Tag: wallet app

Mobile wallet payments to break $13 billion by 2021 in UAE

Stephanie Beck
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Large and widespread programs are underway for upgrading the country’s banks and devices for mobile wallets Massive mobile wallet strategies have now been launched in the UAE. As a result, mobile wallet payments will reach $13 billion in the country within a span of five years. The strategies will upgrade all devices and UAE banks to accept transactions via smartphones. The Mobile Wallet Project has been launched and will take a 35 percent market share in five years. The prediction is that the mWallet will generate $13.6 billion in mobile…

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Mobile wallet from MCX sits idle as market grows increasingly crowded

John Montgallo
Mobile payments trends wallet

Smartphone payments are being used on an increasing basis, but the Merchant Customer Exchange is standing still. At a time in which many of the biggest players in tech and the financial industries have been putting out their own mobile wallet apps, one of the most highly anticipated additions to the market has remained notably absent from this market. The Merchant Consumer Exchange (MCX) has been talking about its mobile payments, but still has no offerings. The MCX has been discussing the development of its mobile wallet for quite a…

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Amazon dumps its mobile payments Wallet app

Jesse Collins
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The massive online marketplace has decided that it won’t be continuing with the service it launched last summer. After only six months, Amazon has decided that it has had enough of its Wallet app and has kicked its mobile payments service to the curb, representing the end of its first attempt to take its first small steps into this arena. The mobile wallet app is now being taken down from both the Amazon and the Google Play app stores. While existing users will still be able to use the mobile…

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