Will mobile payment technology be the end of ATMs?

ATM mobile payment technology

The automated teller machine turns 50 years old in 2017 but some think its days might be numbered. The automated teller machine (ATM) turned 50 this year, but with mobile payment technology gaining ground, many wonder how long the older tech will last. Though these cash dispensing machines were once regular stops in consumers’ lives, their importance is fading. The first ATM was installed in north London at the Enfield Town location of Barclays Bank. The first customer to actually use one of these machines was Reg Varney, an actor…

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American mobile payments infrastructure half a decade behind India’s

mobile payments infrastructure adoption trends

Ezetap CEO, Bobby Bose, recently stated that the Indian systems are “five years ahead of the U.S.” The American mobile payments infrastructure is far from a global leading marketplace, according to recent Ezetap CEO statements. The head of the Indian mobile payment firm, Bobby Bose, said that his home country’s infrastructure “is probably five years ahead of the U.S.” India is undergoing a massive shift toward the digital marketplace and most consumers are choosing mobile. “India is going through a digitalization of almost everything. It started with commerce, went to…

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PayPal mobile wallet go head to head with Amazon in massive market

Paypal mobile wallet silver logo graphic

The digital payment platform has applied for its license to operate within the Indian marketplace. PayPal mobile wallet will soon be available to Indian consumers and merchants as the global online payments giant applies for its license to operate in the country. This follows closely on the heels of Amazon’s similar entry into that massive market. The American company has applied to the country for a prepaid payment instrument (PPI). This would place PayPal mobile wallet in a market where these types of payments are suddenly taking off. It is…

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Standard QR code in the works in India

india mobile commerce, standard qr code

The Indian government is seeking to find a way to create a single type of barcode across mobile payment providers. The government of India is working on the concept of a standard QR code system that could be used by Indian payment providers. This could make it possible for merchants to more easily offer a spectrum of transaction options to customers. QR codes are the technology of choice for the government, which is trying to reduce the use of cash. The Indian government has now asked some of the top…

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India mobile payments take off as large bank notes disappear

India mobile phone manufacturing

The country recently shocked its citizens by getting rid of its largest paper currency, causing a cash crunch. As the country scrambles in a massive cash reduction, India mobile payments are taking off as an alternative. Mobile wallets have received an almost instant shot in the arm with the surprise notice of the disappearing bank notes. Some mobile payment providers have already reported record breaking numbers over the last few days. Paytm, for instance, the largest India mobile payments firm, reported more than seven million transactions on Saturday alone. This…

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