American consumers know there are new payment options available — they just aren’t taking the bait quite yet.
According to a report from Pew Charitable Trusts on mobile payments in the United States, a widespread availability of mobile payment services is doing little to provide consumers a meaningful payment experience. So far, less than 32 percent of consumers have shown any interest in using mobile payments.
However, the fortune of mobile payment service providers might soon change. Increasingly, several providers are rolling out new features to entice more consumers to embrace mobile payments.
Alipay, for one, announced this month that it will partner with Quest Payment Systems to roll out Alipay for Chinese tourists in Australia. Meanwhile, Circle, initially designed to use blockchain as a payments platform, said it would discontinue the buying and selling of bitcoin for a new set of what it calls “full messaging features,” which enable users to send money during a conversation, similar to WhatsApp or Messenger.
Rent by app
One area that stands on the brink of jumping into the mobile payments revolution is rental payments. For this month’s Developer Tracker cover story, PYMNTS caught up with Bruce Dragt, senior vice president of product at rental payments app YapStone.
Dragt told PYMNTS the company is looking to change the playing field when it comes to paying the rent by offering the most ubiquitous solution possible — one that accepts a wide range of payment types.
The latest Developer Tracker™ features the most recent news and analysis, as well as 165 providers, including 10 additions to the directory.
To download the December edition of the PYMNTS.com Developer Tracker™, click the button below…
About The Tracker
The PYMNTS.com Developer Tracker™, powered by Vantiv, provides the payments ecosystem with a view into how software developers are using new technologies to create innovative business opportunities and enable merchants to optimize the ways in which they engage with shoppers today. The developer community within the tracker is separated into three categories: Shopping and Payments, Operations and Marketing.