Samsung Electronics announced that its mobile payments system, Samsung Pay, will now offer money transfer services at some Korean banks. According to The Investor, starting on Dec. 14, Samsung Pay users will be able to withdraw or transfer money from Shinhan and Woori bank accounts....
According to news from The Wall Street Journal, J.P. Morgan Chase (JPMC) is the latest big name with big mobile payments ambitions and bona fides to back them up — and has run headlong into the same mobile payments ignition problem: Consumers are just not that interested....
PayPal announced that it has launched domestic operations in India, which means it will be taking on China’s Alibaba-backed Paytm, the country’s leading digital payments firm. According to a Reuters news report, the government of India’s push for cashless transactions is leading more people to...
BNP Paribas, the European bank, announced news on Wednesday (Nov. 8) that it is introducing WeChat Pay, a popular mobile payment solution in China, to retailers in France and subsequently across Europe. In a press release, BNP Paribas said the move aims to support retailers...
Alipay announced news on Friday (Oct. 20) that it is working with JPMorgan Chase on a plan to allow Chinese consumers traveling in North America to pay using their Alipay Mobile Wallet at Chase merchant clients. With 4 million Chinese tourists expected to visit North...
Mobile devices have become so much more since the quaint, early days when they were referred to as cell phones. Now, in addition to helping consumers keep in touch, mobile devices have grown into key commerce and payment tools, facilitating purchases through clouds and air...
Alipay, China’s leading third-party online payment solution, has partnered with Norway’s tourism promotion agency to provide better services to Chinese tourists traveling in the Nordic country. Norway is just the latest country to offer Chinese tourists the convenience of using Alipay, which is owned by...
“It is not about changing the swipe or dip to a tap; it’s about using a [smart]phone to do things that you could not otherwise do.” In a nutshell, that’s what PayPal Chief Operating Officer Bill Ready said is both the problem with and the path...
Just about a year ago, MoneyGram’s Chief Revenue Officer, Peter Ohser, told Karen Webster that the company launched its MobilePass pilot program with a pretty simple goal: Make it easier for customers to manage their cash transfers however they want, whenever they want. As a pilot, it was...