mobile commerce payments Archives

Report shows mobile commerce spurs NFC adoption

06/25/201306/22/2013 Stephen Vagus

Mobile commerce helps makes NFC more popular Most modern mobile commerce initiatives are based on the use of NFC technology. This technology allows for digital information to be transmitted over short distances and have proven very proficient in facilitating payments from mobile devices. The problem, however, is that only mobile devices that are equipped with NFC technology can make use of these mobile commerce platforms. These devices have been somewhat rare in the past, but the growing popularity of mobile commerce has forced device makers to bring new NFC-enabled smartphones…

Mobile commerce apps set to replace credit cards for payment options

01/10/201304/13/2014 L. Green

Those with smartphones will find less need to use plastic or cash to make payments as mobile commerce payments are expected to have a huge upswing in 2013. Financial companies set to gain in mobile commerce Thus far, mobile apps for payments have been a huge disappointment, but a group of mobile industry heavyweights believe financial services will successfully tap the market for paying with mobile apps, making cash and credit cards optional for smartphone owners. The big winners are thought to be established financial groups like Visa and banks,…

Mobile payments are taking off among local merchants and consumers alike

08/17/201208/16/2012 Jesse Collins

The convenience and ease has great appeal for commercial transactions. A growing number of businesses and consumers alike are beginning to use applications on their smartphones and tablets in order to use mobile payments to complete purchase transactions. Simple to install device readers are popping up at the checkout counters of local merchants nationwide. By using mobile payments, innovators are discovering new ways to help to minimize the mess that has become of the checkout process among all of the various options that are taking an increasing amount of time…

The mobile payment struggle faced by PayPal

06/27/201106/27/2011 Jorge Gonzalez

Paypal Mobile Payments wearable technology

It is currently estimated that PayPal mobile payments will generate a volume of $3 billion in 2011, which is twice what was forecasted in the last quarter of 2010, and has increased significantly from the $2 billion prediction from April, 2011. Paypal has explained that its current mobile payment volume is a total of $10 billion, which is a jump from the figure seen in March, which was a daily $6 billion. This tremendous spike in volume indicates that PayPal has discovered a successful path for allowing for mobile device-based…