Alphabet streamlines its mobile wallet app for improved offering

google browser texting

Android Pay and Google Wallet will soon be combined into a single Google Pay service. Alphabet Inc. has announced that its mobile wallet app offerings will soon be streamlined into a single service. It will be bringing its Android Pay and Google Wallet into a single brand, which it will call Google Pay. The goal is to make it easier for users to make mobile payments using information saved into their Google Account. “With Google Pay, it’ll be easier for you to use the payment information saved to your Google…

Read More

Chinese mobile payments taking off as country moves toward cashlessness

Chinese mobile payments

A growing number of cities throughout the nation are accepting smartphone transactions for public transit. Chinese mobile payments are becoming increasingly valuable as residents, merchants and services adopt its use on a rising basis. During the quarter running from July through September 2017, their value tripled. Alipay and WeChat Pay use has been spreading like wildfire throughout Chinese cities. Consumers are using these Chinese mobile payments apps to pay for products, services, tickets and even high yield financial products. During that same quarter, the transactions in the country totaled an…

Read More

The #3 Apple App Store application is an unofficial cryptocurrency wallet

bitcoin apple app store cryptocurrency mobile wallet

A recent report revealed that an unofficial version of the MyEtherWallet.com service was open for iOS device users. According to a recent report from TechCrunch, an unofficial MyEtherWallet.com application is being sold on the Apple App Store for users of iOS based devices. The unofficial version of the popular service comes with a price tag of $4.99 and is already #3 on the store’s list. The iOS app is only a week old and its name has already drawn a very high number of downloaders. The Apple App Store has…

Read More

Scary Samsung Pay security flaw identified

Samsung Pay Security

A company representative has revealed that the mobile wallet may not be as safe as previously believed. A Samsung Pay security flaw has been identified. A representative of the company has released a statement to the public to help to explain the problem. The scary component of this report is that it could place the transaction details in the hands of a hacker. This has arrived at a time when mobile payments are only just starting to be accepted by consumers. Among the main barriers to the adoption of mobile…

Read More

Mobile payments trends are seeing growth held back by biometrics

Mobile payments trends wallet

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the best efforts of some of the largest tech giants in the world,…

Read More

Samsung to take its mobile payments into Chinese market

samsung Pay test mobile payments devices technology news galaxy grand 2

The tech giant will be following Apple into that space and claims to support credit and debit cards from 9 banks. Samsung has announced that its mobile payments service has now launched for the first time within the Chinese market, where it will be joining an exceptionally crowded space that already includes its top rival, Apple. Apple Pay stepped into the second largest economy in the world almost a month and a half ago. China also happens to be the largest smartphone market in the world and Samsung has managed…

Read More

Mobile technology may reduce dissatisfaction with money transfers

mobile technology payments money

The frustrations associated with those types of transactions could disappear with smartphones. The results of a recent Amdocs survey have shown that over 83 percent of respondents strongly feel that they would be willing to use a mobile technology device for completing international money transfer transactions. The vast majority of current international money transfer services are not fully satisfying their customers. Among the survey respondents, 82 percent said they were dissatisfied with their experiences in using more traditional services for international transfers through money transfer operators (MTOs) and banks. Nearly…

Read More

Mobile payments interest about 50 percent of consumers

Mobile Payments service

New Gartner research shows that about half of all consumers will be interested in the transactions by 2018. Gartner Inc. has now released data that indicates that by the year 2018, approximately 50 percent of consumers within mature markets will be interested in using their smartphones or wearable technology devices in order to complete mobile payments when purchasing products and services. Consumers living in countries such as Japan, the United States, Canada and those in Western Europe are showing interest. According to Gartner, mobile payments technology is starting to gain…

Read More

Mobile apps now work with Android Pay

android pay mobile apps wallet marketing google

Though Google’s mobile payments service has been out for a while, it just stepped into a new market. Though Android Pay was originally launched earlier this fall, it’s only very recently that it has now become available for use within mobile apps to pay for purchases as an alternative transaction method. Google has stated that people will be able to use the option in several Android apps selling goods and services. This means that when someone reaches the checkout and is ready to pay for his or her purchases within…

Read More

Alipay mobile wallet launches in Taiwan

Taiwan Mobile wallet commerce

The Chinese payments app has been moving its way into Taiwanese businesses since the start of the month. Alipay, the financial side of Chinese giant corporation, Alibaba, has announced that almost 3,500 businesses in Taiwan now accept its mobile wallet app to complete payment transactions in supermarkets, department stores, chain stores, telecoms and even street vendors. The official launch started at the beginning of December and the applications to take part have poured in. According to the Ant Financial Global Business-Taiwan director, Ray Gu, the rising number of visitors to…

Read More

Chase Pay mobile wallet announced by JP Morgan Chase

JPMorgan Chase tower - Kroger mobile payments

This has added yet one more digital payments app to the rapidly growing number in the market. JP Morgan Chase has now added its name to the ever-growing list of different banks and retailers that have created their own mobile wallet in order to compete with more established giants such as Apple, Google and Samsung. The JP Morgan Chase consumer banking arm has now announced the launch of the Chase Pay app. This mobile wallet can be used by consumers who want to use their smartphones in order to pay…

Read More