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.

AI voice transactions more readily available for mobile payments in India

Jennifer Goula
AI voice transactions - Voice technology on phone

The country’s UPI intends to roll out these services more expansively to rural users. The mobile payments system in India has taken off explosively since it first launched in 2016 and is now receiving an AI voice transactions upgrade to broaden access to these services. The service already has about 350 million active users who made almost 10 billion transactions last month. The AI voice transactions feature makes it possible for a consumer to complete digital payments both offline and through their voices. The purpose is to better reach communities…

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Consumers love paying bills with mobile wallets, but fees could block growth

L. Green
Mobile wallets - Paying using phone

Half of consumers say they wouldn’t use this feature if it came with an added cost attached to it. All age demographics are using their mobile wallets to an increasing degree for the purpose of bill payments. Consumers enjoy the convenience of being able to pay their bills whenever and wherever they want. There is certainly an advantage to using mobile wallets when compared to now outdated methods of paying bill such as writing a paper check and mailing it or heading to the bank or institution to make a…

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WeChat Pay and Alipay mobile wallet companies add international credit card support

Stephanie Beck
Mobile wallet - Image of credit cards

The giants from China are now allowing overseas visitors to add foreign credit cards to their digital wallets. Overseas visitors to China are now able to link their international credit cards to a WeChat Pay or Alipay mobile wallet and use them to make purchases wherever those digital payment transactions are accepted. This means that Visa, Mastercard, Discover, and JCB cardholders can all use their cards in their phones. The Alipay and WeChat Pay mobile wallet permissions have now been updated, making it possible for international credit card users to…

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Rakuten Group to combine its mobile payments and credit card business units

L. Green
Mobile payments Japan - person paying via mobile

The struggling Japanese company intends to fold together several of its units, according to recent announcements. Rakuten Group, headquartered in Japan, has announced its intentions to fold its mobile payments and points businesses into its credit card unit. This move could align the company to eventually list its card business as it has done with others. Even though Rakuten earns solid earnings from its e-commerce business, it has continually lost money over 12 straight quarters as a result of the expensive expansion of its mobile payments business, which didn’t gain…

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Millennials love their mobile wallets while Boomers hesitate

Sam Lambert
Mobile wallets - Millennial holding wallet and phone

The use of digital transactions continues to rise, but user trends differ by generation. Consumers across all age groups are adopting the use of mobile wallets on an increasing basis, but some generations are following this trend much more enthusiastically than others. While some are using this technology quite readily, others are more hesitant to use regularly or at all. PYMNTS has release the results of their “The Mobile Wallet Challenge: Replacing Physical with Digital” study. The research was conducted in collaboration with ACI Worldwide. It involved surveying more than…

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