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Mobile payments trends are seeing growth held back by biometrics

06/14/201606/11/2016 Jennifer Goula

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the best efforts of some of the largest tech giants in the world,…

Samsung to take its mobile payments into Chinese market

04/06/201604/05/2016 John Montgallo

samsung Pay test mobile payments devices technology news galaxy grand 2

The tech giant will be following Apple into that space and claims to support credit and debit cards from 9 banks. Samsung has announced that its mobile payments service has now launched for the first time within the Chinese market, where it will be joining an exceptionally crowded space that already includes its top rival, Apple. Apple Pay stepped into the second largest economy in the world almost a month and a half ago. China also happens to be the largest smartphone market in the world and Samsung has managed…

Mobile technology may reduce dissatisfaction with money transfers

02/03/201602/02/2016 Jennifer Goula

The frustrations associated with those types of transactions could disappear with smartphones. The results of a recent Amdocs survey have shown that over 83 percent of respondents strongly feel that they would be willing to use a mobile technology device for completing international money transfer transactions. The vast majority of current international money transfer services are not fully satisfying their customers. Among the survey respondents, 82 percent said they were dissatisfied with their experiences in using more traditional services for international transfers through money transfer operators (MTOs) and banks. Nearly…

Mobile payments interest about 50 percent of consumers

12/30/201512/29/2015 L. Green

New Gartner research shows that about half of all consumers will be interested in the transactions by 2018. Gartner Inc. has now released data that indicates that by the year 2018, approximately 50 percent of consumers within mature markets will be interested in using their smartphones or wearable technology devices in order to complete mobile payments when purchasing products and services. Consumers living in countries such as Japan, the United States, Canada and those in Western Europe are showing interest. According to Gartner, mobile payments technology is starting to gain…

Mobile apps now work with Android Pay

12/22/201512/20/2015 Jesse Collins

Though Google’s mobile payments service has been out for a while, it just stepped into a new market. Though Android Pay was originally launched earlier this fall, it’s only very recently that it has now become available for use within mobile apps to pay for purchases as an alternative transaction method. Google has stated that people will be able to use the option in several Android apps selling goods and services. This means that when someone reaches the checkout and is ready to pay for his or her purchases within…