Category: Mobile Payments

Jul
30
2013
July 30th, 2013 by Admin

China

People’s Online Daily is reporting that online electronic payment transactions carried out on Chinese mobile payment providers is expected to be above 9 Trillion yuan, which is $1.45 Trillion in U.S. Currency. China’s mobile electronic payments in 2012 were at 800 billion yuan. That sets an increase in mobile payments made on smartphones and tablets at 265% over the previous year. With more and more Chinese citizens coming online analysts say that the steady growth in the mobile payment landscape is expected to continue to rise well into 2020. Last year, mobile electronic payment transactions rose 66% to nearly 3.7 trillion yuan. Read more of this article »

Posted in Mobile Payments Tagged with: , , , , , , , ,

Jul
15
2013
July 15th, 2013 by Admin

At the heart of mobile payments is persona. In a cash based humanity, persona isn’t a very big anxiety as everyone’s money is the same. But if you are going to be swiping, scanning, or only signalling to the Starbucks barrista as she agrees your picture to your face, your persona is the critical enabler to making the entire design work.

So it might be a good idea to gaze at the concept of persona a little more nearly. Identity habitually arises as a part of a structure intended to permit the identifier some kind of rights and privileges while defending the interests of the identifying party. The outcome of this need is some kind of identification, which could be a borrowing card, passport or driver’s license, or a myriad of alike things. Read more of this article »

Posted in Mobile Payments Tagged with: , , , , ,

Jul
13
2013
July 13th, 2013 by Admin

Mobile ascertain deposit, one time a reduced main concern expertise for banks, has become one of the most searched out Mobile banking app characteristics. But along with attractiveness and increased use, the promise for deception is emerging for smartphone ascertain down payments.

A latest report from ath Power Consulting recognizes isolated deposit arrest as Mobile banking users’ most desired app characteristic.

Banks are responding. Research from Celent displays that in 2009, 72% of reviewed financial institutions had no designs to offer Mobile isolated deposit arrest (RDC). By 2012, only 18% were holdouts. Read more of this article »

Posted in Mobile Payments Tagged with: , , ,

Jul
08
2013
July 8th, 2013 by Admin

In discussions about merchant service providers, Square and PayPal entering talks is a given. Sqaure offers free credit card readers to entice merchants to switch their credit card processing to them. PayPal recently launched an initiative to expand it’s reach into retail stores and offers to waive processing fees through 2013. With the coming rush to mobile transaction processing more companies are entering the fray. AT&T, Verizon, T-mobile and Sprint are looking to get into the credit card transaction processing gig as they already carry that data over their cellular networks. ISIS Wallet and Google’s digital wallet bring credit card transactions to Android smartphones and tablets, and Visa is expected to launch its Visa Ready program as it rolls out test merchants. Read more of this article »

Posted in Mobile Payments Tagged with: , , , , , , , , , , , , , , , , , ,

Jul
08
2013
July 8th, 2013 by Admin

Visa is going all out against cash driving the adoption of mobile payment services. In Europe Visa expects that over 50 million contactless payments will be made each month by years end. Head of Visa’s mobile business Sandra Alzetta expects a wave of NFC enabled smartphones from smartphone and tablet makers such as Samsung, HTC and LG. The European versions will ship with Visa’s mobile PayWave and Mobile wallet services driving their growth in mobile payment services. Read more of this article »

Posted in Mobile Payments Tagged with: , , , , , , ,

← Previous Article