On The Web

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Domains

Adoption of mobile payment shifts consumer spending patterns, habits

December 18 2018

• in
• Mobile Payments

“Using a unique data set from one of the largest banks in China – which contained the transaction data from personal computer, offline and mobile payment channels – Xu and co-authors found that, on average, the total transaction amount increased by 2.4 percent after the adoption of the mobile payment channel, and that the total […]

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Domains

‘Rail commerce’ hits £2.6bn in UK as a fifth of commuters shop on mobile while they travel

November 28 2018

• in
• Mobile Payments

“The research, conducted by KBH On-Train Media in partnership with Retail Economics, found that £1 in every £25 of total online retail spend is carried out by commuters while travelling by train. The average value of each transaction is £28.19, which equates to £4.87 every day they commute. This is projected to grow by just […]

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Domains

Mobile payments now account for 6% of all UK card transactions

November 21 2018

• in
• Mobile Payments
• UK

“The percentage of payments made with a mobile phone in UK stores has jumped from 1.3% in Q3 2016 to 5.6% in Q3 2018, an analysis of 190m card transactions has shown. Compared to this time last year, the volume of contactless mobile payments has increased by 60%. For payments under the £30 contactless payments limit, […]

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Domains

ANZ mobile payments soar during the Christmas season

December 18 2018

• in
• Mobile Payments

“The data revealed that ANZ mobile payments increased 120% more in October 2018 compared to the same time last year. Department stores, delivery services, electronics, beverages and hardware all featured in the top shopping categories. It also noted that supermarkets, petrol stations and cafes are some of the most popular places for shoppers during the rest of […]

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Domains

Indonesian mobile payments set for cross-platform boom

December 20 2018

• in
• Mobile Payments
• QR codes

“Although they already saw rapid growth in 2018, transactions via mobile payments platforms and prepaid cash cards, which are very popular in underbanked Indonesia, still account for a small slice of retail sales. They will make up a bigger slice in 2019 when Bank Indonesialaunches a centralised gateway allowing cross-platform transactions. At the heart of this system […]

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Domains

Visa, SiriusXM unveil plans at CES for in-vehicle payments platform

January 8 2019

• in
• Mobile Payments

“The companies, who announced the deal at a CES event, said the connected payment service will allow drivers to pay for everything from coffee to highway and bridge tolls, as well as to locate and pay for parking, according to the release. The service will use biometric authentication of Visa account holders through voice and touchscreen commands in order […]

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Domains

Leutz: The Victims of Venmo

January 3 2019

• in
• Mobile Payments
• P2P
• Remote Commerce

“Spending money in the digital era feels more like waving a magic wand, or playing a video game, than making monetary decisions. In this way, there is a growing feeling of numbness, or detachment, between the consumer and digital currency. When people can’t physically see money leaving their hands, they are at a higher risk […]

On The Wires

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Domains

Paying for Uber Just Got Easier for PayActiv Users

January 9 2019

• in
• Mobile Payments

“In a new partnership with Uber for Business, PayActiv is proud to announce an innovative method to access Uber service. Rides are now available to the many who were unable to access Uber service due to lack of liquidity and or banking status. PayActiv users can access their already earned wages and directly pay for Uber rides […]

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Domains

Phillips 66 Company collaborates with Honda Developer Studio to offer in-vehicle fuel payment

January 4 2019

• in
• Mobile Payments

“Phillips 66 (NYSE: PSX) is collaborating with Honda Developer Studio to develop in-vehicle fuel payment integration that allows Honda vehicle owners to reserve a pump and pay for fuel at Phillips 66®, 76® and Conoco® branded locations through their in-dash infotainment system. This new in-vehicle feature will allow drivers to find the nearest Phillips 66, 76 or Conoco station […]

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Domains

Wirecard Expands Cooperation With Singtel’s Dash to Enable Mobile Payments With Apple Pay

December 20 2018

• in
• Mobile Payments

“Wirecard, the global innovation leader in digital financial technology, has deepened its partnership with Singtel’s Dash to support the Dash mobile wallet’s Visa Virtual Account on Apple Pay. From now on, Dash’s customers can make payments using Apple Pay at millions of participating on- and offline merchants worldwide.”