Mobile wallets RSS

Australia’s banks have argued in their joint response against Apple Pay to the Australian Competition and Consumer Commission (ACCC) that Apple’s arguments against collective negotiation on accessing Apple Pay due to security concerns are “unconvincing” and “superficial”. The Commonwealth Bank of Australia, National Australia Bank, Westpac Bank, and Bendigo and Adelaide Bank have been seeking [...]

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Aite Group, has released a whitepaper tracing the growth and uptake of digital wallet services across mobile and e-commerce sector. The whitepaper encapsulates the contribution of digital wallets in growth of commerce and elaborates on the evolution of mobile wallets. Moreover, the study also highlights strategies adopted by various mobile wallet participants such as banks, [...]

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There has been much written about the Australian banks pushing Apple Pay to loosen its grip on the technology that enables mobile payments. The result could bode well for US banks as they look to re-up agreements with Apple. Apple has maintained tight control over Apple Pay since its October 2014 launch, forcing participating US [...]

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Although mobile wallets are a relatively new form of payment, nearly 3 in 10 consumers (29%) expressed a willingness to adopt this emerging payments alternative in the next six months, according to recently released results from a consumer survey by Computer Services, Inc. Conducted by Harris Poll on behalf of CSI, a provider of financial [...]

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In what has started off as a bad week for the telco-led mobile wallet market both New Zealands Semble and Canada’s suretap have decided to remove themselves from the crowded market. Semble was a joint venture launched by New Zealand’s biggest banks and telcos last year. Telcos Vodafone, 2degrees, Telecom teamed up with bank-owned payments network Paymark  to [...]

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