Tag: mobile payments

Contactless spending in the UK is on the up with mobile ‘tap and pay’ transactions set to “threaten the future of the traditional payment card”. Read more: startups.co.uk

Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. Read more: bankinnovation.net

How can banks develop their strategy and prioritise the capabilities that will help them remain valuable to their customers? Read more: www.bankingtech.com

The Hong Kong government is keen to encourage the development of more mobile payment services so that it can reduce the use of cash in the city. Read more: www.thestreet.com

36% of the merchants surveyed had already installed Apple Pay in their store, and a further 22% said that they would be accepting Apple Pay within 12 months. Read more: www.paymenteye.com

Chase customers will soon be able to use Chase Pay while on the go with two new merchants: global restaurateur HMSHost and Parkmobile. Read more: www.mobilepaymentstoday.com

The mobile payment space has become fiercely competitive, Alibaba and messaging giant WeChat scrambling for valuable market share. Read more: e27.co

Global spend via mobile wallets is expected to rise by nearly 32% this year to $1.35 trillion, a new study from Juniper Research has found. Read more: www.prnewswire.com

Gaining a stronghold in the projected $200bn market means extending the value proposition of payments. Read more: www.mobilepaymentstoday.com

Nigeria is set to become Africa’s FinTech hub after experiencing a boost in mobile money operations last year. Read more: www.cryptocoinsnews.com