Mobile banking sees 13 percent usage jump in Q1

mobile banking

The South Korean market has greatly expanded its use of these apps and services during the span of three months. According to data that has been released by the central bank in South Korea, mobile banking in that market has undergone a 13 percent increase in terms of its daily usage over the span of the three months that made up the first quarter of this year. This insight underscores the strength of the growing trend toward mobile device use for financial transactions. During the period running from January through…

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Mobile payments no fee startups still no competition for PayPal

Paypal Mobile Payments

Even though the services may cost less, these new and smaller companies are no match for the current giant. Although the use of mobile payments hasn’t taken off nearly as quickly as many in the industry had hoped or expected, PayPal is still managing to hold its own, and to thrive, particularly when compared to the many startups that have tried to carve their own slice of the market. Even though consumers aren’t using the services very much, the market from the provider side is becoming crowded. Venture capitalists are…

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Mobile payments contactless option to launch in Iceland

blackberry mobile payments visa

The new program will allow merchants to accept transactions through smartphones in store. It has just been announced that Iceland will be taking its first steps into the mobile payments world, as the Valitor card issuer has entered into a partnership with the Point electronic transaction solutions provider, for a software that will let merchants accept transactions through contactless Visa cards and smartphones through PayWave. This will make it possible for consumers to leave their wallets at home and use smartphones to check out. This new mobile payments option in…

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Google Wallet takes over for Google Checkout

Google Wallet

Google has decided that it wants a single payment platform for both merchants and consumers. Consumers checking out from a mobile commerce website are now provided with the opportunity to use the new payment method. The Google Checkout service is now having its name changed to Google Wallet, so that there is only a single brand being used for customers who are shopping with merchants who accept online payments. Google Wallet is the new service provided by the company that is designed to allow mobile payment transactions to be completed…

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Study shows mobile payment transactions to break hundred billion mark in the near future

Mobile Commerce projections

According to research performed by Pyramid Research, as published in a recent report, over the next few years, mobile payment transactions will reach and surpass hundreds of billions of dollars. As mobile technology continues to play an increasingly important role in people’s daily lives, payment vendors are now scrambling to be able to take advantage of the opportunity created by those people’s desire to include the use of their mobile devices in their product purchasing decisions, including searches, price comparisons, store locations, and even the purchases themselves. According to the…

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