Home Tags Mobile Payments

Tag: Mobile Payments

Mobile payment (also referred to as mobile moneymobile money transfer, and mobile wallet) generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only recently that the technology to support such systems has become widely available.

Mobile payment is being adopted all over the world in different ways. In 2008, the combined market for all types of mobile payments was projected to reach more than $600B globally by 2013, which would be double the figure as of February, 2011. The mobile payment market for goods and services, excluding contactless Near field communication or NFC transactions and money transfers, is expected to exceed $300B globally by 2013.

Investment on mobile money services is expected to grow by 22.2% during the next two years across the globe. It will result in revenue share of mobile money reaching up to 9% by 2018. Asia and Africa will observe significant growth for mobile money with technological innovation and focus on interoperability emerging as prominent trends by 2018

Top execs depart Twitter, Jack Dorsey confirms

Twitter struggled to grow its user base in 2015 Photo: Dominic Lipinski/PA Wire Twitter has been racked by a fresh wave of senior...

Walmart joins mobile payments fray with Walmart Pay app – CNET

Walmart is offering its own mobile payments alternative to Apple Pay and Samsung Pay. Walmart Walmart is jumping into the mobile payments business, the first US...

LG joins Apple, Google in creating its own mobile payment system...

LG wants to get into the mobile payments game too. CNET Just when you thought there couldn't be more tech companies tackling the notion of mobile...

Mobile payment service Venmo closes security holes after user compromise

Mobile payment service Venmo is improving security measures after a user’s account was compromised and nearly $3,000 siphoned out of his bank account. The theft...

Mobile World Congress: Visa considers future of mobile payments

On the eve of Mobile World Congress 2015 in Barcelona, Visa Europe has made a number of announcements around its mobile payments strategy and...

Why Apple Pay Will Complement, Not Disrupt, Mobile Payments

NEWS ANALYSIS: Upcoming Apple Pay NFC system will complement, not disrupt, the current card and mobile ecosystem by using current infrastructure. ...

Mobile payment app withdrawn over security fears

A mobile payment app has been withdrawn and all customer information deleted after concerns were raised over its security. The LifeLock electronic wallet had been...

Mobile Payment Security: An Essential Factor for Mass Adoption

More and more mobile device users are buying products and services in the cloud—whether it's through a Web-based application or a natively installed one....