Showing posts with label payments. Show all posts
Showing posts with label payments. Show all posts
May 22, 2015
April 7, 2015
global mobile payment transaction at $721billion, asia pacific bigger market than america
Global mobile payment transaction volume is set to reach 721 billion USD by 2017. Today the number of people having a phone that can be used as a " payment device" is much much bigger than those having a bank account or a credit card
Asia Pacific will account for having the biggest base for mobile payments in 2015 as well as 2016 replacing US ..The most popular digital wallets usage by US consumers are paypal,google wallet and Apple Passbook
Apart from Food industry and entertainment (movies, concert, shows ).retail industry have the highest adoption of " Mobile Payments" in the US
May 27, 2012
Top 5 Players set to cash in on Mobile payments, led by 68% growth
provides some key insights on the major 5 Players who will be in the forefront of action
ISIS, the
joint venture between three of the national wireless carriers designed to spur
the development of a wide-reaching mobile-payment system, has
partnered with Visa, MasterCard, and American Express.
Google, , made its first mobile payment move with Google Wallet, an app and payment system that combines deals and discounts with NFC and digital payments. At the onset, Google Wallet will work with MasterCard's PayPass system and only on Sprint's Samsung Nexus S 4G. Citi and FirstData are also partners. Google Wallet is currently undergoing trials in San Francisco and New York, and is meant to launch in full "this summer."
Google, , made its first mobile payment move with Google Wallet, an app and payment system that combines deals and discounts with NFC and digital payments. At the onset, Google Wallet will work with MasterCard's PayPass system and only on Sprint's Samsung Nexus S 4G. Citi and FirstData are also partners. Google Wallet is currently undergoing trials in San Francisco and New York, and is meant to launch in full "this summer."
Square is an app and a small, cubelike credit
card-reading attachment that slips into the 3.5mm headset jack of mobile phones
and tablets, which lets businesses swipe credit cards through the Square
attachment to accept payments. The app also manages peer-to-peer transactions
in competition with PayPal. Square has also been pitched as an alternative to
NFC.
PayPal, eBay-Asia owned pioneer of peer-to-peer payments online, already has
several apps for mobile phones, and APIs so that other app-creators can add
PayPal modules to their own software (like Bump).
Phone manufacturers: Nokia and Samsung are the first to bring
NFC-enabled handsets to the U.S. market (Nokia began with NFC as early as 2008). Microsoft's next wave of Windows Phones
will also be NFC-enabled, according to at least one report.
Credit card brands and banks have already partnered with each other and with
other mobile payment players. Visa, for instance, has invested in Square,
American Express has tie up up with Sprint, and MasterCard and
Citiis likely to go with Google.