The smartphone friendly transaction system is now adding a new electronic funds source. Square has just announced that its Wallet app has been updated for both iOS and Android devices in order to be able to allow its users to make mobile payments through gift cards, in addition to the other funding methods available. Users are able to send the gift cards directly through Square from their e-receipt. As soon as a Square customer receives the electronic receipt from a merchant that accepts this brand of mobile payments, he or…
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Mobile commerce battle stepped up by Square
The smartphone payments startup has introduced digital gift cards into its mix to compete with PayPal. Smartphone payments startup, Square, Inc., has upped the ante in the battle against PayPal for a dominant position in the mobile commerce environment, with a new feature that allows retailers to sell gift cards to shoppers. This updated version of the Square Wallet application allows for the purchasing and redemption of gift cards. The app is compatible with both iPhone and iPad devices, as well as those running on the Android operating system. The…
Read MoreSmartphones are causing the world to change its views of cash
Apps are changing the way we pay for products and services. Mobile technology and applications by companies ranging from large international organizations to headstrong startups are running full tilt in the race to be the top choices for consumers to purchase products from websites, transfer funds, pay bills, manage investments and even shop at brick-and-mortar stores, without a second thought to actual physical cash. According to Marc Rochman, whose startup, Openbucks, allows smartphone owners to use gift cards to pay for purchases online, “We are changing the way people think…
Read MoreWrapp announces the upcoming availability of new social feature in Brazil
The creator of many social service Facebook applications has announced its entry into the Brazilian marketplace Shortly after taking its first steps into the United States market, new social mobile gifting app developer, Wrapp, has announced that it is getting ready to move into Brazil, as well. This social application was created for use in Facebook for smartphone users, allowing them to thank, treat, surprise, and celebrate with their family and friends by giving gift cards from their favorite retailers. By using Wrapp, friends can contribute to the purchase of…
Read MoreStarbucks rules over the m-commerce world
Since the initial launch of the Starbucks app in January 2011, its rate of mobile transactions through smartphones has doubled, and has broken the 26 million mark. These figures mean that the café chain has surpassed all of the more obvious mobile leaders, including Google, PayPal, eBay, Visa, and MasterCard. According to a press release by the company, within the last nine weeks alone, mobile devices were used by Starbucks customers in order to complete approximately 6 million transactions, which is an increase of three million transactions over the first…
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