Mobile Payments

Mobile payment, also referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only recently that the technology to support such systems has become widely available.Mobile payment is being adopted all over the world in different ways.
Posts about Mobile Payments
    • ‘A new customer segment’: Inside Western Union’s refugee assistance program

      Remittance giant Western Union is recognizing that refugee communities can be emerging economies in their own right. The Kakuma refugee camp in Kenya has 164,571 registered refugees and asylum-seekers, according to the UN Refugee Agency, and more than 500 merchants: produce markets, coffee and tea shops, bars; hardware and electronics shops, clothing stores, bike shops.

      Digiday- 10 readers -
  • Chinese social payments apps enter US market

    … Alipay has landed in the U.S. following its do-everything social payments competitor WeChat, who moved in last week, signaling the start of a payments arms race here. Alipay, China’s dominant mobile payments company under Ant Financial, signed a deal Monday with First Data, the U.S. card processing giant, that will allow Chinese tourists…

    Digiday- 15 readers -
  • 5 charts on how mobile payments are growing in China

    … Social payments in China now reach almost $3 trillion, according to a United Nations report released Wednesday. China has been a world leader in mobile and social payments while the U.S. and Europe have been slow to adopt them. Payments on messaging and e-commerce platforms like WeChat and Alibaba are set to increase China’s GDP by $236 billion…

    Digidayin How To's- 21 readers -
  • Mobile Payments: Does Local’s Holy Grail Have Holes?

    … Mobile payments continue to be equally opportune and elusive. I continue to stand by my 2014 assertion: the potential benefits for businesses are huge, but I’m skeptical that mainstream consumers will alter their entrenched habits when they still don’t see cash or credit cards as a pain point. When I say mobile payments, I don’t mean Venmo…

    Michael Boland/ Street Fight- 15 readers -
  • How Chase is tackling mobile payments

    … Like many banks, Chase is focused on mobile payments, with its four-month-old Chase Pay product. Late last week, it acquired MCX, a retailer consortium with members like Walmart, Target and Best Buy, its second mobile payments acquisition. Three months ago, Chase acquired LevelUp, a mobile payments app geared at smaller retailers on the East…

    Digidayin How To's- 16 readers -
  • Why Mobile Payments Will Heat Up in 2017

    …, a combination of factors could drive mobile payment adoption. Mobile payments and digital wallets could play a role in mobile advertising, loyalty programs, and the overarching hyperlocal marketing challenge of online-to-offline attribution. An awful lot of spending is going into mobile advertising, without much in the way of click-throughs and other…

    Street Fightin Display Mobile- 17 readers -
  • 5 Pay-by-Mobile Vendors for On-Demand Parking

    … — their phones. Parking is among the most popular uses for mobile payments, with 19% of consumers having paid for parking with their smartphones and 26% indicating they’d be interested in doing so. Mobile payment technology providers are combining existing payment systems with location data, and they’re working with cities to ultimately drive more…

    Stephanie Miles/ Street Fight- 11 readers -
  • Report: Digital Wallet Usage Increased 20% From 2014 to 2015

    … a purchase with their smartphone, up from 35 percent of respondents in 2014. In the 2015 survey, when non-users were asked why they have not used a digital wallet product to make a purchase, 47 percent of these users said it was easier to pay with another form of payment, such as cash or a credit card. This is up from 41 percent of respondents in 2014…

    Inside Facebook- 26 readers -
  • Street Fight Hyperlocal Analyst Predictions for 2016

    … that might hit next year, but might not. Sterling sees beacons and mobile payments as falling into the “wait till next year” category, although momentum will continue to build in 2016. Despite the slow start, the U.S. remains ahead of Europe, where Salz categorized mobile payments as an area that local marketers don’t need to worry about in 2016…

    Street Fightin Social Facebook- 17 readers -
  • 6 Reasons Why Hyperlocal Tech Initiatives Continue to Elude Consumers

    …, and other large global platforms. What’s more, these incumbents are continually evolving their product sets to maintain their hold on users, which makes the challenge that much harder for emerging vendors. 2) Mobile payment adoption is minimal. One compelling area that could make people change their habits is payments. When a platform can insert itself…

    Street Fightin Google Facebook- 36 readers -
  • Google Launches Android Pay Support for Apps in the U.S.

    … Google has announced that Android Pay is now available in supported Android apps in the United States. The feature allows users to make purchases using the information they’ve stored in the Android Pay app, rather than entering their information each time they shop. When shopping in a supported app, users can tap the Android Pay button…

    AllTwitterin Google- 13 readers -
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