MasterPass QR code central to Ecobank cashless campaign

masterpass qr code - mobile payments

The bank has launched this new solution for merchants in order to let them use mobile devices to accept payments. The EcoBank MasterPass QR code based mobile payments solution launched with small merchants in mind. This service makes it possible for merchants to use their mobile phones to accept payments from their customers. This solution is the result of a partnership between Ecobank and MasterCard in a broader retail payment strategy. Through the MasterPass QR code, Ecobank’s merchant customers can use any mobile device to accept payments. This eliminates the…

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Mobile payments awareness is rising in North America despite low adoption

mobile payments awareness wallet NFC near field communication

Consumers here still feel most transactions will be based on cash at least until 2020. An Accenture study showed mobile payments awareness has reached 56 percent of consumers in North America. This represents a 4 percent increase over the figures recorded a year ago. That said, those same consumers don’t appear to be adopting mobile wallets. Regular mobile payments usage has stayed at 19 percent among North American consumers. This, despite the fact that a much higher number actually know the transaction method exists. Among the respondents in the mobile…

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Mobile banking services help young people save their money

mobile banking services

A new Halifax Savings survey has shown that 18 to 24 year olds find it easier to save using digital tools. New research has revealed that four out of every five young adults find that online and mobile banking services are helping them to increase their balances and save their money in an effective way. The research also discovered that what is true for younger consumers is not the same for older ones. Among people between the ages of 18 and 24 years of age, 81 percent using their bank’s…

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Touch ID added to American mobile banking app

mobile banking

U.S. Bank has now announced that this security upgrade with fingerprint scanning is available. One of the latest announcements from U.S. Bank has revealed that its mobile banking app will now support Touch ID for iPhone users as a simpler way to keep their financial details safe while still conveniently accessing their account. This means that users of recent iPhone generations can use their fingerprints as passwords. According to the U.S. Bank executive vice president and head of omnichannel banking, Gareth Gaston, “We have been looking at ways to use…

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1 in 5 mobile banking customers use QR codes

qr code scans

In Poland, 20 percent of consumers have been scanning quick response codes through the mBank service. The findings from a new Marketing Mobilny w Polsce 2013-2014 report has revealed that almost 20 percent of Polish people between the ages of 16 and 40 years are using QR codes as a part of their mobile banking habits. The survey was conducted with the participation of 302 smartphone users who reside in Poland. The mBank service was recently introduced in Poland and has become quite popular. It is based on the use…

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