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Mobile payments popularity will be greater than credit cards in two years

10/12/201710/12/2017 Jennifer Goula

A new U.N. report underscored the skyrocketing growth of PayPal, Alipay and other blockchain based transaction systems. A United Nations report indicates that by 2019 mobile payments popularity will “overtake credit cards” in terms of online shopping use. The report pointed to blockchain using systems as primary drivers for the popularity of mobile transactions. The United Nations body released a report saying that digital currency systems of payment will see greater use in e-commerce than debit and credit cards by 2019. The mobile payments popularity report was released by a…

Tencent reports greater growth thanks to mobile games and other ventures

03/25/201603/23/2016 Stephen Vagus

Company finds more success through a strong mobile focus Tencent, one of China’s largest Internet companies, has released information concerning its performance over the past year. In terms of sales, the company saw a 45% increase in quarterly sales, which is better than it had expected. Tencent is seeing significant growth through its mobile endeavors, especially where payments and gaming are involved. The company is also selling a wealth of content via its mobile platforms, such as WeChat and QQ. Adding rich content to mobile platforms make them more attractive…

Apple brings mobile payments service to China

02/26/201602/24/2016 Stephen Vagus

Apple Pay has launched in China, but may struggle to find success Apple has finally launched its new mobile payments service, called Apple Pay, in China, but the service has received a mixed response among consumers. The Chinese market is quite attractive for companies interested in mobile shopping, largely due to the rapidly growing number of consumers opting to use their smartphones to make purchases online. Apple has been working to break into the Chinese market, but has been met with some resistance from the country’s banks, which had shown…

Mobile games to see explosive growth in China

01/14/201601/13/2016 Stephen Vagus

Report predicts the massive growth that the mobile gaming market is expected to see China’s mobile games industry is expected to see extraordinary growth in the coming years. A new report from the China Game Industry Annual Conference shows that the revenue generated by mobile gaming has reached $7.94 billion. This represents an 87.2% year on year increase. Many Chinese consumers have begun showing a great deal of interest in mobile gaming because it represents a convenient form of entertainment. These consumers have also shown that they are willing to…

Patent filing highlights next step in mobile payments for Apple

01/11/201601/10/2016 Stephen Vagus

Apple is looking to further expand its efforts in the mobile payments market A recent patent filing from Apple suggests that the company may have more plans for the mobile payments space. The patent involves the development of a new system, which will serve as a peer-to-peer payments platform that will expand on iMessage. The iMessage service is widely used by consumers, as it allows them to text, send photos, and share videos with one another. Now, Apple intends to ensure that the service can be used for payments as…