(source: investopedia.com)
According to reports, Apple wants to incorporate mobile payments into the new phone.
The bank plans to launch the device on Wednesday.
According to the bank, the new app has the potential to reach almost 9 million consumers in Uganda.
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The start-up is hoping to use universities to attract retailers.
Paym plans to launch on Tuesday, however, many consumers are saying that they do not plan on using the app, according to a survey.
A Chase executive said that in order to win mobile payments, banks need to offer incentives.
The company isn't planning on any initiatives anytime soon, however, the company president does believe that they are becoming less skeptic about NFC.