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Apple Pay Cash launches P2P platform in Beta
Apple rolled out Apple Pay Cash for those in its public beta program the service will act like virtual debit card, allowing P2P payments, to take on Venmo. Apple Pay Cash will allow users to make personal payments over iMessage or make purchases using money stored on a virtual debit card in the Wallet app. The firm [...]
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Mobile payments soar 300% as part of the contactless revolution
As the recently launched iPhone X makes mobile payments even easier with Face ID, MoneySuperMarket reveals that a quarter (23%) of Generation Z predicts physical cards will soon be obsolete as mobile payments reign supreme. The new report by the price comparison website shows that contactless payments have doubled since last year, as we increasingly lose contact [...]
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The Mobile Payments and Fraud Survey 2017
The Mobile Payments and Fraud Survey: 2017 Report is the fifth edition of this annual study which seeks to understand and measure the state of mobile payments and mobile channel fraud. Now with five years of data and thousands of merchants surveyed, this study is able to identify persistent patterns and changing trends around many [...]
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UK e-commerce market set for strong growth powered by Wallets
The UK will be the world’s third biggest market for e-commerce in 2021, growing by an average of almost 10% over the next five years according to new data. In its annual payments report, Worldpay found that UK e-commerce will be worth £203bn ($268bn) by 2021, putting the country behind only China and the USA [...]
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Australian Banks partner for mobile P2P payments JV – Beem
Three of Australia’s largest banks, The Commonwealth Bank(CBA), National Australia Bank (NAB) and Westpac have partnered to create a new mobile P2P payments platform, named Beem. In the wake of their battle with Apple Beem is an apparent bid to compete with new companies entering the finance sector. Beem is designed to allow customers to have a digital wallet [...]
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