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As smartphones evolve into wallets manufacturers forget about the basics
Smartphones have evolved to the point where they are now starting to replace our purses and wallets, yet almost two thirds (62%) of mobile users think they are evolving so fast that manufacturers are forgetting about the basics. That’s according to new research by uSwitch.com, the independent price comparison and switching service. The primary concern for [...]
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Research reveals little impact from mobile payments on cash use
The ATM Industry Association (ATMIA) has released a new research paper, “US Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments. ATMIA sought to determine what real [...]
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European Issuers can thrive in a tokenisation enabled ecosystem
TSYS has announced the publication of a new white paper titled “How European Issuers Can Thrive in an Ecosystem Defined by Tokenisation-Enabled NFC Payments.” The white paper explains that the recent growth and rising popularity of m-payment services and mobile wallet apps have led to significant opportunities for the financial industry to leverage m-payments. Consumers can [...]
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Samsung Pay teams with card schemes and banks for launch
Tech giant Samsung will launch its mobile payments service Samsung Pay in South Korea later this month, with Visa, MasterCard and major banks lining up for a US launch in September. Samsung Pay will launch in South Korea on 20 August and the US on 28 September. It will launch in the UK, Spain and [...]
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BlackBerry and PayPal team up for P2P payments
BlackBerry has teamed up with e-commerce giant PayPal for a trial that lets BBM users in Canada send and receive money through its messaging service. Upon connecting their PayPal account, BBM users can send money to friends and family within a chat by selecting a PayPal icon and entering the amount. The external beta trial [...]
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