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Mobile payments due for more disruption in 2013, says PayPal

12/21/201212/21/2012 John Montgallo

The head of the company, David Marcus, posted on the company blog to say that the area would continue with challenges. The president of PayPal, David Marcus, used the company’s blog in order to make a post with some of his predictions about what is to come next year, including the future of mobile payments. The posting included forecasts both about offline and online forms of paying for products and services. According to Marcus’s post, “At PayPal we have an end-to-end view of the industry that others don’t and I…

Mobile payments standard to be created in China

11/30/201211/28/2012 John Montgallo

The People’s Bank of China has announced that it intends to create a national standard. There may be a mobile payments national standard available in the near future for China’s smartphone users, as the People’s Bank of China has announced its intentions to create one, said the vice-director of its science and technology department, Lu Shuchun. It is expected that the standard will use the 13.56 MHz internationally common technology. This is based on the assumption that near field communication (NFC technology) in smartphones will become the center of the…

Mobile commerce deal to be made between Vodafone and Gemalto

10/29/201210/28/2012 Julie Campbell

The agreement is designed to extend over the next five years. Gemalto, a digital security company, will be signing a global deal to last five years with Vodafone Group PLC, the mobile giant, in order to provide the technology for mobile commerce payment services that are slated to roll out in 2013. Gemalto is an Amsterdam based company that should be announcing the deal this week. As of yet, no financial details regarding this mobile commerce deal have been released. As the popularity of smartphones and other wireless devices continue…

Mobile commerce application from Zoompass purchased by Paymobile

10/19/201210/19/2012 Jesse Collins

mobile commerce app popularity - zoompass example

The acquisition is expected to have been made in order to broaden smartphone payments positions. Paymobile Inc., a mobile commerce company based in Toronto, Canada, and which also specializes in financial services technology, has just acquired Zoompass, to add to its broad range of virtual and open loop prepaid card programs. Zoompass is a service that was first launched by EnStream in 2009. It was designed as a smartphone and tablet based, payment service with stored value, and which also included links of companion contactless payment cards to matched accounts.…

Mcommerce to show notable growth in both eBay and PayPal

10/15/2012 Jorge Gonzalez

Third quarter earnings in both giants have increased significantly over Q2. Though the first and second quarters showed notable mcommerce achievements for eBay, this did not hold the company back from experiencing yet another important period of growth during the third. The revenue growth seen by eBay in the first half of the fiscal year ended with a 23 percent Q2 rise. This growth is being credited primarily to PayPal, which increased its active member base by approximately one million per month in the second quarter. The Total Payment Volume…