Top mobile payments app users are Millennials

mobile payments app shopping

In China, this generation is leading the way in the use of smartphones as credit and debit cards. A recent study has revealed that mobile payments app use is greatly driven by Millennials. The research indicated that Chinese device users between the ages of 21 and 39 are top users of these applications. Mobile wallets are seeing the highest use by device owners from 21 to 29 and 30 to 39 years old. eMarketer conducted this research and found that mobile payments app use is high in China. That said…

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Smartphones are beginning to drive the growth of mobile commerce

mobile commerce future smarphone

More consumers are beginning to rely on smartphones to shop, not tablets More consumers in the United States are becoming comfortable with the concept of mobile commerce, and many are beginning to rely on their mobile devices to research and purchase products both in physical stores and online. In the past, consumers had shown favor for tablet devices when doing their mobile shopping, as the larger screens of these devices allowed for a better shopping experience. Now, however, smartphones may be driving the growth of mobile commerce. 67% of adults…

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LINE launches new services in order to expand mobile payments

mobile payments grocery store

LINE introduces new technology and support for pre-paid cards Japanese messaging firm LINE has announced the launch of new barcode scanning technology for mobile devices as well as a pre-paid card service. Both are expected to help consumers make mobile payments when shopping at physical stores. The move is part of LINE’s largest initiative to establish a strong presence in the mobile commerce space. The company already has a foothold in this market with its LINE Pay service, but intends to connect more aggressively with consumers in the future. Line…

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Square bets on EMV standards improving the mobile payments space

Square Inc. mobile payments nfc technology

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can be used to process mobile transactions. New standards may speed up mobile transactions According…

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Patent filing highlights next step in mobile payments for Apple

apple pay iphone 6s smartphone battery

Apple is looking to further expand its efforts in the mobile payments market A recent patent filing from Apple suggests that the company may have more plans for the mobile payments space. The patent involves the development of a new system, which will serve as a peer-to-peer payments platform that will expand on iMessage. The iMessage service is widely used by consumers, as it allows them to text, send photos, and share videos with one another. Now, Apple intends to ensure that the service can be used for payments as…

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Prominent mobile commerce platform adds new features

mobile payments trends

Alipay has new features that will make it more than a mobile wallet Alipay, the prominent mobile payments platform from Alibaba and Ant Financial, has introduced a new feature that may expand its influence. The service now has a peer-to-peer transfer and messaging feature, which will allow users to send money between one another using a simple transfer method. The messaging aspect of this feature will also allow users to send digital coupons to their friends, providing them with an effective way to share merchant deals. Messaging service provides users…

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Mobile payments and loyalty program launched by New York Fries

New York Fries mobile payments

The chain will be bringing this option to its 200 various locations and will link it to its Fry Society program. New York Fries, a chain of quick service restaurants that has approximately two hundred locations has recently announced that it is launching a mobile payments, loyalty and rewards app that will also involve a gifting program that it has called the Fry Society. The fast food chain specializes in selling fresh cut French fries, as well as poutine and other fry combinations. The mobile payments program has been created…

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IBM to launch new mobile commerce platform

IBM Mobile commerce app

IBM unveils its new B2B Commerce platform based on WebSphere Commerce software IBM is planning to launch a new business-to-business mobile commerce platform based on its WebSphere Commerce software. The new platform is called IBM B2B Commerce, and is designed to provide a shopping experience for businesses that is more akin to consumer shopping. The platform may help companies that sell to business enterprises the ability to connect with their customers more effectively, especially through the mobile space. The platform will offer these companies a multitude of services that are…

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Mobile wallets will be used by 30 percent of holiday shoppers

Mobile payments trends wallet

Nearly one in three consumers intend to use smartphone payments such as Google Wallet and Apple Pay. A recent poll from Stratos Inc., entitled the 2014 Holiday Mobile Payments Survey indicated that about 30 percent of holiday shoppers intend to use mobile wallets in order to pay for the purchases that they make throughout the holiday shopping season. Moreover, 17 percent claim that they will be spending more because these mobile payment options are available. Stratos also discovered that under 5 percent of consumers feel “more comfortable” paying with mobile…

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What makes Starbucks the ultimate mobile payments – and business – success story?

Starbucks mobile payments popularity

Apple Pay may be receiving a great deal of media attention but it is the coffee shop app that remains the winner. When it comes to the success of a mobile payments wallet app, no other company in the United States can compare to the success story that Starbucks has managed to make for itself through careful and clever strategy. Starbucks has mastered is the idea that while mobile commerce is important, success comes from a complete business model. The areas in which Starbucks has managed to bring vital components…

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Mobile commerce firm announces support for Apple Pay

Apple virtual reality

Spindle has announced that it will be supporting the Apple Pay service Apple Pay is still a new mobile commerce service, but it has already attracted strong support from financial organizations and retailers throughout the world. Spindle, a leading provider of mobile payments solutions, is the latest to throw its support behind the new platform. Spindle’s Yowza!! cloud-based point-of-sale system will be able to support mobile payments being made from the Apple Pay service. This will allow a wider range of merchants to support payments being made from the new…

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