Mobile wallet partnership forms between Samsung Pay and South African PayGate

Mobile wallet - Business - Partnership

The South African payment gateway has announced it is accepting the electronics giants’ payments. South African online payment gateway PayGate, a DPO Group subsidiary, has announced that it is adding the Samsung Pay mobile wallet to its list of payment methods its merchants will be able to accept. This solution makes it possible for smartphone users to complete transactions with their phones. The mobile wallet is from a trusted brand and allows consumers to be able to complete a purchase without having to use cash or share any of the…

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Samsung rolls out new mobile wallet app to store cards, keys and boarding passes

Mobile wallet app - Samsung phone

This mobile payments option will place the company in direct competition with Google and Apple. Samsung has recently announced the launch of its own mobile wallet app, which makes it possible to store credit cards, digital IDs, car keys and other essential digital documents. This has arrived at a time when Google and Apple have both announced changes to their own. Google recently announced that it would be overhauling its own mobile Wallet app. Apple has announced that its Apple Pay would be receiving a range of new features. Now,…

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Apple Pay comprised 92 percent of US mobile wallet transactions last year

Mobile wallet transactions - 92%

A recent Pulse study showed that the iPhone maker’s app easily dominated smartphone payments. Apple Pay was by far the leader in mobile wallet transactions in 2020, which was in itself a critical year in smartphone-based payments growth. Last year was a critical one in the expansion of this payment method due to the pandemic. As consumers across the United States sought more contact-free payment methods, they looked to their phones to complete their purchases using mobile wallet transactions. Among those who did, Apple Pay was used 92 percent of…

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This year, UK mobile commerce will hit £2.27 trillion

UK mobile commerce - British Pounds

By the end of next year, m-commerce in the United Kingdom will have reached £2.73 trillion. By the end of 2021, UK mobile commerce will have reached the £2.27 trillion ($3.16 trillion) and will rise even further to reach £2.73 trillion by the end of next year, says a Kaleido Intelligence report for Payvision. This is occurring as consumers and businesses alike seek contact-free transactions in the pandemic. The report showed that 11 percent of all online shoppers around the globe are currently using mobile wallets at least once per…

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Contactless payments to account for 1 in 3 in-store transaction by 2020, report

contactless payments - debit machine

Payment cards and mobile wallets will reach $2 trillion in two years. Worldwide, in-store contactless payments transactions will exceed $1 trillion for the first time this year. This is according to recent data published by Juniper Research. The leading fintech analysts also estimate that, globally, in-store contactless monetary transactions will hit $2 trillion by 2020 and will represent 15 percent of the total point-of-sale transactions. Both card payments and mobile wallets are expected to drive the growing use of these payments. Even though both of these contactless payments will be…

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