Mobile Payments

Internet Giants Such as Alipay, Amazon Pose Existential Threat to Banks, Says Bank for International Settlements Chief

Internet and “big data” giants like Amazon.com and China’s Alipay pose an existential threat to traditional banks, the head of the Bank for International Settlements, Agustín Carstens, said on Tuesday.

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Why China Needs More Than Mobile Payments

The smartphone sits at the heart of modern China. With the success of AliPay and WeChatPay – both boasting hundreds of millions of users in China alone compared to Apple Pay’s total 127 million users – paying with mobile is commonplace. In fact, card is quite the novelty.

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Holiday Shoppers Boost Mobile Volume on PayPal

Black Friday to Cyber Monday proved to be a mobile payments bonanza on PayPals platform. As the following Mobile Marketing article reports, mobile volume set records for the beginning of the holiday shopping season.

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3 Drivers Helping Bridge the Gap to a Cashless Society

Today, only 41 percent of Americans regularly carry cash, creating a demand for alternative payment methods and unlocking a world of potential for innovation in Fintech.

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Conquering the World One Mobile Payment at a Time

According to data from merchant account and card payment fee comparison service Merchant Machine, China, Norway and the UK are streets ahead of all other markets when it comes to the uptake of mobile payments. And I mean streets ahead. China is way out in front, with 47 of mobile phone users using mobile to […]

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U.S. Millennials Still Shop in Stores, but Increasingly With the Help of Smartphones

Globally, 82% of millennials (aged 18-38) prefer to shop in stores rather than online, according to a survey of 6,000 consumers in the U.S., U.K., Germany, France, Sweden, Japan, China and Brazil conducted by Accenture.

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Five Digital Transformation Lessons

In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People Operations at DNB or, as she called it, POP, talked about the five things that make the difference.

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Quicken, US Bank Launch Co-branded Mastercard With Mobile Payment, PFM Features

Quicken Inc. has launched a co-branded MasterCard with U.S. Bank, featuring contactless payment and which integrates directly with the company’s personal finance software and mobile app, according to a company release.

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7 Ways Smart Cities Innovate Payments

The concept of Smart Cities – which use mobile payments, global positioning and related technology to streamline parking, transit, building access and traffic – is deeply intertwined with the development of payments technology and regulation.

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Focus on Mobile Payments Starts With Defining “Mobile”

What does it mean to focus on mobile? Since mobile payments drive development activity all the way across an organization, its important to begin by reflecting on exactly how an organization views this channel, as everything else is built on this perception. Aaron McPherson, VP, Research Operations, Mercator Advisory Group.

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Cash Is Dead, Long Live Cash: The Problems With Australia’s Digital Ecosystem

Reserve Bank governor Phillip Lowe has warned banks and telco giants there may be a need for tighter regulation to ensure the reliability of Australia’s digital payments ecosystem if key players can’t do a better job preventing outages.

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PayPal Mobile Payments Get a $2B Holiday Boost

PayPal is apparently rocking it so far during the fourth-quarter commerce season. That’s not only meaningful for PayPal.

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