Mobile payments may breach the $1 billion mark in 2013

mobile payments - QR codes

eMarketer has released its predictions for the United States and they are slower than previously expected. Even though the growth of mobile payments that was expected earlier this year is not panning out to be true, the slow increases that are still being made still might allow transactions to top $1 billion in the United States this year if the latest eMarketer data is correct. Though this may seem as though it is an important milestone this year, it is expected to be far greater in 2017. The eMarketer predictions…

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Mobile payments could grow tremendously among underbanked Americans

Mobile Payments

This demographic in the United States is now seen to be a key player in the growth and success of the transactions. Current estimates show that in the United States, there are 68 million people who are considered to be underbanked, and the majority of them are highly familiar with cell phones, which makes them ideal candidates for benefiting from what mobile payments have to offer. This can mean that if the market is able to crack this demographic, it could have the potential for tremendous growth. The primary hurdle…

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Mobile payments through Passbook popular at Sephora

Sephora augmented reality

iPhone users are proving to be among the best customers at the beauty product company. Sephora USA Inc. has just revealed that Apple Passbook users are among its bets customers, as these mobile payments users will typically spend twice as much and as often as other shoppers. The retailer has used its Passbook pass to provide loyal customers with rewards and other benefits. According to Sephora, there have been more than 600,000 Beauty Insider loyalty cards that have already been registered by customers into their Passbook mobile payments wallets through…

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Mobile payments deal between Visa and Monitise is formed

blackberry mobile payments visa

The new agreement for more than $59 million is meant to help extend smartphone money in Europe. Visa is now predicting that by the year 2020, over half of the transactions that are made by consumers in Europe will be done through mobile payments, so it is continuing to invest in this channel so that it will remain at the heart of this type of transaction. This is only one of several deals that Visa is currently making to stay central to this industry. The mobile payments partnership between Visa…

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Mobile wallet demoed to allow restaurant patrons to pay at the table

Mobile Wallets

A new integrated payments system demonstration at an Innovation event to set the bar for 2013. Cloud based mobile wallet provider, Padiant, has announced its latest solution which includes a pay at the table service for restaurants. The first demonstration of this product will occur at an event that will be held at Harvard. Later this month, the first view of the mobile wallet service will help companies, restaurants, and smartphone users to see a glimpse of the type of service that they should expect to become much more mainstream…

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