Tag: google mobile wallet

Android Pay gives Japanese consumers a new mobile wallet option

Jorge Gonzalez
android

The payments app has now arrived in Japan and will be available at over 470,000 shopping locations. Japanese consumers with smartphones powered by Google’s mobile operating system will now have access to Android Pay. The mobile wallet will bring them access to smartphone payments at over 470,000 locations in Japan. Anywhere that already accepts Rakuten Edy e-money will now also accept Android’s mobile wallet. A Google statement pointed out that Android Pay will become an alternative to the prepaid Rakuten Edy service. This is only the most recent attempt the…

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Mobile payments primed to break the $1 trillion mark in 2 years

Jorge Gonzalez
Mobile payments platform

A recent report is showing that this important achievement could be made by 2015. According to experts in mobile payments, the use of smartphones for this purpose – as opposed to using credit and debit cards – may rise to the point of being a $1 trillion business by the year 2015. Some experts are crediting the introduction and use of innovative apps that are breaking new ground. Though mcommerce is no longer considered to be a channel that is brand new. However, the mobile payments field, in which smartphones…

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South Korea to test NFC payments in busiest market in the nation

Stephen Vagus
MyeongDong Street South Korea Mobile Commerce

NFC-powered mobile wallets are getting their first large scale, real world trial in Seoul, South Korea. The city is home to one of the busiest marketplaces in the world, known as Myeong-Dong Street. Hundreds of shops line the street, making it a prime testing ground for the performance of mobile payments. The Korea Communications Commission has teamed with several telecommunications companies, such as Samsung and Nokia, to bring NFC terminals to more than 200 stores lining the street. Smart devices are becoming very popular in South Korea. The number of…

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Predicted Apple and Google Wallet will pressure MNOs into heavy mobile payment rivalry

Jorge Gonzalez
Mobile Commerce

Mobile wallets are at our doorstep, and though mobile network operators (MNOs) will be offering most of the mobile wallets based on NFC, from 2012 to 2016, their massive slice of the market will begin to decrease in size as Apple and Google start to draw their own loyal users. According to ABI Research senior analyst for mobile commerce and NFC, Mark Beccue, by the end of 2012’s fourth quarter, “Google will prove that Google Wallet is a hit with consumers. By 2014, we will see Google Wallets supported alongside…

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NFC technology embraced by the mobile industry worldwide

Julie Campbell
Hong Kong mobile payments

This year, the worldwide adoption of near field communication (NFC) has taken off in the mobile industry, as Google Wallet has made its strong debut and top manufacturers of mobile devices, such as Samsung (Google), Nokia, LG, RIM, and ZTE, have been producing handsets enabled with the technology. In mainland China alone, there are more than 900 users of mobile devices, making it the region with the greatest potential for the future growth of NFC use. Companies that are aiming to connect with NFC suppliers or to research new innovations…

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