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
  • Chase is using its Warriors deal to beef up Chase Pay offering

    … some kind of rewards or loyalty incentive. Chase seems aware of this; it sponsored a research report conducted by Javelin Strategy that says for mobile payments to take off, retailers need to offer value beyond the actual payment at the point of sale that will bring more convenience to the customer or make them feel they’re getting something out of it. Read the full story on tearsheet.co The post Chase is using its Warriors deal to beef up Chase Pay offering appeared first on Digiday. …

    Digiday- 11 readers -
  • Cheatsheet: What you need to know about mobile payments in China

    … The U.S. and Europe often look to China as an example of what a mobile or social payments ecosystem could look like at scale. Consumers and businesses alike online and in-person prefer using WeChat Pay, the mobile payments function of the popular messaging app, or the PayPal-like Alipay to cash — because it’s so easy. People like their payments…

    Digidayin How To's- 21 readers -
  • ‘A new customer segment’: Inside Western Union’s refugee assistance program

    …, clothing stores, bike shops. Most refugee camps operate as largely cash-based economies — an expensive and inconvenient reality. Now, Western Union and Mastercard are working on creating a digital infrastructure model for refugee camps, with Kenya as their test bed, focusing on mobile money, digital vouchers and cards that remove the intermediaries…

    Digiday- 14 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- 17 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- 23 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- 20 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- 17 readers -
  • Why Mobile Payments Will Heat Up in 2017

    … Why Mobile Payments Will Heat Up in 2017 January 17, 2017 by David Card Leave a Comment Filed Under: Commentary Street Fight’s 2017 Predictions round-up was heavy on voice search and AI, and pretty light on mobile technologies. I expect the former two to be critical hyperlocal technologies, but their payoff might take some time. Meanwhile…

    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- 27 readers -