Samsung phone

Samsung Pay hits $30M in 1 month

Samsung Pay, the mobile payments application launched by Samsung in South Korea a month ago, has already been used for $30 million’s worth of transactions by users. From its launch on 20 August until 20 September, Samsung Pay reportedly had 1.5 million transactions, and 10% of South Koreans using the app daily. The mobile payment app allows…

Mobile payments

Android Pay now available in the US

Android Pay, the new mobile payments technology owned by Google, has today been launched in the USA. Android has begun the rollout of its new service, allowing users to make payments with their compatible Android phones in stores, which will continue for the next few days. Like most mobile payments, Android Pay uses near field…

Mobile payments

UK Contactless card limit rises to £30

From today, shoppers in the UK can make contactless card or mobile payments up to a value of £30 per transaction. Contactless payments are those made without the use of a pin or signature, made by touching a contactless enabled payment card or mobile device against a compatible payment terminal. The limit has gradually risen…

Man wearing Nymi Band on wrist

Authenticate payments using your heartbeat

Canadian company Nymi has developed an authenticating wristband which uses a person’s unique electrocardiogram (ECG) reading. According to the company, the wristband allows wearers to “seamlessly unlock devices, remember passwords and more”. Nymi first discussed using their wristband technology as a payment authenticator last year and, following a successful trial, it now claims that the…

Cash payment in market

Ukraine restricts cash use

The National Bank of Ukraine, the country’s Central Bank, has issued a press release stating that it has passed a resolution which restricts the use of cash within the country. The bank has passed a “Resolution On Setting a Cap on Cash Payment” (Resolution No. 210, dated June 6, 2013) whereby cash payments have been…

Mobile payments

Apple Pay launches in the UK

From today more than 250,000 shops across the UK will begin accepting Apple Pay payments, including Boots, the Post Office, Marks & Spencer, Waitrose and London’s transportation network Transport for London (TfL). Users of Apple’s NFC enabled devices can now use them to make contactless payments in retail stores as well as in-app and online…

Mobile payments

Mobile payments encourage tipping

An article by American news channel CNBC reports of an increase in tipping within some service businesses since the introduction of mobile payments. Restaurants are reporting that they have seen an increase in the percent value which has been given as a tip when paying for their meal since they installed mobile payment systems within…