Category: Mobile Payments

Many referred to mobile payments to be NFC technology but there are other avenues that many businesses are taking to keep up with this trend. For instance, some have used QR codes on bills that resolve to a mobile site enabling a secure mobile payment.

Apple agrees to allow NFC payments from third party companies in EU

Stephanie Beck
NFC payments - EU and Apple

The iPhone maker has offered to make near field communication transactions available to rivals. Apple and the European Commission have reached the next step in their long-running disagreement over the use of the iPhone maker’s NFC payments services. The American company has now offered to allow rivals to use the tech, possibly ending this dispute. The European Commission has announced that Apple intends to open its NFC payments technology, used for contactless or tap-and-go transactions, to third-party mobile wallet providers. There have been rumors about this move circulating for about…

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Many frustrated with Apple’s App Store alternative attempts

John Montgallo
App store - Man looking upset by what he's seen on phone - apple logo

What the iPhone maker delivered has made app developers even more frustrated than ever before. Apple is now receiving developer requests for those seeking to be able to process payments from customers in the US without using the App store’s own systems. Many application developers want to take payments without using the one Apple offers. Software makers welcomed the opportunity for the change to receiving payments through their offerings in the App Store. Their hope was that an alternative option would make it possible to sidestep the fees that Apple…

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Ericsson wants to hold half of the mobile wallet market in Africa

Sam Lambert
Mobile wallet - Person holding globe showing Africa continent

The company from Sweden considers the continent to be a massively important market moving forward. Ericsson’s mobile wallet software already powers over 400 accounts worldwide, and the head of the company’s mobile financial services unit, Michael Wallis-Brown, is now pointing to Africa as a vital market in broadening its reach. The company currently estimates that it has a hold of about 10 percent of the African market. “We’re touching 10% of the market in Africa today, and we can get to 50%,” said Wallis-Brown in a media interview. “That’s enormous…

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PayPal mobile payments suffer following Venmo’s removal from Amazon

Stephanie Beck
Mobile payments - Shares Drop - PayPal and Amazon logos

When the online marketplace giant made the announcement, PayPal started taking an immediate hit. PayPal shares have been falling since last week when Amazon announced to its users that the popular mobile payments service owned by PayPal, Venmo, would no longer be an accepted transaction method on its site or app. Amazon announced that the changes to the transaction method acceptance would start January 10. Though Venmo hasn’t yet been cut off for shoppers making mobile payments on Amazon, PayPal is already suffering from the decision as its stock price…

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EU drivers may soon be able to add licenses to mobile wallets

L. Green
Mobile wallets - EU Flag - Car

The European Council has proposed the change as a part of a new package of legislation. The Council of the European Union has unveiled changes to a proposed package of legislation intended to make it legal for EU drivers to be able to add their licenses to mobile wallets in the form of the European Digital Identity Wallets. The first proposals were put forward by the European Union Commission as a “road safety package” component. This one of the two proposed legislative packages would include an entire overhaul of the…

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