Tag: apple pay

Apple Pay Later launches, letting US consumers buy now

Stephanie Beck
Apple Pay Later - Buy Now Pay Later - Mobile

This type of popular way of shopping has reached the iPhone maker and its mobile wallet. Earlier this week, Apple Pay Later was launched by the iPhone maker as a “buy now, pay later” (BNPL) service for consumers in the United States. The initial rollout is only to select users, but they do intend to complete a full rollout this year. The launch of Apple Pay Later is starting in the United States and will begin with a number of select users, expanding in coming months to a full rollout.…

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Vipps mobile payment app takes on Apple in Norway

John Montgallo
Mobile payment - Flag of Norway

The application is calling for the European Union’s (EU) antitrust regulators to take action. Norwegian mobile payment app company Vipps has called for European Union (EU) antitrust regulators to require Apple to permit access to its tap-and-go functionality without any restrictions, said Rune Gaborg, the company’s CEO. The goal is to make it possible for other companies to be more competitive in the digital transaction space. Gaborg made his comments seeking action from the EU’s antitrust regulators against the iPhone maker the day after Apple made its latest effort to…

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Apple leads in mobile wallets use but not in total purchases

John Montgallo
Mobile wallets - Payment with iPhone

The iPhone’s payment app has been around for 8 years, and adoption has been rising quickly. The Apple Pay has been available in the mobile wallets category for 8 years as of 2022 and while it did have a slow start – as did many others in that category – but it has started picking up. In the United States, adoption of all phone-based digital payment methods has been slow. The report “Apple Pay at 8: Connected-Tech Consumers Lead the Way” issued by PYMNTS showed that even though more than…

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Contactless mobile payments collaboration forms between CTBC Bank and Soft Space

Stephanie Beck
Contactless mobile payments - Paying with wearable device

The partnership will work as a system used by Taiwanese taxis to make it easier to charge fares. CTBC Bank, based in Taiwan, has entered into a partnership with Soft Space, a fintech from Malaysia, to launch a contactless mobile payments system to be used by cab drivers to collect taxi fares. The system will allow customers with Android smartphones and NFC technology to tap to pay. The contactless mobile payments system will be powered by Soft Space so that Android phone users can pay for their cab rides using…

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Apple Pay snags 48 percent of mobile wallet use

Jorge Gonzalez
Mobile wallet - Person using Apple Pay

Even with this massive share, its use represents only a tiny fraction of total retail payments. Mobile wallet use is beginning to take off, and Apple Pay is leading the way with a considerable market share. That said, even with such a high position among transactions made via smartphone, it barely represents a sliver of total in-store payments. The use of these payment apps for in-store commerce is rising but is barely there next to cash and cards. The new PYMNTS report titled “Mobile Wallets Adoption: Apple Pay @8 –…

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