Contactless payments to account for 1 in 3 in-store transaction by 2020, report

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Payment cards and mobile wallets will reach $2 trillion in two years. Worldwide, in-store contactless payments transactions will exceed $1 trillion for the first time this year. This is according to recent data published by Juniper Research. The leading fintech analysts also estimate that, globally, in-store contactless monetary transactions will hit $2 trillion by 2020 and will represent 15 percent of the total point-of-sale transactions. Both card payments and mobile wallets are expected to drive the growing use of these payments. Even though both of these contactless payments will be…

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Samsung Pay payment options now include PayPal

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The new method can now be used online, in-store as well as in-app for greater convenience. The latest addition to the Samsung Pay payment options is PayPal in the United States, according to an announcement from both companies. This strategic partnership involves an initial launch of the combined services in the U.S. but will eventually roll out in other countries, too, said the Samsung announcement. Beyond the addition of PayPal at points of sale through the mobile wallet, it will also function online and in-app. The Samsung Pay payment options…

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Samsung Pay test launched in UAE

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The mobile wallet is being rolled out in an “early access phase” in the United Arab Emirates. An” early access phase” Samsung Pay test has rolled out in the United Arab Emirates (UAE). This testing phase is looking into the way the mobile wallet functions through six local banks. The mobile payments app and service first launched in South Korea two years ago in August. The Samsung Pay test will show whether or not users can comfortably, safely and effectively make debit and credit card transactions by way of mobile…

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Samsung Pay platform has launched in India

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The electronics giant has rolled out its mobile wallet in a country where smartphone based payments are taking off. The Samsung Pay platform has now officially launched in India. This hasn’t come as any surprise as many have expected the service to enter the country for the last several weeks. The company gave its official confirmation of the launch at the start of this week. The company has pointed out that the service remains in an Early Access form for Indian consumers and businesses. That said, the Samsung Pay platform…

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Android Pay gives Japanese consumers a new mobile wallet option

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The payments app has now arrived in Japan and will be available at over 470,000 shopping locations. Japanese consumers with smartphones powered by Google’s mobile operating system will now have access to Android Pay. The mobile wallet will bring them access to smartphone payments at over 470,000 locations in Japan. Anywhere that already accepts Rakuten Edy e-money will now also accept Android’s mobile wallet. A Google statement pointed out that Android Pay will become an alternative to the prepaid Rakuten Edy service. This is only the most recent attempt the…

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