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New mobile payments service set for launch in Taiwan

06/19/201306/18/2013 Stephanie Beck

Mobile payments are making strong progress in Taiwan Mobile payments are making strong progress around the world, especially as major organizations become more involved in this emerging sector. In Taiwan, the country’s third-largest telecommunications company has ambitious plans for mobile payments. Far EasTone Telecommunications has announced the launch of a new mobile payments pilot project that seeks to leverage the capabilities of NFC technology to enable consumers to purchase goods and services from their mobile devices. The company has set the launch for the project during the second half of…

Mobile payments could grow tremendously among underbanked Americans

06/12/201306/10/2013 Julie Campbell

This demographic in the United States is now seen to be a key player in the growth and success of the transactions. Current estimates show that in the United States, there are 68 million people who are considered to be underbanked, and the majority of them are highly familiar with cell phones, which makes them ideal candidates for benefiting from what mobile payments have to offer. This can mean that if the market is able to crack this demographic, it could have the potential for tremendous growth. The primary hurdle…

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…

Mobile payments industry report shows great potential in Mexico

05/07/201305/06/2013 L. Green

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…

Mobile payments growing in popularity at the supermarket

04/27/201304/24/2013 Stephanie Beck

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…