A new study shows that four out of five millennials are using mobile banking services to save money. The latest PYMNTS.com Digital Banking Tracker focuses on companies planning new ways to help millennials securely access their financial information on their mobile devices. According to research released by Halifax Savings, 80% of adults between the ages…
In Other News: PAYJUNCTION (office); TESCO (MasterCard); 3DCART (update); and CXC (Qwil). PAYJUNCTION – PayJunction, answering strong demand for its electronic payment processing software and financial services, opened the doors to a new office space in Santa Barbara, CA. Between the original State Street headquarters and new Carillo office, PayJunction now occupies 15,000 square feet…
Mobile money service users worldwide are set to break the 1 billion mark by the end of 2016, equating to 20% of unique mobile users. According to a new forecast from Strategy Analytics’ Mobile Payment Service, mobile money transactions will more than double from US$200 billion in value in 2016 to US$571 billion by the…
MasterCard is bringing ApplePay to its Swiss and Hong Kong customers and cardholders. MasterCard contactless (NFC) in Switzerland has more than 100,000 locations including Migros, Coop or Kiosks. More than 3 million contactless purchases are made every month, up 100% compared to the previous year. MasterCard is working with several Swiss banks and card issuers to enable…
Mozido is powering international remittances for mobile wallet users in Sri Lanka. Mozido has partnered with MoneyGram in this groundbreaking service. Mobile customers of Dialog, Etisalat and Hutch in Sri Lanka registered with eZ Cash, the world’s first inter-operable mobile money service, can now receive international remittances through their eZ Cash mobile wallet. This provides…
Wirecard and MyOrder have teamed to offer new FinTech solutions. Wirecard and MyOrder now enabled GRPPY to create a shared wallet. GRPPY is Rabobank latest startup and is using the platform of MyOrder, for which Wirecard already provides the complete wallet infrastructure as a technical service provider. GRPPY, the group wallet on your mobile, is…
London-based VocaLink has rolled-out its new Zapp “Pay by Bank app” service is soon to be available to customers of four of the UK’s biggest banks. Zapp is the payment innovation team within the VocaLink Group. Whether users are registering for the first time or paying with a mobile, “Pay by Bank app” uses the…
London-based WorldRemit and MTN Cote D’Ivoire have launched instant international remittances to MTN Mobile Money wallets in Cote D’Ivoire. With the WorldRemit app, the Ivorian diaspora can now send overseas money transfers to any MTN Mobile Money wallet in Cote D’Ivoire – with a few simple taps. This means people in Cote D’Ivoire can now…
Mobile app users are spending $7.40 on paid-for apps every three months and $9.20 on in-app transactions, resulting in a quarter more spending on in-app transactions According to an online consumer survey by Gartner, app users spend 24% more on in-app transactions than on upfront app payments. The survey found that younger people are more…
Atlanta-based Sionic Mobile reports its proprietary, mobile-to-mobile, three-digit checkout process is gaining traction among small business owners. Requiring no new hardware or upfront investment, ION Loyalty provides small business owners with mobile checkouts that are faster, easier and safer than cash or plastic – a preferred alternative to Square, PayPal Here and others – along…
In Other News: KINERJAPAY (report); WISEKEY (INSIDE); DASHLANE (funding); and REVEL (Expensify). KINERJAPAY – KinerjaPay reports it is now serving over 50,000 customers in Indonesia, up from 12,000 at the start of April. The Company also reports an increase in average number of daily transactions, from 300 per day to 1,500 per day, over the…
Toronto-based FreshBooks has introduced the FreshBooks Card Reader for Android. FreshBooks’ first piece of hardware, the card reader helps small business owners accept credit card payments from anywhere using their mobile device. Offering the most up-to-date EMV security technology, the FreshBooks Card Reader provides dual chip-and-swipe capability to protected small business owners from fraudulent transactions.…