Tag: South Korea

Samsung teams with MasterCard for mobile payments

Stephen Vagus
NFC Mobile Payments Mastercard QR Code PayPass MasterPass

Samsung is working with MasterCard to augment new mobile payments service Samsung has announced that it has partnered with MasterCard for its new mobile payments platform. Later this year, Samsung intends to launch its first mobile payments service, called Samsung Pay, in Europe. The company will compete directly with Apple, which plans to launch its own payment service in the European market later this year as well. With MasterCard, Samsung believes that it will have an edge in this competition and could limit the success that Apple sees in the…

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Mobile commerce market is growing quickly throughout the world

Stephen Vagus
mobile commerce asia pacific

Report highlights the growth that the global mobile commerce market is experiencing A new report from yStats shows that mobile commerce is experiencing healthy growth throughout the world. The report notes that the global mobile commerce market has, in some cases, seen triple digit growth rates, which means that the market is beginning to overshadow the overall online retail market in terms of sales growth. Notably, however, desktop computers remain the favored way for consumers to shop online, but many are beginning to use their smartphones to shop for and…

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Global mobile commerce market is showing healthy signs of growth

Stephen Vagus
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Cirteo report highlights the rise of mobile commerce throughout the world The mobile commerce market is growing quickly throughout the world. Globally, retailers are becoming more mobile-centric, taking note of growing smartphone penetration and the increasing demand for mobile services that allow consumers to shop from their devices. A new study from Criteo shows that the state of the global mobile commerce market is quite healthy, with mobile driving aggressive growth in the e-commerce space as well. Notably, mobile shopping is growing most in Asia, where smartphone penetration is accelerating.…

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Samsung’s mobile payments service to launch in September

Stephen Vagus
samsung indian smartphone market

Samsung sees promise in the mobile commerce space due to growing consumer interest Samsung has plans to launch its own mobile payments service in South Korea and the United States in September of this year, somewhat later than the company originally planned. After the initial release, the service, called Samsung Pay, will be released in Europe, China, Australia, and South Africa. These details were revealed by Samsung executive vice president of mobile commerce Dr. Injong Rhee during a recent Samsung event. Company will compete with others in order to find…

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Mobile banking sees 13 percent usage jump in Q1

Sam Lambert
mobile banking

The South Korean market has greatly expanded its use of these apps and services during the span of three months. According to data that has been released by the central bank in South Korea, mobile banking in that market has undergone a 13 percent increase in terms of its daily usage over the span of the three months that made up the first quarter of this year. This insight underscores the strength of the growing trend toward mobile device use for financial transactions. During the period running from January through…

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