A press release issued on the 9th February 2016 has confirmed that the use of the Paym mobile payment service increased by 89% during the second half of 2015 compared with the same period the previous year. Paym allows users to send and receive payments to a current account held at participating banks or building…
Toronto based payments company nanoPay have acquired the digital currency platform MintChip™ from the Royal Canadian Mint. MintChip™ is “a digital replacement for cash” and, the company says, with backing from the Government of Canada, is the first regulator-friendly digital cash platform. “As a digital payment technology with many of the attributes of cash, MintChip™…
A press release by Safaricom has announced that Kenyan M-Pesa users can now send funds to recipients in Uganda thanks to a partnership with mobile operator MTN. M-Pesa is a mobile phone based money transfer service which was launched in 2007 by Vodaphone for Safaricom and Vodacom – the largest mobile telecommunication services in Kenya…
Taxi hailing app Uber has begun accepting cash payments for rides in Indonesia, specifically within the city of Bandung where over two million people reside. Uber users traditionally use a registered payment card to pay for their rides using the Uber app, but in countries where the use of credit or debit cards is less…
Samsung Pay, the mobile payments application from Samsung, has now been launched in the US. Since Monday, those in the US with a compatible handset, namely Samsung’s Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge + and Galaxy Note5, have been able to make mobile payments in stores. Samsung Pay not only works using Near…
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…
A report by Australian bank Westpac has stated that Australian smartphone users predict the country will be 90% cash free by 2027. In fact, Westpac believe there is an expectation that it could be as early as 2022 if excluding survey results from those who believe the country will never be cash free. The Westpac…
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…
A press release issued by MasterCard yesterday talks of their plans to enable limitless contactless payments across Europe by 2017. MasterCard states that during the second quarter of 2015, contactless payments, also known as “Tap & Go”, grew by 170% year on year across Europe. They also state that the value of euro contactless payments…
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…