worldwide mobile payments Archives

Mobile payments may be waiting for iPhones before they take off

11/24/201211/22/2012 Jennifer Goula

Industry experts think that the market may not fulfill its potential until Apple fully joins in. Although it is expected that 2012 will have seen an increase of 70 percent in the mobile payments marketplace by its close, it is also believed that the rate of growth will be significantly higher when Apple makes its way into the mix. By the year 2016, it is predicted that the global volume will have reached over 400 million. New players are constantly making their way into the mobile payments environment, with mcommerce…

Mobile payments preparations being made by Square

09/19/201209/19/2012 Julie Campbell

It is getting ready for the rollout with Visa and Citi behind it. Square – the largest mobile payments company, from San Francisco – has now reached a $3.25 billion valuation after raising $200 million as it readies to go global. Though it has not broken any records in its value, it is certainly up from its funding round last year. Only three years after the initial launch of Square, the co-founder of the company, Jack Dorsey (who was also the co-founder of Twitter), is now ready to take the…