Mobile Payments

Digital Payments on the Upward Trend in Emerging Asia and CEMEA

Non-cash payments are recording a rapid growth, owing largely to developing markets. However, innovation if challenged by regulatory and technical complexities, according to a the World Payments Report 2018 by Capgemini and BNP Paribas. Non-cash payments reported a compound annual growth rate (CAGR) of 10.1 in 2015-16.

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The World Is Embracing Digital Currency, and the US Is Falling Behind

For many people all over the world, paper cash and metal coins are already items of memory. Mobile payment providers,like Apply Pay and Samsung Pay, are being used at cash registers in countries like the United Kingdom and Japan, and people have responded well to the ease of this system and some of the benefits […]

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JPMorgan Reports Growth in Card Spend, Mobile Users

JPMorgan posted results on Friday (Oct. 12) that beat the Street on headline numbers – top and bottom – based on traction in consumer spending, and also showed growth in its mobile and digital initiatives. The bank is among a trio, including Citigroup and Wells Fargo, that typically kick off earnings season.

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Carrying Cash Makes No Sense for Increasing Numbers of Aussies

Young Australians are ditching cash in favour of paying with cards. And tap-and-go technology is increasingly being used instead of dollars and cents – even for purchases of less than 5. A National Australia Bank consumer insight report has found on average, Aussies have 76 cash on hand in their purses or wallets in a […]

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TD Bank Aims for 90% of Transactions to Be Self-Serve in Digital Push

Toronto-Dominion Bank wants customers to complete nine out of every 10 routine transactions on their own within three years. Today in Canada we have 81 percent of financial transactions done on a self-serve basis, which is digital and ATM, Rizwan Khalfan, chief digital and payments officer at Canada’s largest lender, said in an interview.

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Digital Payments: Consumers Prefer Banks to Fintech

Against the backdrop of debate over the kind of threat that fintech poses to banks, a recent study conducted by ath Power Consulting revealed that traditional financial institutions were the most favored providers of digital payment services.

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Chinese Visitor Spending Surges During Golden Week Holiday

Local businesses enjoyed a bump in spending from Chinese visitors who came to Australia during the nation’s Golden Week holiday, October 1 to October 7, according to figures from Alipay. Of all nations visited during the holiday, Australia’s Alipay transaction volume ranked 9th, up 105 per cent on 2017.

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VIDEO: Do Consumers Prefer Mobile Apps or Plastic?

Mobile payment solutions work best when integrated into the overall user experience – specifically surrounding the ‘convenience’ and ‘immediacy’ desires. Mercator Advisory Group refers to this as, “lifestyle commerce,” and the current areas of opportunity include Mobile Order-Pay, Self Checkout, On-Demand Services, and E-Commerce.

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More Mobile Payments-Related Updates Emerge for Bank of America

Weve heard plenty out of Bank of America lately, and its done a whopping lot to augment its mobile presence over the last few months. Now, its loosed word our way that its once again augmented its mobile app.

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NAB, Westpac and CBA’s Instant Payments App Beem It Appoints CEO

Beem It – the venture behind an app which allows people to make instant, peer-to-peer payments without the need for a BSB number or account details – has appointed its first chief executive officer. Angela Clark, former executive general manager for small business at Commonwealth Bank of Australia (CBA), was named as the firm’s CEO […]

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In Singapore, Cross-Border Mobile Payments Via…Via 

Cross-border payments continue to make inroads in Asia, rendered through mobile means. To that end, the largest telecommunications carrier in Singapore, Singtel, said this past week that it launched Via, billed as the first cross-border payment alliance in the region.

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Mobile Payments Surge Among Chinese Travelers: Alipay

Popular overseas destinations for Chinese consumers saw mobile payments surge during the week-long Chinese public holiday between October 1 and 7, according to Alibaba’s mobile payment arm Alipay.

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