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…

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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.…

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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…

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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…

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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…

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