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.

Japan and ASEAN plan QR code mobile payments integration

Stephanie Beck
QR code - Mobile Transactions - ASEAN Logo

The Association of Southeast Asian Nations and Japan intend to unify their systems next year Beginning next year, the Association of Southeast Asian Nations (ASEAN) and Japan intend to combine their QR code mobile payment systems to streamline transactions and skip currency exchange requirements. This strategy will be particularly beneficial to tourists moving throughout the region. This strategy was announced by the Ministry of Economy, Trade and Industry in Japan (METI), and the Vietnam News Agency (VNA). Its purpose is to make spending a smoother experience throughout the regions. METI…

Read More

Bill payments increasingly common through mobile wallets

L. Green
Mobile wallets - Paying a bill

A recent study showed that one in five consumers make auto loan payments in this way Consumers are getting on board with mobile wallets to an increasing degree, not only for making purchases in store, but also for a range of other types of transactions. Convenience makes them popular Among the advantages consumers are enjoying the most about using mobile wallets for a spectrum of applications is that they can use them for managing their finances and for storing sensitive personal identification information, among other data. A recent PYMNTS survey…

Read More

Google is killing its Google Pay mobile wallet app

L. Green
Mobile wallet - Image of Google Search Screen

The tech giant announced that users in the United States will lose access to the app on June 4, 2024. Google has announced that it intends to terminate another application, which will this time take the form of its Google Pay mobile wallet app. The company said the move is a part of its strategy to simplify payment options Users in the United States will stop being able to use the mobile wallet application as of June 4, 2024. Google is aiming to shift Google Pay users over to Google…

Read More

Paytm mobile payments warned told that complying to regulations is not “optional”

Jennifer Goula
Mobile payments - Breaking Rules - India

The popular service was found to have failed to comply with the law in India, where it is popular. Popular mobile payments service provider, Paytm Payments Bank, is at the heart of a controversy in India, where it is highly popular. The company has been accused of failing to realize the need to comply with legal regulations. Union minister Rajeev Chandrasekhar said no company can get away with such actions. The union minister was making reference to the Reserve Bank of India’s regulatory action on the mobile payments and financial…

Read More

PayPal gives its Venmo mobile payments app an overhaul

Stephanie Beck
Mobile payments - PayPal logo on phone

The company’s stock has tumbled as much as 6.5 percent since last summer following product revamps. PayPal Holdings CEO Alex Chriss recently promised that the company would “shock the world” with changes coming up to products like its mobile payments. The announcement and the optimism it brought sent the stock price up by 5 percent for the days following. The upgrades include mobile payments app Venmo revamps as well as the opportunity to use the PayPal app to earn cash back. Furthermore, the checkout process for consumers has been streamlined,…

Read More