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Mobile payments apps are not all created equal

07/30/201307/27/2013 John Montgallo

Xtreme Labs has conducted a study that reported on the winners and losers in these applications. The results of a study that was performed by Xtreme Labs have just been released, revealing the ratings that American consumers have applied to various mobile payments and banking apps in the United States. The report clearly showed that there were a number of well liked applications as well as those that were entirely disliked. The analysis was performed using customer reviews that were officially submitted to the Apple App Store and to the…

Mobile payments could grow tremendously among underbanked Americans

06/12/201306/10/2013 Julie Campbell

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…

Mobile payments may be waiting for iPhones before they take off

11/24/201211/22/2012 Jennifer Goula

Industry experts think that the market may not fulfill its potential until Apple fully joins in. Although it is expected that 2012 will have seen an increase of 70 percent in the mobile payments marketplace by its close, it is also believed that the rate of growth will be significantly higher when Apple makes its way into the mix. By the year 2016, it is predicted that the global volume will have reached over 400 million. New players are constantly making their way into the mobile payments environment, with mcommerce…

Mobile payments may be slowly adopted among American shops and consumers

10/18/201210/18/2012 Julie Campbell

Widespread use of this technology may not arrive until 2020, according to some experts. Though many companies and smartphone experts are counting on the rapid adoption of mobile payments and wallets over the next few years in the United States, there are some who believe that it will take a while for Americans to embrace this technology. This perspective has aligned closely with the suggestion that U.S. NFC technology adoption could be slow. A panel of mobile payments experts have stated that American adoption of near field communications may experience…

Mobile payments preparations being made by Square

09/19/201209/19/2012 Julie Campbell

It is getting ready for the rollout with Visa and Citi behind it. Square – the largest mobile payments company, from San Francisco – has now reached a $3.25 billion valuation after raising $200 million as it readies to go global. Though it has not broken any records in its value, it is certainly up from its funding round last year. Only three years after the initial launch of Square, the co-founder of the company, Jack Dorsey (who was also the co-founder of Twitter), is now ready to take the…