Google has officially launched Android Pay Google is taking another swing at mobile payments with the launch of its Android Pay platform. The new platform has been officially launched in the United States and is designed to work alongside Google Wallet, which is the company’s initial foray into the mobile commerce scene. Google has worked with various organizations to ensure that its mobile payments service will be as widespread as possible. Currently, Android Pay is accepted at more than 1 million retail locations throughout the United States. Android Pay is…
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Indian banks team with Visa to take on mobile commerce
Mobile commerce to get a boost as banks partner up with Visa Several Indian banks have begun to test a mobile payment service that has been developed by Visa. Axis Bank, HDFC Bank, ICICI Bank, and State Bank of India have all agreed to test Visa’s mVisa service, which will allow their customers to make in-store transactions with their mobile devices. They will also be able to use the service to pay bills and send and receive money with their smartphones. The service will be available to approximately 20,000 merchants…
Read MoreCompanies stand to gain from the thriving mobile commerce market
Companies showing support for mobile commerce are expected to see gains in the coming years Several companies are expected to benefit from the growing prominence of mobile commerce, according to analysis from Pacific Crest. Mobile has long been a thriving channel through which businesses could effectively engage consumers, but as mobile commerce continues to grow, companies that have positioned themselves well in the payments space are likely to find more success. PayPal, Vantiv, Visa, MasterCard and others are gaining significant momentum and may soon see major gains as a result…
Read MoreTokens may be the answer to mobile commerce security
Tokenization is becoming a top priority in the mobile commerce space Tokenization is becoming a very important concept in the mobile commerce space. As this sector continues to grow, it is becoming a more attractive target for malicious groups. These groups sometimes attempt to steal the financial information of consumers in order to make fraudulent payments. Security has long been an issue that has plagued the mobile space, and now that payments have become mobile-centric, securing payment platforms is becoming a major priority. Event will highlight the potential of digital…
Read MoreVisa broadens its mobile payments service in the UK
The digital wallet service is now undergoing yet another expansion to make it easier for people to adopt. According to one of the latest announcements from Visa Europe, the mobile payments service from the credit card giant will soon be broadening even farther, in order to improve the online shopping experience for thousands of people throughout the United Kingdom. The goal is to improve the convenience and appeal of the mobile wallet service for people in the U.K. The company has established partnerships with a number of the biggest high…
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