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

contactless payments - debit machine

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

shopping mall samsung pay payment options

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

samsung Pay test mobile payments devices technology news galaxy grand 2

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

samsung pay platform phone mobile commerce

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

android pay mobile apps wallet marketing google

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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Samsung Pay officially headed to Canada before 2016 ends

samsung pay platform phone mobile commerce

After months of rumors, the consumer electronics giant has now confirmed its mobile wallet is headed to Canada. Canada has been hearing rumors that Samsung Pay was on its way for several months. However, it is only just recently that the electronics giant has given official confirmation that this is true. The company released a statement that has been published on several news outlets indicating that Canadians will have the mobile wallet in 2016. In fact, the statement said the Samsung mobile payments would arrive in Canada in early November…

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Scary Samsung Pay security flaw identified

Samsung Pay Security

A company representative has revealed that the mobile wallet may not be as safe as previously believed. A Samsung Pay security flaw has been identified. A representative of the company has released a statement to the public to help to explain the problem. The scary component of this report is that it could place the transaction details in the hands of a hacker. This has arrived at a time when mobile payments are only just starting to be accepted by consumers. Among the main barriers to the adoption of mobile…

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Mobile payments trends are seeing growth held back by biometrics

Mobile payments trends wallet

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the best efforts of some of the largest tech giants in the world,…

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Samsung to take its mobile payments into Chinese market

samsung Pay test mobile payments devices technology news galaxy grand 2

The tech giant will be following Apple into that space and claims to support credit and debit cards from 9 banks. Samsung has announced that its mobile payments service has now launched for the first time within the Chinese market, where it will be joining an exceptionally crowded space that already includes its top rival, Apple. Apple Pay stepped into the second largest economy in the world almost a month and a half ago. China also happens to be the largest smartphone market in the world and Samsung has managed…

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TD Canada Trust launches its own mobile payments service

Canadian Mobile payments

TD Bank app has been updated to use new payment service TD Canada Trust has beaten both Apple and Samsung in launching a new mobile payments service in Canada. The company has launched its own payments platform in an effort to better connect with mobile consumers that rely heavily on their smartphones and tablets. The service is part of the TD Bank application, which is now available for Android devices. Those with TD Canada Trust Visa cards can now use the app to connect to sales terminals throughout the country,…

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Apple and Samsung to bring mobile payments services to China

Apple Music app

Apple and Samsung have formed deals with UnionPay to enter China’s mobile payments market Apple and Samsung are set to compete with one another in China, which has become one of the world’s leading mobile payments markets. Both companies have managed to form deals with China’s UnionPay, one of the country’s largest banks. For Apple, this comes after a great deal of negotiation, where the company found resistance to its plans to enter into China’s mobile payments market. With an entry into the market, Apple predicts to find significant success…

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