Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Source: investopedia.com

Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the...

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Cash Not King in India as More Than 50% of Shoppers Use Digital Wallets to Shop
Cash Not King in India as More Than 50% of Shoppers Use Digital Wallets to...
December 04, 2023  |  Mobile Wallets

India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of...

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Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
December 03, 2023  |  Digital Payments

Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found...

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PayU Plots India IPO For Second Half of 2024
PayU Plots India IPO For Second Half of 2024
November 29, 2023  |  IPO

Payments company PayU plans to go public in India in the second half of next year. Ervin Tu, interim CEO of parent company Prosus, revealed...

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Visa: Americans Keep Traveling Despite Rising Costs
Visa: Americans Keep Traveling Despite Rising Costs
November 28, 2023  |  Travel Payments

Rising costs haven’t stamped out the travel bug for Americans, a new Visa survey shows. The new edition of the Visa Global Travel Intentions Study, released Tuesday...

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Australia to Regulate Digital Wallets Alongside Credit Cards
Australia to Regulate Digital Wallets Alongside Credit Cards
November 27, 2023  |  Legal

Australia is set to introduce legislation governing the use of Apple Pay and other digital wallets. The new rules, scheduled to be announced this week, would place...

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OVG Hospitality President: Consumers Demand Familiar Payment Tech at Live Events
OVG Hospitality President: Consumers Demand Familiar Payment Tech at Live Events
November 22, 2023  |  Payment Methods

As consumers increasingly rely on digital and self-checkout in their day-to-day lives, OVG Hospitality is seeing live event attendees demand more frictionless foodservice ordering and...

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Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
November 20, 2023  |  Apple

Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App.  The lawsuit alleges that Apple has abused its market power in the...

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Forty Percent of Millennials Use Mobile Wallets to Pay Bills the Day They’re Due
Forty Percent of Millennials Use Mobile Wallets to Pay Bills the Day They’re Due
November 15, 2023  |  Mobile Wallets

The popularity of digital bill payments is increasing as more and more consumers seek convenience and efficiency in managing their finances. In “Digital Bill Payments:...

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