The initial impact of digital finance and mobile payments in China is difficult to over-exaggerate, says Zennon Kapron, founder and director of Asian financial services and research firm Kapronasia. The launch of services such as Alipay and WeChat Pay brought with them a dramatic change in the way the average Chinese consumer spends — especially when one considers how cash-focused the country has been historically, he explains in this paper.
This edition of The Mobile Wallet Report looks at how China’s central bank put the brakes on local internet giants’ mobile payment plans, and why Denmark’s carriers think that mobile payments are a business for telcos, not banks.
In this edition of The Mobile Wallet Report PowaTag CEO Dan Wagner explains his ambitious plans for Bluetooth beacons, we look at US Bank’s mobile shopping platform, and Westpac tells us how it aims to offer the best digital banking experience in the world.
French supermarket chain E.Leclerc begins a national mobile payment rollout, InMarket puts Bluetooth beacons into 150 US grocery stores, with thousands more expected by end of year, and the first products with Fido Alliance password replacement features are demonstrated at CES in Las Vegas.
Fingerprints, voice prints, palm vein patterns, face recognition and iris scans are all now being tested for verifying a consumer’s identity for payments at the point of sale and to protect access to mobile wallets, online commerce, mobile banking applications, individual apps on a device and physical locations. We take an in-depth look at the latest developments.
The European Central Bank sets out recommendations for mobile payments services, the CEO of Kopo Kopo explains how his company has enabled 10,000 Kenyan merchants to accept M-Pesa mobile money payments in their stores, and how ex-Google Wallet execs are set to bring Amazon-like customer awareness to brick and mortar stores.
A detailed new report from the World Bank member IFC explains why many mobile financial services fail to take off, PXT’s Looped In payments and marketing app for college students is gathering pace with 125 merchants now signed up in the Boston area, and Timberland puts plans in place to roll out Bluetooth LE marketing after a successful pilot.
Borica Bankservice’s Bogdan Stavrev explains how Bulgaria’s new Mobb national mobile payments platform works, a national mobile payments service to launch in Colombia this year, and BNP Paribas Fortis’s Gunter Uytterhoeven explains how the new Belgian Mobile Wallet platform has been designed to meet merchants’ needs.
In this edition of The Mobile Wallet Report we reveal how Chinese ecommerce giant Alibaba Group has signed up the distributors of 90% of China’s vending machines for a sound-based mobile payments rollout; US startup LikeUs Network has unveiled a mobile payment device that plugs into any vending machine to instantly start accepting payments via an app; Barclays has added QR codes to its Pingit mobile payment application; and more…
In this 17-page edition of The Mobile Wallet Report we cover: Google takes its wallet to the cloud; PayPal hits 250,000 stores, invests in merchant upgrades; Alternatives to both NFC and QR begin to gain traction; and more…
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