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
    • 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 or Amazon transactions on your phone.

      Michael Boland/ Street Fight- 14 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 by 2025.

      Digidayin How To's- 18 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- 14 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- 16 readers -
  • 5 Pay-by-Mobile Vendors for On-Demand Parking

    … people into downtown shopping districts. Here are five examples of vendors offering mobile payment parking solutions right now. 1. Passport: A multi-modal approach to parking payments Passport makes software that cities can use to enable pay-by-mobile parking. In the U.S., the company is already being used at parking meters in cities like Boston…

    Stephanie Miles/ Street Fight- 10 readers -
  • Report: Digital Wallet Usage Increased 20% From 2014 to 2015

    … Digital wallet usage increased by 20 percent from 2014 to 2015, according to new data from Citi Retail Services. The results from two ‘Let’s Get Digital’ surveys of U.S. consumers (one from January 2014 and the other from December 2015 to January 2016) showed 55 percent of respondents in the 2015 survey had used a digital wallet to make…

    Inside Facebook- 23 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- 35 readers -
  • Google Launches Android Pay Support for Apps in the U.S.

    … other banks—with the aim of bringing Android Pay to their MasterCard and Visa card holders. You will be able to use Android Pay wherever NFC payments are accepted in the country, including merchants such as 7-Eleven, McDonald’s and Telstra. And Australia is just the start. We’ll be adding more countries throughout 2016. This was a big year for Android Pay, and we’re excited about what’s to come. Readers: Do you use Android Pay, or a service like it? …

    AllTwitterin Google- 13 readers -
  • What do Consumers Think About the New Media Landscape?

    …, for instance, is nearing the authority of newspaper advertising. However, TV and Print still own the market for driving new customers with branded content. I’ve always said that consumers don’t go to Facebook to make their next purchase, so I don’t doubt that there’s not much appreciation for sponsored content there – although discounts may be effective…

    Douglas Karr/ Marketing Technology Blog- 35 readers -
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