According to eBay and PayPal (a subsidiary of eBay), Thanksgiving 2012 brought a 2.5-fold in the global volume of mobile transactions over the same day of 2011. Also, the number of customers that used tablets or smartphones to shop this Thanksgiving was 164% higher than last year.
Vodafone Australia wants to give its subscribers a better shopping experience through Vodafone Smart PASS. The contact-less payment system is similar to Google Wallet’s NFC-based service, although it is intended to be cross-platform, basically working on any NFC-equipped smartphone.
Serial entrepreneur Jack Dorsey must have the magic touch. After leaving Twitter for another venture, the microblogging service’s co-founder hit the jackpot anew, this time with mobile payment processor Square.
Gibu Thomas, Senior Vice President of Mobile and Digital at Walmart, doesn’t think mobile payments are going to be a big thing according to FierceWireless. He even went so far as to say that people are already used to paying for products with cash and credit cards, so what’s the point of introducing a third payment method? Does this mean Walmart doesn’t understand the future?
With so many methods for mobile payments being put through the wringer, why not add another one? MasterCard and ING Group have introduced a new payment method that interweaves both mobile and internet payments. Sound confusing? We’re just getting started.
Finally, Canadians can now get rid of the good old credit card. Well, at least that’s the dream. Rogers and the local bank CIBC have partnered to make the dream of NFC mobile payments a reality for Canadians.
Analysts have been predicting the rise of NFC for a while now, but expectations vary wildly. The main driver that’s widely touted is mobile payments, but the number of NFC-enabled devices in circulation is still relatively small. We take a look at some potential uses for NFC and ask: what is holding it back?
Being one of the biggest proponents of Isis, so much so that it blocks the use of Google Wallet on its devices, Verizon strangely only has a handful of smartphones that support it.
Square is revolutionizing the mobile payments business. The company lets business and store owners accept payments through their iPhone, iPad or Android device through an add-on accessory. Initially launched in the U.S., Square is gradually opening to an international market, with Canada as its first step.
As announced on its Twitter account, MetroPCS subscribers can now use Google Wallet on their device. For now, only those sporting the Samsung Galaxy S3 can start using the mobile payment service.