mobile payment companies Archives

India mobile payments take off as large bank notes disappear

11/23/201611/21/2016 Julie Campbell

The country recently shocked its citizens by getting rid of its largest paper currency, causing a cash crunch. As the country scrambles in a massive cash reduction, India mobile payments are taking off as an alternative. Mobile wallets have received an almost instant shot in the arm with the surprise notice of the disappearing bank notes. Some mobile payment providers have already reported record breaking numbers over the last few days. Paytm, for instance, the largest India mobile payments firm, reported more than seven million transactions on Saturday alone. This…

The mobile payments revolution is stalling

05/19/201405/19/2014 Stephen Vagus

Mobile commerce proves to be a difficult market to understand Mobile commerce may be growing more popular, but mobile money has yet to become revolutionary. Over the past few years, society has become more reliant on mobile technology. People around the world are using their mobile devices more frequently in their daily lives, using these devices to communicate, access the Internet, and shop online. While mobile shopping is gaining ground with people throughout the world, mobile payments have yet to become the revolution that many people believe it is. Consumers…

M-commerce partnerships spreading at PayPal

10/26/201208/06/2013 John Montgallo

The company has revealed that it is working with Shopgate, following other similar announcements. PayPal has announced the latest in its m-commerce partnerships, as it joins forces with Shopgate, a mobile commerce service provider based in Germany. This news release followed close on the heels of the announcement of its partnership with Moneygram. By partnering with Shopgate, PayPal will be able to offer a larger number of opportunities to online stores. This primarily focuses on a joint package that will let them not only expand their traditional online shops, but…

Bump Pay app allows smartphone owners to exchange funds

04/03/201204/03/2012 Sam Lambert

Bump Pay, the second app by Bump Labs, has brought the company into the mobile payments market, allowing its users to tap their phones together in order to exchange money. The Bump Pay app has been developed based on the core technology of the company, which gives two smartphones the ability to transfer data to one another simply by tapping them together. This differs from near field communication (NFC) – which is the foundation of the Google Wallet – in that it requires the two devices to make physical contact…

Google makes new fee-splitting offer to carriers to increase adoption of Google Wallet

04/02/201204/02/2012 John Montgallo

Though Google Wallet found its start last year to launch that company’s entry into the mobile payments sphere, the service has failed to take off as expected, due to the large amount of competition and its reliance on NFC technology, which remains limited among handsets. In order to overcome some of the struggles presented by those hurdles, reports are indicating that Google has been considering making cost sharing offers to carriers such as AT&T and Verizon Wireless, to entice them to adopt the technology so that Google Wallet will increase…