Millions of American retailers can now accept transactions through the system using the mobile web. This week, PayPal announced that over 2 million American retailers will soon be accepting Venmo mobile payments as a checkout option. This system is launching across the United States and reflects PayPal’s growing partnership with Venmo. The Venmo mobile payments checkout option will soon become available at any U.S. location that PayPal is accepted. Businesses with Venmo will be able to accept the transactions by way of the Braintree platform. This allows Venmo customers to…
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QR code transactions grew by 400 percent this year, says MobiKwik
The quick response code usage growth rate is credited to the ease of barcode deployment and scanning. MobiKwik, a large mobile wallet provider in India, has announced that QR code transactions have grown by 400 percent throughout 2017, so far. The company credits the simplicity of quick response code deployment and use for the rapid growth rate. The mobile wallet company has launched its services throughout India based on QR codes. “QR codes will drive digital payments in India and major use cases such as milk, grocery and small mom…
Read MoreWill mobile payment technology be the end of ATMs?
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…
Read MoreCool QR codes make for cashless carwashes
A Canadian company providing self-serve wash bays has used quick response codes as an alternative to tokens. A new system of cool QR codes makes it possible for drivers to wash their cars without the need for exact change. At Valet Car Wash in Cambridge, Canada, customers previously needed to use change to buy tokens. While they can still use cash to use the self-service carwash, they now have the choice to use smartphones, too. The quick response codes were chosen due to the ease and affordability of their generation…
Read MoreConsumers in mature markets are embracing mobile payments more aggressively
Half of all consumers may opt to use their mobile devices to purchase products by 2018 Half of all consumers in mature markets are expected to be using their smartphones and wearable devices to make mobile payments by 2018, according to a new report from Gartner. Innovation in mobile applications and services will likely have a major impact on traditional business models, forcing merchants to take steps to better engage mobile consumers. More consumers are beginning to use their devices for productivity and entertainment, a trend that is creating new…
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