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141

Switch to Digital Wallets in Kenya or payments’ reform

About 12 years ago, Kenya announced the launch of M-Pesa – a mobile money transfer, microfinancing service. Back then, it was truly a step forward in the world of digital payments. But as time goes by, it’s becoming more important to start analyzing consumer behavior and how it redefines digital payment solutions.

Despite the huge impact on various market segments, consumers are becoming more aware and demanding in terms of convenience and quality of service provided. They start speaking out about the limitations of mobile money and asking for something that would imply to the fast-paced rhythm of our lives. (more…)

Analytics, eWallets, Mobile payments/banking

November 7, 2019

2065

Mobile Payments to Continue Showing Strong Adoption Rate

By Polina Chernykh for Coinspeaker

With millions of users all over the world, the mobile payments technology is expected to significantly change and improve the way we pay for products and services.

(more…)

Cashless, Fintech news, Global trends, p2p-payments

April 14, 2016

2771

Report: Facebook Is Turning Messenger Into A Mobile Wallet

By Parmy Olson for Forbes,

Facebook has big plans to turn Messenger into an “Everything App” that will replace many others found on your smartphone, but one of the most important shifts will be turning it into an app that pays for things. (more…)

Cashless, Fintech news, Global trends, Mobile payments/banking

March 29, 2016

1863

The broken world of mobile payments and how to fix it

By John Rampton for techcrunch.com

It’s being predicted that by the end of this year, mobile payment transactions in the U.S. will grow 210 percent. Despite this impressive gain, it turns out that not everyone is taking advantage of mobile payments. (more…)

Cashless, Fintech news, Mobile payments/banking, SME

March 7, 2016

1991

Square’s new product “Cash” can now hold a balance

By Matthew Lynley for Techcrunch,

Square Cash, the peer-to-peer payments app that aims to replace cash by offering instant deposits, rolled out another feature today that better positions the app to challenge competitors like PayPal and Venmo: the ability to maintain a cash balance.

(more…)

Cashless, Fintech news, news

March 3, 2016

2088

China’s mobile payment revolution is going to Africa

By Claire van den Heever for The World Post, a partnership between Huffington Post and Berggruen Institute,

CAPE TOWN, South Africa — With the launch of Apple Pay in mainland China on Feb. 18, Apple has become the first foreign player to secure a place at the table for China’s enormous mobile payment market. The company will be battling for market share with e-commerce giant Alibaba’s Alipay and Tencent’s WeChat Wallet, which dominate China’s mobile payment arena. (more…)

China, Fintech news, Mobile payments/banking

March 1, 2016

2432

How Mobile Payments Reshape Lifestyles

By LI YUAN for wsj.com

A family’s finances show how phones increasingly become wallets (more…)

Fintech news, Global trends

February 25, 2016

1615

Mobile Payments on the rise

By Rani Molla for Bloomberg,
Back in 2012, the prospect of consumers paying for things using their phones seemed close at hand.  Analysts predicted explosive growth — to the tune of $60 billion in in-store “mobile proximity transactions” in the U.S. by 2016.

(more…)

Analytics, Cashless, Fintech news, Global trends, Mobile payments/banking, p2p-payments

February 22, 2016

3288

India: Moving a Billion People into Digital Finance

By Elliot Maras, article first appeared in CCN: Bitcoin, Blockchain, FinTech, & Cryptocurrency News

CCN: Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion. (more…)

Analytics, Cashless, Global trends, Government activities, India, Mobile payments/banking, SME

February 15, 2016

Deals: Visa discloses big stake in Jack Dorsey’s Square

By Paul La Monica for CNN Money,

Visa, the credit card processing giant famous for that marketing slogan, disclosed in a SEC filing late Thursday that it now owns a 9.99% stake in the class A shares of Square, the mobile payments startup co-founded by Twitter CEO Jack Dorsey. (more…)

Cashless, Deals, Fintech news, POS/mPOS and online acquiring

February 12, 2016

2299

Singapore startup gets series B funding to do mobile payments in Africa and more emerging markets

TECHINASIA: Nearex, a mobile payments startup based in Singapore, yesterday announced it raised funds in a series B round led by Tata Capital Growth Fund. After it has gained traction across Africa, the startup is aiming to expand to other emerging markets.

(more…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, news, POS/mPOS and online acquiring, Singapore, Vietnam

July 8, 2015

1785

How Widely-Accepted Are Mobile Payment Methods In China’s Brick-And-Mortar Shops?

