While there are a variety
of mobile payment systems vying for market share at the moment, it seems clear that this is the future.
Some virtual currency observers see the
growth of mobile payments playing an important role in virtual currency's acceptance.
However, it is expected to give merchants and financial partners a new and an easy - to - use way to start working on the emerging
world of mobile payments.
That's why as people become more dependent on their mobile devices and awareness
of mobile payments increases, non-traditional payment methods are likewise increasing in popularity.
Despite the curiosity of technologically savvy early adopters, consumers are yet to demand or even be
aware of mobile payment options.
The ease and
convenience of mobile payments makes paying a bill simple and provides instant gratification — all while bringing your firm into the 21st century.
The bottom line is that the flexibility and
ease of mobile payments will make your firm indispensable to your clients.
Traditional watch makers have not been so eager to jump head on into the smartwatch buzz but the
advancement of mobile payment might be giving them second thoughts.
There's no GPS or NFC in play here, reducing its effectiveness as a running device and ruling it
out of mobile payments.
This is a great addition to the security layer provided by the phone and it will be very useful to users, especially in the growing
use of mobile payments.
In talking with Fitbit about the decision to release two models, the decision really boiled down to lack of adoption
of mobile payments in the US.
Thankfully, OnePlus has realized the growth
of mobile payment solutions like Android Pay and will include NFC in their upcoming flagship.
BII: Security will likely be a driver of
adoption of mobile payments on the merchant side, but it could also potentially be a driver on the consumer side.
«The lower the income, the more rapid the development
of mobile payment services,» says Lisa Wilhelm, founder and managing partner with consultancy Global Payment Experts.
This report is a look at the
landscape of mobile payments and their relationship with the online dating industry, collecting the thoughts of executives from the world of dating, mobile payments and security.
He also said he thinks «it's a weird deal» that Twitter is being run by CEO and co-founder Jack Dorsey, who is also the current CEO
of mobile payment company Square.
The mobile payment market in China is 11x the size
of the mobile payment market in the U.S. because there are so many users on mobile in China.
The Huawei Wallet Android app appeared on the Google Play Store, suggesting the Chinese phone maker is preparing to expand the
availability of its mobile payments solution going forward.
As a point of reference, our in - store mobile payments forecast — which is inclusive
of all mobile payment methods, including Apple Pay and CurrentC — has mobile payments reaching just under 7 % of total in - store retail volume in 2017.
Remember when Jack Dorsey,
CEO of mobile payment giant Square, said that Bitcoin would become the world's leading currency within 10 years: «The world ultimately will have a single currency, the Internet will have a single currency.
We too believe Apple Pay will kickstart consumer
usage of mobile payments and are particularly bullish on growth in mobile payments volume now that the feature has launched.
At the Mobile World Congress (MWC) 2013, Visa is demonstrating the new
concept of mobile payments in the form of Visa payWave and Mobile Provisioning Service.
Perhaps the niftiest
part of the mobile payments option is that it works cross-border, so Canadians can also pay for their coffees at a U.S. Starbucks with their phones and vice versa.
The early and high levels of «buy - in'to crypto in Korea is perhaps attributable to the advanced social and technological development
of mobile payments as well as the government's attitude towards cryptocurrency, which has been relatively supportive of it.