Features, News & Blogs
Australian consumers expect to ditch their physical wallet in favor of a mobile one by 2021 as the popularity of contactless card and smartphone payments increases, according to new research from CommBank. Some 73 percent of Australians expect …
For some time, it's been a matter of debate throughout the financial services world whether information stored on a mobile device is truly secure — or can be. A pair of recent developments in the mobile world could add more heat to the …
Square Cash, a new money request feature from mobile POS provider Square, allows users to request money from other people or groups by using the Square Cash app or by sending an email. The Square Cash app is available for iOS and Android devices …
Joint Electronic Teller Services Ltd. is rolling out mobile NFC payments in Hong Kong and Macau with its member banks using the Gemalto LinqUs trusted service management platform. JETCO operates an ATM network for 30 member banks in Hong Kong and …
Why banks need to be in the mobile wallet businessA recent Allied Market Research report indicates the global mobile wallet market is on target to reach $5.25 trillion in 2020, with a compound annual growth rate of 127 percent over the next seven years alone. According to the report, an increased …
Historically, ATM and POS network operators have been locked into card-based payments acquiring relationships that offer few options for generating additional revenue streams. Additionally, new payment methods have mostly evolved as alternative …
Sixty percent of Kenyans now use their mobile phone for banking transactions and 64 percent of Kenyans send or receive money locally through their mobile phones, according to a study by the Kenya Bankers Association. Forty-eight percent of bank …
T-Mobile U.S. is offering a raft of cheap banking services with its new reloadable T-Mobile Visa prepaid card, issued by The Bancorp Bank. The T-Mobile prepaid card comes with the Mobile Money by T-Mobile smartphone app, and has no charges for card …
It's still anyone's game in mobile paymentsIn a previous blog post, I wrote about some of the reasons mobile technology needs financial institutions. In this blog, I'd like to follow-up with some concluding factors that make FIs central to mobile technology's widespread adoption and success …
The use of mobile money services in Kenya has grown sharply in the last five years to overtake banks, according to the country's latest Fin Access National Survey, conducted this year. The Kenyan website Standard Digital quotes the survey as saying …
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