HSBC Qatar announces launch of mobile payments services

Mobile payments service - HSBC Building

The financial institution is debuting the transaction and collection service for corporate customers. HSBC Qatar has announced the rollout of a new mobile payments service that it is making available to its personal and corporate customers. The company explained that the feature was launched as a part of the payment digitizing effort. The new mobile payments service will also be simplified in order to target the country’s unbanked sector in addition to visitors to Qatar. This will align the bank’s strategy with the country’s regulator’s ambitions. The second part of…

Read More

New PayPal mobile wallet app is ready for its big debut

Mobile wallet app - PayPal app on phone

The completely overhauled “super app” will include all new options, services, and messaging. PayPal has given the go-ahead to move toward the launch of its newest mobile wallet app, which is expected to come with a full spectrum of additions. This digital payment application is now considered to be “code complete,” said the PayPal CEO. Dan Schulman, PayPal CEO, discussed the new mobile wallet app during the second quarter earnings call last week with investors. He called the application “code complete” and said that PayPal was preparing for a slow…

Read More

Half of the world will be using mobile wallets in 2025, study

Mobile wallets - person using mobile wallet

From 2020 through 2025, the transactions completed using these apps will break the $1 billion per year mark. A mobile wallets trend report was recently published, indicating that one in every two people in the world will be using this type of app by 2025. By the end of last year, 2.8 billion wallets were already being used by people around the world. Boku, the fintech behind the 2021 Mobile Wallets Report in a partnership with Juniper Research, estimated that the use of these smartphone-based payments will rise by almost…

Read More

Harnessing the Power of Contactless Payments for Your Retail Business

Harnessing the Power of Contactless Payments for Your Retail Business

The COVID-19 pandemic has majorly affected many industries and the retail industry is no exception. Retail businesses heavily rely on cash transactions and other payment methods that involve physical contact. Social distancing and other restrictions created big trouble for both consumers and retailers. Thanks to the latest technology of contactless payment that made it easier for retailers to offer a safe and advanced payment solution to their customers.  The trend of mobile payments is gaining popularity and has now become an important part of the retail industry. Businesses that are…

Read More

PayPal wallet to allow users to withdraw cryptocurrency into third party apps

PayPal wallet - Bitcoin Symbol

The digital payment transaction company announced its intention to add the new crypto option. Last week, PayPal Holdings Inc announced that it intends to make it possible to withdraw cryptocurrency from the PayPal wallet into third party payment apps. The American online payments company first started allowing cryptocurrencies on its platform in October. Though it does accept cryptocurrencies onto its own PayPal wallet, the company does not currently allow its users to move the digital coins off its own platform. This news was announced at the CoinDesk Consensus 2021 conference.…

Read More