7-Eleven mobile payments project launches cashierless store

7-Eleven mobile payments - 7-Eleven Store

The shop, located at its headquarters in Irving, Texas, has opened its doors in pilot mode. A unique 7-Eleven mobile payments project has led to the opening of the brand’s first ever cashierless store. The shop, located at the headquarters, is already operational and is open to company employees. So far, the 7-Eleven mobile payments project is in a pilot phase of testing. The first cashierless store is in Irving, Texas, at the 700 square foot headquarters store. Only company employees are able to shop at the location for the…

Read More

Mobile payments confidence still isn’t there for most consumers

mobile payments confidence - paying with smartphone

The majority of shoppers haven’t yet formed the trust needed for regular mainstream m-pay use. Most consumers still have not reached the point that they have enough mobile payments confidence that they would be willing to use this type of transaction, particularly on a regular basis. Despite the convenience m-pay services have to offer, consumers don’t feel their information is safe. Shoppers acknowledge that m-pay methods are convenient, will save them time, and that innovation is important. That said, the mobile payments confidence simply isn’t there to make consumers to…

Read More

China UnionPay and Tencent to use integrated QR codes for mobile payment ease

Integrated QR Codes - Quick response code on mobile phone

The goal of this move is to streamline the transaction experience for consumers and merchants. China UnionPay and Tencent have announced that they will be using integrated QR codes for a smoother checkout experience while using mobile payments. This move could greatly benefit UnionPay in catching up with the market leaders. Bringing together the quick response codes may help UnionPay to take a firmer place into the market in the country. UnionPay is a network top lenders created together. That said, it has not been able to gain nearly as…

Read More

PayPal completes GoPay acquisition required to access Chinese market

GoPay Acquisition - Handshake - acquisition money

The American digital payment firm has now acquired a 70 percent equity stake. PayPal has now confirmed the completion of its GoPay acquisition. The American firm purchased a 70 percent equity stake in the Chinese Guofubao Information Technology company. This represents the first time a foreign payments platform will provide online pay services in China. Through the GoPay acquisition, PayPal will become the first company from outside of China to offer online payment services within the country. The purchase in the majority stake in the company didn’t come as a…

Read More

Mobile order and pay adoption took off this year

Mobile order and pay - businessman using smartphone

A new analysis showed that consumers are increasingly using this opportunity to purchase in advance. The results of a new analysis showed that consumers are adopting mobile order and pay at an increasing rate. The data clearly showed that some forms of retail have become quite successful in its implementation. The research was conducted based on data from the Mercator Advisory Group. That firm published their findings in their report called “Mobile Payments: Making a Comeback.” The report looked at the adoption of mobile order and pay trends as a…

Read More