Nigerian MasterPass QR code launches for mobile payments

masterpass qr code

This digital payment service can be used by scanning quick response codes for authentication. The MasterPass QR code has launched in Nigeria, making it one of MasterCard’s latest additions to the mobile payments market. This option supports person-to-merchant payment transactions. The goal is to make it possible for millions of medium, small and even micro enterprises to accept digital payments. The MasterCard mobile payments QR codes arrived through a partnership with Ecobank Group. Together the bank and the credit card giant launched an Ecobank MasterPass QR code based mobile payments…

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NFC mobile payments will be used by 1 in 4 Brits in 2017

NFC Mobile Payments Mastercard QR Code PayPass MasterPass

New research from MasterCard has predicted that over the upcoming 12 months there will be a significant shift. MasterCard has now released the results of a new research study in which it determined that NFC mobile payments will be used by one quarter of all Brits throughout the next twelve months. This will represent a considerable increase in the trend toward the use of mobile wallets in the U.K. At the moment, MasterCard’s figures show that the current rate of use of NFC mobile payments within this market is at…

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Mobile commerce is growing aggressively in Vietnam

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Google reports that mobile payments have become a powerful force in Vietnam due to smartphones ownership Mobile commerce is exploding in Vietnam, according to a new report from Google. The company’s Vietnamese branch has found that there is a major shift in consumer behavior due to the growing availability of mobile devices. According to the report,  mobile consumers in the country pick up and look at their devices an average of 150 times a day, or more than 10 times every hour. Notably, these consumers are becoming more interested in…

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“Selfie Pay” mobile payments to roll out from MasterCard

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A new form of verification is going to be launched in order to help to ensure transactions are secure. MasterCard has now revealed that it will be using its investments into facial recognition tech as a part of its mobile payments verification systems in order to help to make smartphone based transactions more secure. The goal is to decrease the risk of falsely declined transactions while boosting security when using mobile wallets. Trials of this mobile payments verification version using “Selfie Pay” have already been conducted in the Netherlands and…

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Mobile payments could succeed if they prove to be simple, flexible and convenient

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A recent study by MasterCard has shown that these are the primary features sought by consumers. MasterCard has now released the results of a study that has shown that in terms of mobile payments, consumers are seeking methods that are flexible, simple, and convenient among the new innovations that they would be willing to consider when they pay for products at retail locations. This is important insight to be considered by companies that are presently or soon to be in this market. As retailers and other companies move toward mobile…

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