Search Results for: mobile payments
NOVONOUS estimates that Global Mobile Payments market will grow at a CAGR of 36.26% by 2020
May 12th, 2016
NOVONOUS estimates that Global Mobile Payments market will grow at a CAGR of 36.26% by 2020. This growth is mainly due to increasing penetration of Mobile Payments in various sectors, increase in analytics services and availability of affordable Mobile ...
Mobile Payments: Where’s the Benefit?
May 5th, 2016
The ‘use case’ for mobile payments, particularly at the point of sale, is still not strong enough to lure the bulk of smartphone owners. Apple’s Tim Cook speaks of mobile payment adoption as if the market is exploding. On ...
Chase, Wal-Mart Seek to Disrupt Mobile Payments Business in 2016
January 4th, 2016
Banks and retailers move to capture tap-and-pay transactions Apple, Google will see new competition in evolving market American consumers will have more choices in 2016 for how they make purchases with their smartphones as big banks and retailers vie ...
LG moves into mobile payments market
November 20th, 2015
Korean mobile handset manufacturer LG is to step into the crowded m-payments market, forming an alliance with Shinhan Card and KB Kookmin Card to launch LG Pay. LG quietly revealed its plans on its Facebook page, posting a picture ...
Samsung Electronics says mobile payments data safe after LoopPay hack
October 8th, 2015
Tech giant Samsung Electronics Co Ltd said its Samsung Pay user data is safe after a hacking attack against a U.S.-based subsidiary that developed a key technology for its newly-launched mobile payments system. Disclosure of the attack, first reported ...
Mobile payments trend is getting bigger: MasterCard to connect Europe to Samsung Pay
July 30th, 2015
Samsung has struck a deal with MasterCard to connect European card issuers to the handset manufacturer’s forthcoming mobile payments service. Under the agreement, European banks will be able to connect to the MasterCard Digital Enablement Service platform and activate ...
Wal-Mart and allies in face-off with Apple Pay over mobile payments
October 30th, 2014
Suddenly it’s Apple versus Wal-Mart in the fight for shoppers’ digital wallets. With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores (WMT.N) is aiming to upend the $4.5 trillion credit card ...
Electronic Payments Remain Top Priority for Global Companies in Digital, Mobile Age
August 20th, 2015
While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments. Clients at the Bank of America ...
Apple sued over monopoly on contactless payments
July 26th, 2022
Tech giant Apple is facing a lawsuit in the US over allegations that its monopoly on contactless payments made using iPhones constitutes anti-competitive conduct. iPhone users can only make contactless payments through Apple Pay, while users of Android-powered smartphones ...
Mobile wallet use growing worldwide, reveals data report
June 16th, 2021
Digital or mobile wallet payment was the most popular POS payment approach globally in 2020, grabbing 21.5% of transaction payment market share in 2020. The boom was due to the COVID-19 pandemic and consumer fear of paper banknotes related ...
