mobile payments news Archives

Top mobile payments app users are Millennials

06/20/201606/18/2016 L. Green

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…

Smartphones are beginning to drive the growth of mobile commerce

04/07/201604/06/2016 Stephen Vagus

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…

LINE launches new services in order to expand mobile payments

04/01/201603/30/2016 Jorge Gonzalez

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…

Square bets on EMV standards improving the mobile payments space

03/17/201603/16/2016 Stephen Vagus

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…

Patent filing highlights next step in mobile payments for Apple

01/11/201601/10/2016 Stephen Vagus

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…