Over 3 million per week: that’s how many mobile payment transactions Starbucks processes in the U.S late march when the company had its annual shareholders
Peer-to-peer (P2P) mobile money transfer is a huge business, both domestic and international, and growing. The results from the GSMAGlobal Mobile Money Adoption Survey released
Bank Negara Malaysia has recently launched a new mobile payment channel called MyMobile through its wholly owned subsidiary Malaysian Economic Clearing Corporation (MyClear). For the
Banking has come a long way from the famouslyinconvenient “bankers’ hours” of years past; i.e. 10 a.m. to 3 p.m. weekdays.Increasingly, consumers are doing their
In the offline world, retailers are struggling. E-Commerce channels
are performing better, but it’s the mobile portion of the commerce
landscape that’s seeing all the growth.
U.S. retail spending via mobile devices grew 31% in the first quarter
compared to the same quarter last year. E-commerce from PCs, meanwhile,
grew 13%. Total retail grew
The report shows that, whether a user of contactless payments or
not, awareness surrounding the technology is on the rise. As more and
more brands and businesses, as well as handset manufacturers, begin to
invest in the technology, it is not surprising that awareness amongst
consumers is starting to grow.
SA already has a number of great money transfer solutions, says
Ducasse, and the challenge is now to find ways for mobile apps to
convert credit into cash, and vice versa.
“Mobile
money is growing tremendously,” he says. “Every one of the big four
banks as well as Capitec has a
Nearly 800 million South Asians and Indonesians, which equates to 60%
of the adult population in the South Asian region and Indonesia, sent or
received a payment or remittance in 2012. The majority of the South
Asian and Indonesian respondents did so informally, with 512 million
people sending or receiving
PayPal Global Study Spells Doom for the Wallet A vast majority (83%) of respondents across five
countries indicated they wished they didn't have to carry a wallet.
Additionally, nearly one in three Americans (29%) would choose a
smartphone over a wallet if they could only bring one item when going
out.
While American consumers are keen to move to a digital payment future,
the
