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FitBit buys wearable payments tech from Coin

Cashless Payments, News, TechnologyBy SMI 19/05/2016

FitBit Inc, the fitness tracking company which has exploded into the fitness technology market, has acquired wearable payments assets of electronics and financial technology company, Coin Inc. FitBit Inc. is a provider of stylish wearable physical activity trackers, namely FitBit trackers, allowing users to monitor their activity and sleep patterns with the aim of promoting a healthier lifestyle.…

9 ways to secure your mobile wallet

Cashless Payments, NewsBy SMI 10/03/2016

The adoption of mobile payment solutions has, certainly in the last two years, been massive. With the launch of mobile wallets from key industry players such as Apple and Google, there has also been an influx of solutions from much smaller companies, with reports of new mobile wallet systems being released around the world as a daily event.…

Introducing Google Hands Free payments

Cashless Payments, NewsBy SMI 02/03/2016

Google has today released an app which is being piloted by users, allowing them to make in-store payments without handling either their wallet or smartphone. The app was first announced in May last year during Google’s I/O developer conference. The limited public pilot, which is being tested in a number of retail stores and restaurants in San…

Uber accepts cash in Indonesia

Cashless Payments, News, TechnologyBy SMI 06/11/2015

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 mobile payments launch in US

Cashless Payments, NewsBy SMI 28/09/2015

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 hits $30M in 1 month

Cashless Payments, NewsBy SMI 25/09/2015

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…

Australia 90 per cent cash free by 2027

Cashless Payments, News, TechnologyBy SMI 23/09/2015

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 now available in the US

Cashless Payments, News, TechnologyBy SMI 10/09/2015

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…

MasterCard to lift contactless payment limit by 2017

Cashless Payments, NewsBy SMI 09/09/2015

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…

UK Contactless card limit rises to £30

Cashless Payments, NewsBy SMI 01/09/2015

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…