Consumers in Europe view 2012 as the start of mainstream contactless mobile payments

NFC Technology in transportation - Mobile Payments London

The results of the quarterly Contactless Barometer study, performed for the second time by Visa Europe, have now been released, and they have shown that Europeans feel that these mobile payments have reached a tipping point and will start to become mainstream next year. The research involved the participation of 1,700 people who took part in a survey that examined the perceptions of individuals in Poland, Turkey, and the United Kingdom regarding contactless technology. It also utilized in-depth panel sessions with approximately 500 people who already own contactless cards. The…

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American Express makes moves toward greater mobile expansion by way of acquisitions

retail Mobile payments American Express

According to its executive vice president, David Messenger, American Express Co. has been seeking certain sizeable international acquisitions in order to assist in its efforts to take advantage of a spike in demand for online commerce and mobile payments in emerging markets. Based on purchases, Amex is the largest issuer of credit cards in the world. Based in New York, it is now looking into deals in China and other developing regions, and, according to Messenger, it wants to make purchases of and investments into startups in Silicon Valley that…

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