Payments News

On The Web

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EMarketer Apple Pay Forecast Estimates, US Mobile Proximity Payment Forecast Estimates

“Apple Pay’s dominance, as well as increasing retailer adoption of proximity mobile payment technology, is driving transaction volume growth in the US, according to our latest forecast. We estimate US proximity mobile payment transactions will total $98.88 billion in 2019, growing 31.8% to $130.36 billion next year. By 2021, the total transaction value will reach […]
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Domains

Japanese Merchants Report Sharp Increase in Mobile Transactions

“Launched on 1 October , Cashless Japan lets consumers avoid a new increase in sales tax from 8% to 10% by selecting a non-cash payment method when they check out at any of some 500,000 merchants around the country. Convenience stores are already seeing a 50-60% increase in mobile transactions, the Nikkei Asian Review reports […]
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China mobile payments maintain rapid growth in Q3

“China’s mobile payments continued fast growth in the third quarter of 2019, showed data from the central bank. Banks in the country processed 27.27 billion mobile payment transactions in the period, up 61.05 percent year on year, said the People’s Bank of China in a report. Value of these transactions increased by 31.52 percent from […]
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On The Wires

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Wirecard and Orange Bank Enable Mobile Payments for Even More French Consumers

“Wirecard, the global innovation leader for digital financial technology, and Orange Bank are expanding their successful cooperation and now offering all Android users in France convenient mobile payment with Google Pay. Thanks to Wirecard, Orange Bank has already established itself as the market leader for mobile payments in France – 17% of such payments were made via the Orange […]
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Canadian Credit Unions Expand Mobile Payments With Interac® Debit on Google Pay™

The Canadian Credit Union Association (CCUA) announced today that Access Credit Union (MB), Affinity Credit Union (SK), Assiniboine Credit Union (MB), Innovation Credit Union (SK), Prospera Credit Union (BC), Servus Credit Union (AB) and Steinbach Credit Union (MB) are the first credit unions in Canada to launch Interac Debit on Google Pay. Members of these credit unions can now make purchases directly from their chequing or savings accounts at […]
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Domains

PayByPhone Surpasses 30 Million Users

“PayByPhone, the leading global provider of mobile parking payment solutions, today announced it reached over 30 million registered users mark – a 22 percent growth from last year. Additionally, PayByPhone completed more than 102 million global transactions year to date. The volume of PayByPhone’s transactions rose 29 percent year-over-year.”