Apple leads in mobile wallets use but not in total purchases

Mobile wallets - Payment with iPhone

The iPhone’s payment app has been around for 8 years, and adoption has been rising quickly. The Apple Pay has been available in the mobile wallets category for 8 years as of 2022 and while it did have a slow start – as did many others in that category – but it has started picking up. In the United States, adoption of all phone-based digital payment methods has been slow. The report “Apple Pay at 8: Connected-Tech Consumers Lead the Way” issued by PYMNTS showed that even though more than…

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Mobile payment app Paym shuts down in the United Kingdom

Mobile payment app - Shut Down Buttons

The application was launched by 15 of the largest UK banks and building societies is packing it in. Mobile payment app Paym was created by fifteen of the largest banks and building societies in the United Kingdom, but after eight years of struggle to try to keep its head above water, it is giving up. The application has constantly fought to try to keep up with shifts in technology and consumer trends. The mobile payment app originally launched in April 2014. It made it possible for consumers to use their…

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Contactless mobile payments collaboration forms between CTBC Bank and Soft Space

Contactless mobile payments - Paying with wearable device

The partnership will work as a system used by Taiwanese taxis to make it easier to charge fares. CTBC Bank, based in Taiwan, has entered into a partnership with Soft Space, a fintech from Malaysia, to launch a contactless mobile payments system to be used by cab drivers to collect taxi fares. The system will allow customers with Android smartphones and NFC technology to tap to pay. The contactless mobile payments system will be powered by Soft Space so that Android phone users can pay for their cab rides using…

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NFC technology experiences considerable surge in global use

NFC technology use World Wide

A recent survey shows that consumers have a greater awareness of the tech and are satisfied by it. A new study conducted by ABI Research has shown that consumers are considerably more familiar with NFC technology, and they are more satisfied with it as well. Over eight out of every ten consumers have used a contactless card or mobile payment wallet. According to the research, more than 85 percent of consumers have used NFC technology in the form of a “contactless card or mobile payment wallet.” Moreover, they have increased…

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Malaysian mobile payment customers can now use Apple Pay

Mobile payment - Malaysia Flag - Apple - Mobile Payments

The American tech giant has partnered with Standard Chartered Malaysia, Ambank and Maybank. Apple has announced that it has entered into a new mobile payment partnership with Maybank, Standard Chartered Malaysia and Ambank to be able to offer its digital wallet services to customers in Malaysia. Customers who have credit cards issued by those three major banks will be able to use it later in 2022. “Customers with Visa and Mastercard cards from banks including AmBank, Maybank and Standard Chartered Bank can now use Apple Pay, with American Express cards…

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