mobile wallet apps Archives

Bill payments increasingly common through mobile wallets

03/21/202403/20/2024 L. Green

A recent study showed that one in five consumers make auto loan payments in this way Consumers are getting on board with mobile wallets to an increasing degree, not only for making purchases in store, but also for a range of other types of transactions. Convenience makes them popular Among the advantages consumers are enjoying the most about using mobile wallets for a spectrum of applications is that they can use them for managing their finances and for storing sensitive personal identification information, among other data. A recent PYMNTS survey…

Americans more confident in mobile payment security than global average

03/03/201703/01/2017 John Montgallo

Ninety-four percent of people in the U.S. are comfortable with wallet app security levels. Consumers are placing a growing level of trust in mobile payment security and smartphone based shopping, particularly in the United States. In fact, many consumers expressed greater confidence in their devices than the security of stores themselves. Interestingly, while the United States has not seen rapid adoption rates for mobile wallets, it doesn’t seem to be a lack of trust presenting the greatest barrier. This goes against many of the main predictions about the use of…

Mobile wallets will be in half of all smartphones by 2016

03/17/201503/14/2015 John Montgallo

Smartphone based payments apps are taking off and are expected to become major players next year. There is a reason that mobile wallets have been taking up such a central place in the headlines over the last little while, and this is because they are expected to become a serious part of the technology environment in the not too distant future. The idea is that it will help to make it much safer and simpler for consumers to shop online and in-store. According to certain players in the mobile technology…

Mobile wallet from MCX sits idle as market grows increasingly crowded

03/03/201503/01/2015 John Montgallo

Smartphone payments are being used on an increasing basis, but the Merchant Customer Exchange is standing still. At a time in which many of the biggest players in tech and the financial industries have been putting out their own mobile wallet apps, one of the most highly anticipated additions to the market has remained notably absent from this market. The Merchant Consumer Exchange (MCX) has been talking about its mobile payments, but still has no offerings. The MCX has been discussing the development of its mobile wallet for quite a…