TechInAsia: Mobile payment methods like Alibaba’s Alipay and Tencent’s Tenpay account for a huge portion of China’s online transactions. But do these new payment methods have the same kind of traction on offline shops and restaurants? Chinese tech news site Techweb recently conducted a survey of 1,607 businesses on a busy pedestrian street in Wuhan to find out. (more…)

China, InspirAsia, Mobile payments/banking

June 30, 2015

2133

Square Launches Payroll Product For Small Businesses, Pricing Starts At $25/Month

TechCrunch: Mobile payment startup Square has been gradually building out the products it offers to small businesses to position itself as a one-stop shop for their various front-of-house and back-office needs. Today sees the latest development on that theme: the company has launched Square Payroll, software for businesses to pay and track taxes and other costs for both hourly and salaried employees. The product, initially available only in California, is priced at $20 per month, with $5 per employee on top of that. (more…)

Fintech news, Mobile payments/banking, news, POS/mPOS and online acquiring

June 30, 2015

3544

Revel’s iPad Point-Of-Sale Platform and Starbucks Mobile Ordering

TECHCRUNCH: Revel makes one of the leading iPad point-of-sales systems and was among the first to offer Apple Pay. Despite its focus on mobile payments, however, the startup is also trying to attract companies that are wary of handling financial transactions solely through wi-fi. To get more enterprises on board, Revel is launching wired ethernet connections, a move that it hopes will convince large retail businesses to replace their cash registers with iPads. (more…)

Fintech news, Mobile payments/banking, news

June 16, 2015

2030

Samsung’s Answer To Apple Pay Is Coming In The Second Half Of This Year

Business Insider:  Samsung will release Samsung Pay in the second half of 2015, according to statements made by Samsung Electronics managing director Park Jin-young obtained by Korean news site, WhowiredKorea. (more…)

InspirAsia, Korea, Mobile payments/banking

May 1, 2015

2292

Industry Convergence In Financial Services Is Accelerating

TECHCRUNCH: These days everyone wants to create the next Uber for anything, and the word “disruption” is mentioned across boardrooms and management meetings in nearly all industries. But while discussing the true meaning of disruption and which fintech startups are worth keeping an eye on, incumbents are at risk of overlooking players that once were customers and partners that can quickly become new digital competitors. (more…)

Analytics, Global trends, Mobile payments/banking

April 27, 2015

The Twentysomething Brothers Behind a $3.6 Billion Payments Company

Inc.:  Sometimes the most stunning changes arise from the smallest of ideas. That’s the origin story of Stripe, the payments company that’s quietly eating the lunch of entrenched competitors in the $1.5 trillion global e-commerce payments industry. Founded in 2010 by wunderkind brothers John and Patrick Collison–serial entrepreneurs who hail from Limerick, Ireland–Stripe is making the digital payment process for smartphones and websites so pain-free, it’s practically invisible. (more…)

Fintech news, Mobile payments/banking

April 22, 2015

Payroll Startup Salarium Partners With Mobile Payment Firm PyxPay

E27.CO: Hong Kong-based payroll solution company Salarium has partnered with PyxPay, a mobile payment firm, in an attempt to increase its service offerings. With this, the former will have an e-wallet that can pay employees anywhere in the world. It also recently partnered with e-money providers in several ASEAN countries for local payments. (more…)

Fintech news, Hong Kong, InspirAsia, Mobile payments/banking

April 20, 2015

The Year Of Mobile Payments

TECHCRUNCH: Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to send money to friends via Messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are already lagging 10 years behind. (more…)

Fintech news, Mobile payments/banking, news

April 19, 2015

Apple Pay Is Reportedly Launching In Canada This Fall

THE NEXT WEB: Apple Pay is gearing up to expand outside US borders. According to a report by the Wall Street Journal, the company is currently in talks with Canada’s six biggest banks (Royal Bank of Canada,Toronto-Dominion Bank,Bank of Nova Scotia,Bank of Montreal,Canadian Imperial Bank of Commerce and National Bank of Canada) in preparation for a potential November launch in the country. (more…)

Fintech news, Mobile payments/banking, news

April 18, 2015

1713

Google Wallet Adds New Integrations With Shopify, Seamless, Dunkin’ Donuts And More

TECHCRUNCH: Google has been stepping up its game in mobile payments the last several months, buying Softcard’s point-of-sale tech and making some international advances for its money transfer service. Today it’s adding another crucial piece to mix: some key integrations with merchants and merchant platforms. Customers that use Android apps from Dunkin’ Donuts and Seamless, and merchants that build online stores through Shopify, will now all be able to access Google Wallet to make and accept quick payments. (more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

April 9, 2015

Microsoft preps HCE-based mobile payments

FINEXTRA: Microsoft is preparing to follow Apple and Google into mobile payments, lining up the regulatory approvals needed for the launch of a host card emulation-based service. (more…)

Fintech news, Mobile payments/banking, news

April 7, 2015

1710

Mobile Payment Startup MyCheck Raises $5M From Santander’s Innoventures Fund

TECHCRUNCHMyCheck, another startup that wants to make it easy to pay your restaurant bill using your mobile phone, has closed a $5 million Series B. However, perhaps more noteworthy is the company’s new backer: the Spanish bank Santander via its recently launched Santander Innoventures Fund. (more…)

Deals, Fintech news, Mobile payments/banking, news

March 29, 2015

2262

Cover, The Mobile Payments App For Restaurants, Launches In Los Angeles

TECHCRUNCH: Cover, a mobile payments app that focuses specifically on the dining experience, has today announced the launch of the service in Los Angeles. Cover lets diners check-in to a restaurant and split the bill via mobile, offering an Uber-like dining experience. The app launched in New York back in October of 2013 and has since raised a total of $7 million in funding, according to Crunchbase. (more…)

Fintech news, news, Pre-order services

March 26, 2015