Payments News » Mobile Payments

Apple Is Becoming A Formidable Fintech Company

August 1 2018

in
Mobile Payments

“A growing anxiety for bank executives is how and when big tech companies will encroach on their turf. During its quarterly earnings call yesterday, Apple CEO Tim Cook gave some insight into the company’s progress in becoming something of a fintech player: Apple Pay transactions tripled from a year earlier, to more than 1 billion. Cook said […]

Companies

You’ll Soon Be Able To Use Your iPhone To Pay For CVS Prescriptions With Apple Pay

August 1 2018

“For its part, CVS says about 7,800 stand-alone pharmacies will accept Apple Pay, quite a turnaround from Oct 2014, when the drugstore chain stopped accepting Apple Pay payments, over a conflict at the time with another mobile payments system called CurrentC, that eventually failed before it ever really got going. CurrentC came out of a consortium of […]

Companies

Amazon And SoftBank Vie To Take Japan Cashless

July 30 2018

“The platforms offered by the U.S. online retail giant and the Japanese tech and investment powerhouse will require minimal investment by merchants. That approach is friendly to smaller businesses — a group that is estimated to account for about 90% of Japan’s shops — for whom obtaining specialized equipment is a heavy burden. Through local arm Amazon Japan, […]

Companies

Why Millennial Favorite Venmo Is Paypal’s Key to Future Success

August 10 2018

“The possibilities are endless for Venmo, as it can be a payment option in any industry that has straightforward exchanges of money. Uber and Abercrombie & Fitch ANF are just two examples of Millennial-loved companies that Venmo has recently partnered with. These moves are part of a larger “Pay with Venmo” initiative, a long-term strategy to monetize Venmo. PayPal’s latest quarterly […]

Companies

Google Pay support arrives for 30 new banks in the United States

August 27 2018

in
Mobile Payments

“Google Pay, just like Apple Pay, keeps expanding in the United States almost on a monthly basis. Today, Google updated the list of banks and credit unions that now support its mobile payments service with 30 new names. “

Domains

Complexities of the German payments market – could mobile payments become meaningless?

August 28 2018

“The Germans are known to have a strong and ingrained attachment to cash. In fact, more daily transactions are carried out in cash than in neighbouring European countries. However, this could be changing; there is growing adoption of electronic payments which is illustrated by the fact that between 2008 and 2017, the proportion of cash payments […]

Domains

Mobile payment on fast growth in China

August 28 2018

“China’s mobile payments continued fast growth in the second quarter of 2018, the central bank data showed. The country’s banks processed 14.92 billion mobile payment transactions in Q2, up 73 percent year on year, according to the People’s Bank of China. The value of these transactions totalled 62.88 trillion yuan (9.15 trillion U.S. dollars), up 60 percent […]

Domains

Google Pay has arrived (in Italy)

September 19 2018

in
Mobile Payments

“Whether you need to do your daily shopping or plan a night out, your Android phone is all you need when you leave home, thanks to Google Pay” . Starting today, Google Pay is available in Italy to help you pay easily and securely with your phone.

Domains

BofA Merrill Introduces Mobile Wallets for Business Cardholders

September 13 2018

“Starting this month, mobile wallets will begin to make our commercial clients’ lives easier through faster, more secure and more efficient business purchases, while providing the same convenience they have in their personal transactions. The millions of Bank of America Merrill Lynch cardholders who use our corporate, commercial and purchasing cards in the United States […]

Domains

CITCON launches service at Mall of America® to welcome Chinese consumers

August 15 2018

“The CITCON solution allows MOA merchants to expand reach and better engage with over one billion Chinese consumers who are actively using Alipay and WeChat Pay as their preferred payment methods and communications platforms at home and abroad.The solution also enables merchants to reduce friction in the checkout process, offer seamless payment experiences anywhere in the […]