An Ultimate Guide on Creating a Peer to Peer Payment App

how to build a mobile payment app

Recent research by analysts showed that there were 82.5 million users of Peer-to-Peer payments in the US in 2018. To make this figure seem even more huge, let’s say that this is almost a third of the US population that uses mobile devices. And in 2022, the number of users of P2P payments should grow to 52%. This rapidly growing popularity is causing many entrepreneurs to consider building their own P2P payment applications. In this article, we will show you how to create your own P2P payment application complying with…

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Canadian capital pilots tap-to-pay tickets on its light rail network

Tap to pay tickets Google Pay on phone

Ottawa is testing out a contactless system for its single ride tickets at one of its stations. Passengers taking the light rail train in Ottawa, Canada, can use tap-to-pay tickets for contactless rides in a pilot program. The mobile wallet-based payments are available for single rides starting at one pilot station along the network. Passengers purchasing their single ride fares at Rideau Station can participate in the system test. The single ride adult fares on the light rail transit network throughout Canada’s capital uses tap-to-pay. This uses near field communication…

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QR code payments framework established by Central Bank of Nigeria

QR code payments framework - QR Code - Phone - Nigeria Flag

The CBN has announced that it has created a quick response barcode based transaction standard. The Central Bank of Nigeria (CBN) recently announced that it had established a QR code payments framework to be used as a standard in the country. The CBN explained that the guidelines align with its strategy for financial system safety and stability. The CBN specified that the new QR code payments framework is an important part of its overall mandate for making certain that the Nigerian financial system remain stable and safe. These guidelines are…

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Brazil rolls out the PIX mobile payments system for faster transactions

PIX mobile payments - QR code payment transaction

QR codes are expected to play a vital role in the country’s move away from using cash to pay. Brazil has announced the launch of the PIX mobile payments system, which is the nickname of the Brazil Instant Payment System from Banco Central do Brasil. The goal of this strategy is to make digital transactions convenient enough to stop relying on cash. The PIX mobile payments strategy has been in the works for over a year. The idea behind its use is to place QR codes in the way of…

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The consumer shopping experience is increasingly dependent on mobile payments

Consumer shopping experience - mobile payment

A new Buyer PaymentsInsights Survey by Mercator Advisory Group examined this trend. Mercator Advisory Group has released the outcomes of its recent Primary Data report, Buyer PaymentsInsights – Payment Behavior: Younger Shoppers Lead a Change, showing that mobile payments has become highly critical to the consumer shopping experience. The report’s conclusions are based on Mercator’s 2020 Buyer PaymentsInsights Survey. This online survey involved the participation of 3,000 adult consumers in the United States. It was conducted before the outbreak of the pandemic in the U.S., in February 2020. It examined…

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