devices and UAE banks to accept transactions via smartphones. The Mobile Wallet Project has been launched and will take a 35 percent market share in five years. The prediction is that the mWallet will generate $13.6 billion in mobile…

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

06/10/201306/08/2013 Sam Lambert

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…

Mobile payments from Square are headed into Japan

05/27/201305/31/2013 Sam Lambert

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…