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DUTCH BANKS JOIN FORCES TO LAUNCH MOBILE PAYMENTS APP PAYCONIQ
Six of the major Dutch banks – ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS – are to launch Payconiq, a mobile payment app this summer. Payconiq will allow users to make direct payments online, in-store and P2P. In April 2015, Dutch bank ING quietly launched the mobile payments app, after which a pilot [...]
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DECLINE IN CASH USE CONTINUES ACROSS EUROPE AND US
Money has taken on many forms over millennia, and our relationship with currency often changes with it. A recent key theme has been the technological change to a cashless society: notes and coins, initially displaced by plastic cards, are increasingly being replaced by digital alternatives, including mobile payments. The ING International Survey Mobile Banking 2017 – [...]
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US mobile payments projected to grow 80 percent by 2020
Although the mobile wallet ecosystem is maturing, in-store mobile payments have yet to take off. Consumer disinterest, coupled with delays in fully implementing the necessary infrastructure, are preventing mobile wallets from achieving mainstream adoption. While neither US merchants nor consumers have yet to fully embrace mobile payments, mobile wallets offer benefits to all stakeholders. These [...]
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Mobile wallet suffering an identity crisis in Europe
New research by Juniper, analysing the mobile wallet market, indicates that Europe is lagging behind almost every other region in its transaction value forecast. This is despite high levels of technology adoption and smartphone penetration. So, what’s going wrong? asks Chris Donkin at Mobile World Live. Europe is expected to book lower mobile wallet transaction values than Asia, Africa and [...]
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Mobile money ten years on
A decade on from the launch of M-Pesa in Kenya, mobile money has become one of the primary tools for reaching the underserved and boosting financial inclusion. We look back on ten years of mobile money, and forward to the future. At the end of 2016, there were more than half a billion registered mobile [...]
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