The United Arab Emirates government is pushing for a cashless economy and, according to reports on Tuesday (Aug. 30), has just taken a major step towards that goal. Reports by Gulf News said the government has signed a memorandum of understanding (MoU) with 16 of the largest...
Who needs a wallet anyway? Apparently, not the Chinese. Turns out, three out of five consumers in the country pay with their smartphone when they’re out shopping. That’s right: three in five. While online payment services have typically been used for purchasing goods through internet...
King of China’s smartphone market, Xiaomi, launches its first payment system on Sept. 1. Introduced to the world just two weeks ago, the system is called Mi Pay and will join smartphone payment systems, like Android Pay, Apple Pay, Samsung Pay and LG Pay, among...
Mobile payment company Square‘s transaction margins, which make up most of the company’s revenue, appear slim. That’s according to a report by The Motley Fool, which said that, while the margins are “pretty slim,” it’s not something investors need to worry about. The company, according to the report,...
Can the biggest banks in the United States catch up to the millennial-beloved Venmo with their own P2P payments app? They’re sure hoping so and are putting their product, reportedly called Zelle, out for public consumption in October. The hope? That soon the young and...
ING DIRECT Australia, the online bank, announced on Wednesday (Aug. 24) it launched with Android Pay, enabling customers to use their phones to tap and pay for everyday items. In addition to enabling Android Pay, the online bank announced a partnership with AbilityMate in which...
Samsung Electronics announced on Wednesday (Aug. 24) that, on its one-year anniversary of Samsung Pay, it has had around 100 million unique transactions in seven countries to date. “Since its introduction a year ago, Samsung Pay continues to lead mobile payments by providing services that...
This week, Visa has big news for Nigeria. Adornment is also a theme as corporate activity sees Mary Kay consultants with new Bluetooth readers paired with Smartphones while innovation activity sees a new wearable spendable, the first EMVCo-compliant NFC ring. Although valuable in its own...
Which mobile app users use their app every chance they get, and which users forget that they even have a mobile way to pay? This week’s Mobile Pay Tracker takes a deeper look at the new data from PYMNTS and InfoScout regarding mobile payments adoption,...