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…

Read More

Mobile payments service in EU expands into Spain

mobile commerce platform

iZettle has announced that it will be expanding into its seventh European nation. The mobile payments startup out of Sweden called iZettle has released its latest mcommerce news, which has revealed its latest entry into a new country – in this case, Spain – in order to bring its services to small businesses there. There are now 7 different countries in the E.U. in which these smartphone transactions are accepted. Among the other nations in which iZettle is providing mobile payments service are Sweden, Germany, and the U.K. In November…

Read More

Mobile payments may be waiting for iPhones before they take off

Apple iphone mobile payments

Industry experts think that the market may not fulfill its potential until Apple fully joins in. Although it is expected that 2012 will have seen an increase of 70 percent in the mobile payments marketplace by its close, it is also believed that the rate of growth will be significantly higher when Apple makes its way into the mix. By the year 2016, it is predicted that the global volume will have reached over 400 million. New players are constantly making their way into the mobile payments environment, with mcommerce…

Read More

Mobile payments launched by Groupon

Groupon Mobile commerce

The group buying program company has just announced its entry into the market. Groupon Inc. has revealed its first steps into the mobile payments marketplace as it launched its Groupon Payments service, which allows companies to accept credit card transactions from users of the iPod Touch or iPhone. While the system is compatible with virtually any credit card, it is concentrating on Groupon deals. The program is also allowing other companies to use the mobile payments service as a part of pilot programs, but it is charging rates at a…

Read More

Mobiles payments take center stage at CARTES 2012

Mobile Payments

Top smart technology trade show concentrated on mobile transactions. Leading trade show for smart technology, CARTES, placed its top focus on mobile payments and other issues, views, and challenges regarding the marketplace, including the importance of India in the global landscape. This year was devoted to “interconnected commerce and the new payment landscape (electronic, mobile, physical)”. Many of the industry leaders were present, and spoke to bring forward the latest critical topics, which were weighted very heavily toward security and mobile payments. This has, in fact, driven move telecommunication operators,…

Read More