New QR code user ID system to be launched by SafeWallet

QR Code user ID Security System - SafeWallet Launches Updated - cryptocurrencies

The cryptocurrency wallet is upgrading its user identification security. SafeWallet, a decentralized cryptocurrency wallet app operated by China-based Cheetah Mobile, has announced the release of a new QR code user ID system. The major security update will fully replace private keys and mnemonic phrases. The new system is the first of its kind. Until this most recent update, cryptocurrency wallet users have had to use long private keys and mnemonic phrases to back up their crypto-assets, according to a press release from Blockchain Wave Lab. These private keys and mnemonic…

Read More

New Shell QR code makes it easier to pay for gas

gas station Shell QR code

Customers using the stations in Thailand can scan quick response codes for a cashless fueling experience. The Shell Company of Thailand (SCOT) recently held a press event in which it announced its new Shell QR code, allowing consumers to fuel up without the need for cash. This represents the first time this type of mobile payments service has rolled out in the country’s gas stations. The press event came with a “Making Life’s Journey Better with Cashless Stations” theme. At the event, the company told the press that its Shell…

Read More

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

JPMorgan Chase enters into new Kroger mobile payments deal

JPMorgan Chase tower - Kroger mobile payments

The Chase Pay mobile wallet will soon be entering the largest American supermarket chain. Kroger mobile payments will soon become an option for customers at the massive U.S. grocery store chain by way of a new deal with JPMorgan. The reason is that the supermarket has agreed to start accepting the bank’s mobile wallet, Chase Pay starting next year. The announcement of the mobile payment agreement was made jointly by both companies. The Chase Pay wallet will start being available for Kroger mobile payments at the start of next year.…

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

Court lets individuals scan QR codes to pay their fines

scan qr codes judge court

The court in Jiangsu, China is using quick response codes to collect from people who have been avoiding payment. A court in the eastern province of Jiangsu, China has made it possible for people to scan QR codes to pay their fines. The strategy is meant to make it easier for individuals to pay by way of their smartphones. The court sees this strategy as an effective way to collect on fines due from those reluctant to pay. All people need to do to pay their outstanding fines and dues…

Read More

Mobile payments popularity will be greater than credit cards in two years

Starbucks mobile payments popularity

A new U.N. report underscored the skyrocketing growth of PayPal, Alipay and other blockchain based transaction systems. A United Nations report indicates that by 2019 mobile payments popularity will “overtake credit cards” in terms of online shopping use. The report pointed to blockchain using systems as primary drivers for the popularity of mobile transactions. The United Nations body released a report saying that digital currency systems of payment will see greater use in e-commerce than debit and credit cards by 2019. The mobile payments popularity report was released by a…

Read More

Skype mobile app offers PayPal payments in latest update

skype mobile app paypal payments

The digital wallet’s partnerships are continuing to pile up with the messenger/voice application joining the mix. PayPal has announced that it has entered into yet another partnership as Skype mobile app users will be able to send money to recipients in 22 countries worldwide. The latest version of the Skype application makes it possible for users to send money to other users via PayPal. This represents a significant boost in PayPal’s reach as Skype’s app currently boasts over one million downloads. Beyond basic downloads, the Skype mobile app also has…

Read More

Starbucks mobile payments now account for 30 percent of the coffee chain’s transactions

starbucks mobile payments app

The Seattle based quick service café recently reported posting $5.7 billion in third quarter revenue. Starbucks mobile payments are continuing their steady trend toward increasing usage, according to the coffee chain’s most recent quarterly earnings report. The third quarter earnings at Starbucks were reported to be $5.66 billion, representing an 8 percent increase. That said, despite the healthy rise over the same quarter last year, Starbucks missed its predicted target of $5.76 billion. The company’s non-GAAP earnings were $0.55 per share, which managed to meet expectations. That said, there was…

Read More

Mobile payments growth gap barely there between millennials and older generations

visa mobile payments growth

Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by the willingness of the people to use their smartphones for on demand services as well as…

Read More