The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
X-Cart, a global provider of hosted shopping cart services for eCommerce businesses has teamed with Coinzone, a leading Bitcoin payment solution provider dedicated to making it easy for European merchants and consumers to use and accept digital currencies.
The worldwide wearable device market recorded its eighth consecutive quarter of steady growth in the first quarter of 2015 (1Q15). According to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, vendors shipped a total of 11.4 million wearables in 1Q15, a 200.0% increase from the 3.8 million wearables shipped in 1Q14.
American Express is juicing up its Starwood Preferred Guest (SPG) Credit Card in August. With the enhanced product benefits, the new annual fee will increase from $65 to $95 effective August 11, 2015. The first year of Card Membership is free and $95 annually thereafter.
Nearly 70% of money sent through Western Union in the United States is picked up by receivers on the same day, with nearly one-third picking it up within one hour. Globally, nearly 70% of payouts made by Western Union are picked up by receivers in major remittance receiving countries within 24 hours as well.
American Express is upping the ante for its Premier Rewards Gold Cardholders with new dining and travel benefits. Now offering double Membership Rewards points at U.S. restaurants and a $100 airline fee credit at one airline for incidental charges such as baggage fees.