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Top restaurant in Chicago to embrace WeChat Pay

06/20/201906/20/2019 Sam Lambert

Steak 48 will be adding mobile wallet payments to its payment options. To accommodate the number of Chinese tourists visiting its restaurant, Steak 48, one of Chicago’s top restaurant brands, plans to accept WeChat Pay starting July 1st. All Prime Steak Concepts brands will support the payment platform. WeChat Pay is one of the largest mobile messaging and payment platforms in the Chinese sector and the world. With millions of tourists and business travelers coming from China to shop at stores and enjoy a meal at restaurants in North America,…

PayPal rolls out Venmo mobile payments across the United States

10/19/201710/18/2017 L. Green

Millions of American retailers can now accept transactions through the system using the mobile web. This week, PayPal announced that over 2 million American retailers will soon be accepting Venmo mobile payments as a checkout option. This system is launching across the United States and reflects PayPal’s growing partnership with Venmo. The Venmo mobile payments checkout option will soon become available at any U.S. location that PayPal is accepted. Businesses with Venmo will be able to accept the transactions by way of the Braintree platform. This allows Venmo customers to…

Peer to peer mobile payments starting to make US smartphone transactions relevant

11/09/201611/07/2016 Sam Lambert

young women teens peer to peer mobile payments

Though the majority of consumers have yet to start paying for products with devices, they are showing interest. Recent figures show that peer to peer mobile payments are starting to give smartphone transactions a boost in the US. That category of mobile wallet use is seeing the most rapid growth by far. In store mobile payments to purchase goods and services are still seeing notably slower growth. Peer to peer mobile payments has remained the category of transactions consumers in the US are most likely to use on their devices.…

Mobile payments will make up only 1 percent of US transactions by 2019

11/20/201411/18/2014 Jennifer Goula

Consumers will still be using their plastic credit and debit cards the vast majority of the time in 5 years from now. The release of Apple Pay has caused many people to think that this is the point at which mobile payments will be taking off, but a recent report has suggested that by 2019, these smartphone based transactions will still make up only 1 percent of all consumer spending in the United States. Many feel that the growth of Apple Pay is restricted as it does not share spending…

Mainstream adoption is eluding mobile payments

03/09/201403/06/2014 Note From The Editor

Mobile commerce continues to be on the cusp of going mainstream Mobile payments have been on the verge of becoming mainstream for years now. The idea is attractive to people that have become very reliant on smartphones and tablets, but it has yet to take hold with most people. The idea of shopping from a mobile device is very similar to the concept behind e-commerce. Shopping online is, perhaps, one of the most significant trends to emerge in the retail and business sectors in the past decade. In general, however,…