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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Digital QR code ID cards headed to China

QR code ID cards - ID Card

The country’s e-governance is using a combination of quick response codes and smartphones for identification. China is launching a new type of QR code ID cards for its citizens to use, provided they don’t mind a digital facial scan. This marketplace is known for the success of its mobile payments and m-commerce systems. The popularity of mobile payments has reached the point that it is driving the country forward into becoming cashless. This has been a goal for many nations around the world, but China is doing it successfully. It…

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Retail mobile payments can help to reshape the customer in-store experience

Retail Mobile Payments - Shopping in-store - shop with Open sign

Retailers have been working to achieve an improved unattended shopping experience. Achieving an improved customer experience is leading stores to embrace retail mobile payments. Retailers are attempting to improve the customer experience through the use of technology. The hope is to offer greater conveniences without having to hire more staff. A great deal of this focus has been placed on the integration of a frictionless point-of-sale payment. The interest in retail mobile payments made the topic one of the best attended informational sessions at the Las Vegas Convention Center for…

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Canadian shoppers can use Bitcoin payments for Newegg purchases

Bitcoin Payments - Canada Newegg Accepts Bitcoin

The online computer hardware and consumer electronics retailer will now accept the top cryptocurrency. Newegg recently announced that its Canadian customers will be able to make bitcoin payments to complete purchase transactions. The cryptocurrency is now listed among the retailer’s accepted transaction methods. The company revealed its new adoption of cryptocurrency in a recent press release. American consumers have been able to make bitcoin payments at Newegg since August 2014. This made the company one of the first ever major retailers to accept the cryptocurrency. According to Newegg, since it…

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Chinese QR codes remain head and shoulders above NFC technology

Chinese QR Codes - Mobile Shopping and Mobile Payments

When it comes to m-commerce and mobile payments, consumers in China prefer quick response codes. Despite the fact that mobile payments based on NFC technology are present, Chinese QR codes remain most popular. Apple Pay, for example, didn’t make it into the country until 2016. This gave quick response codes lots of extra time to make it into mainstream use. Mobile payments are commonly used in China, but NFC isn’t the top tech. Two mobile payments services had been available for quite some time and used QR codes. Tencent launched…

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Japan Bank Consortium looks to Ripple app mobile payments

Ripple App - Image of Mobile User with iPhone

The cryptocurrency has been attracting considerable financial sector attention and is set to explode. The Ripple app is taking the spotlight in front of the massive Japan Bank Consortium. The cryptocurrency has been drawing considerable global financial sector attention. The company behind it is developing a unique method of streamlining cross-border transactions. Many feel the Ripple app could turn the banking industry on its head. The Japanese bank consortium is looking to get in early to adequately revamp to keep up. The new mobile app recently launched in the country.…

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