Mobile Payments RSS
TransferWise launch P2P international mobile money transfer
TransferWise, the international money transfer platform started by the first employee of Skype, has launched the world’s first peer-to-peer mobile money transfer app. The free app, which is compatible with iPhone, iPad, and iPod touch, enables users to bypass banks and their ‘hidden fees’ in order to transfer money abroad cost effectively and at the touch of [...]
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Over half of UK’s mobile apps require payment methods to support mobile commerce
The UK is struggling to launch successful mobile apps due to the difficulty of incorporating payment methods to enable mobile commerce according to a new research report carried out by UK based judo Payments. The survey highlights the challenges that mobile apps development firms face when trying to monetise their applications for Android and Apple [...]
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Square takes aim at PayPal, Google and others
Square has introduced Square Cash; a new service that allows users to send money by sending an email. With Square Cash, “individuals no longer need to write checks, pay ATM fees or wait for forgotten loans from friends. Customers simply send an e-mail to the person they’re paying, and after the recipient enters their debit card [...]
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UK more open to mobile wallets than US
New research carried out by Consult Hyperion suggests a majority of UK consumers would use mobile wallets. This 58% figure in favour is in contrast with the 64% of US consumers who say they would never use a mobile wallet. Consumers were asked who they would trust most to issue a mobile wallet: banks, telcos, [...]
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Jumio announces digital wallet PORT
Jumio announced the launch of Jumio PORT, an embedded wallet infrastructure that integrates with mobile OS utilities such as Apple Passbook and the recently-launched Samsung Wallet. With PORT, consumers can make one-click purchases and transactions requiring identity verification, without having to download a standalone wallet app, as is the case with most digital wallet offerings [...]
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