Survey finds that 70% of Irish consumers abandon mobile payment transactions

Mobile payment transactions - Women wiht computer and mobile phone

Consumers in Ireland are not keen on making payments via mobile if the process is too difficult. New research from Elavon, a global payments expert, reveals that mobile payment transactions are abandoned by over two-thirds of mobile consumers in Ireland, when these consumers find the mobile payments process to be too tedious and difficult. Several aspects of mobile transaction processes frustrated online shoppers. Elavon’s mobile shopping experience study, which involved 1,000 adult mobile shoppers in Ireland, noted that there were primary sources of frustration that lead to mobile users abandoning…

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PayPal mobile payments break records over Thanksgiving shopping weekend

PayPal mobile payments - PayPal Logo

Over $1 Billion mobile payments were made via PayPal on both Black Friday and Cyber Monday. PayPal mobile payments was the preferred payment method for many mobile users during America’s biggest shopping weekend of the year. The American-based worldwide online payment system has revealed that, for the first time ever, it saw over $1 billion in mobile payment volume on Black Friday and hit this record-breaking volume again on Cyber Monday. There were higher mobile payment volumes on Black Friday than Cyber Monday. What is particularly surprising about the data…

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Tappy adds finger-scanning mobile payments to watch bands

Finger-scanning mobile payments - Women wearing watch

A new battery-less biometric payment authentication system can turn a watch band into a credit or debit card. Tappy Technologies, a Hong Kong-based company, has developed a finger-scanning mobile payments authentication system that is small enough to fit inside a watch band. The system turns the watch band into a secure credit card or debit card, providing wearers with a convenient, battery-free, contactless payment solution. Tappy’s solution gives banks an alternative to sharing transaction fees with bigger tech companies. More and more consumers are becoming comfortable with using their smartwatches…

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Cellum reaches QR code mobile payments deal with Deloitte Touche Tohmatsu

QR code mobile payments - Handshake Deal

The mobile transaction solutions company headquartered in Hungary is partnering with the Japanese giant. Cellum Group has signed an agreement with Deloitte Touche Tohmatsu LLC to launch a new QR code mobile payments service. The idea is to bring the quick response code based transactions into Japan with more widespread success. Cellum, a mobile transaction solutions company, signed the deal with one of Japan’s largest professional services firms. The two companies want to overcome the hurdles of QR code mobile payments and create a mainstream service within the country. A…

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QR code payments slowly gain ground in Japan

QR Code Payments Japan - Tokyo City

The pace payment growth through quick response codes has been slow in Japan. QR code payments are steadily on the rise in the country, with the number of convenience stores, restaurants and other shops slowly adopting this convenient form of payment. Still, the pace of growth has certainly been slow, and part of this reason is due to commission fees. Stores who offer the payment method typically have to cover a 3% commission fee. Cash still remains the primary payment option in Japan, but major information technology firms are working…

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Snapchat to shut down in-app mobile payments service

Snapchat in-app mobile payments sevice Snapcash to shut down - Snapchat on mobile

The closure of Snapcash has been confirmed by Snapchat. The in-app mobile payments service, Snapcash, offered through social media network Snapchat, will soon no longer be available. Some speculate the closure of the mobile payments service is due to it becoming more of a liability for the company than a utility. Snapcash was being used as a method to pay for private adult content over Snapchat. Although the reason behind shutting down the in-app mobile payments feature has yet to be disclosed, TechCrunch speculates that it may be due to…

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UnionPay QR Code payments expand in Vietnam

UnionPay QR Code Payments - Vietnam

UnionPay has reached an agreement with VNPAY UnionPay QR Code payments will now be accepted by 30,000 local merchants in Vietnam after UnionPay International (a wholly-owned subsidiary of China UnionPay) reached an agreement with QR Code payment acquirer, Vietnam Payment Solutions (VNPAY). These barcode payments will also be widely accepted by online merchants. In addition to enabling local merchants to accept these payments, both UnionPay International and VNPAY will work together to expand the acceptance of UnionPay QR code payments so that they can benefit online merchants, as well. The…

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The iPhone NFC chip could soon unlock your car door

iPhone NFC chip - Woman using iPhone

Apple’s near-field communication chip to gain new unique features with huge update. Forgot your keys? That may no longer be a problem for Apple mobile phone users in the future as the iPhone NFC chip could soon have the power to unlock home and car doors. The secure wireless chip is set to expand beyond payments. The possible changes to the iPhone NFC chip could result in Apple users utilizing the NFC tech in their mobile phones beyond making mobile payments via Apple Pay, The Information reported. The changes could…

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EMVCo takes steps to promote the use of EMV QR code payments

QR Code Scan - EMV QR code payments

EMVCo has created a unique royalty-free QR payment mark. This QR Payment Mark has been created for the purpose of promoting global interoperability across EMV QR code payments, according to a recent EMVCo press release. All implementers of EMV QR Code solutions can use the mark. EMVCo developed reproduction requirements as well as a free licensing structure for the mark. This enables it to be used by all who want to implement EMV QR code payments. The machine-readable quick response barcodes have grown in popularity over the years and are…

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Bangladeshi Visa QR code payment solution launching in October

Visa QR code payment - Visa Cards

The credit card giant will be rolling out transactions via quick response code and contactless tech. Visa QR code payment solutions are slated to roll out in Bangladesh by October. The global payment provider has also announced that it will simultaneously roll out contactless payments. Almost 20 banks have already submitted their applications to be able to participate. The Visa QR code payment and contactless payment service have proven to be highly popular among banks. There have already been nearly 20 banks applying to be able to incorporate the new…

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Huawei mobile payments expand into new Bitcoin Wallet

Huawei mobile payments - Bitcoin Payments

BTC.com has become the first bitcoin wallet to launch on the recently-debuted handset maker’s app store. Huawei mobile payments have been brought to a whole new level with an important first. BTC.com, based in Amsterdam and Beijing, has become the first bitcoin wallet on Huawei’s new app store. This brings an important mobile payments opportunity to Chinese consumers behind the “Great Firewall.” The Huawei mobile payments will make it easier for Chinese residents to access cryptocurrency wallets, according to a CNN report. Both the Chinese government and telecom companies have…

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