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Mobile payments show signs of taking off in US

03/21/201303/20/2013 Sam Lambert

The latest figures show that approximately 12 million Americans have been depositing checks using smartphones and tablets. According to the latest numbers, estimates regarding the use of mobile payments in certain areas are actually higher than many of the predictions had expected them to be. While smartphone wallets continue to struggle to take off, certain banking behaviors are skyrocketing. The check deposit sector of mobile payments has proven to be faster in its growth and stronger overall than even the most bullish advocates of the industry had predicted. This particular…

Mobile payments partnership formed between Smartlink and Tagit

01/03/201304/13/2014 Sam Lambert

These two companies have joined together for a Vietnamese smartphone banking service. Tagit, a smartphone banking provider based in Singapore, has just announced that it has entered into a partnership for mobile payments with Smartlink, a payment switch operator from Vietnam. This new offering is geared toward allowing bank with a membership to offer smartphone services. According to the Tagit president and head of business development, Navtej Singh, “This is an important milestone for Tagit as we introduce our aggregated service, which will expand the user base on Tagit’s mobile…

Smaller banks and credit unions face broadening mobile banking gap

02/14/2012 L. Green

The most recent report issued by Javelin Strategy & Research has identified a broadening gap between the adoption rates of mobile banking at smaller banks and credit unions, and that experienced by much larger banks and financial institutions. The data from the research firm showed that among regional and community banks, only 21 percent of consumers are adopting mobile banking. Similarly, only 15 percent of consumers are using mobile banking at credit unions. Comparatively, 37 percent of the customers of very large financial institutions are adopting the behavior. Banking using…