Tag: Mobile wallets

Apple Pay Growth Hints at the Future of Digital Wallets

As an avid Apple Pay user, I read with interest a recent Quartz article on the worldwide growth of this digital wallet. According to the article, Apple Pay is on pace to account for 10% of all global card transactions; Apple Pay currently accounts for 5% of global card transactions and that number will double…
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February 12, 2020 0

Mobile Pay Was in Decline – It’s Back in a Big Way!

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen to receive notifications as soon as the episode publishes. Data for today’s episode is provided by Mercator Advisory Group’s report – Mobile Payments: Making a Comeback Mobile pay was in decline – it’s back in a…
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November 19, 2019 0

THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money between them are all feeling its effects differently. For banks, card networks, and processors, the digital…
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January 30, 2018 0

LG Pay to launch this year in the U.S.’s crowded mobile wallet market

The long-rumored U.S. launch of LG Pay looks finally set to happen. South Korea-based LG Electronics Inc. plans to debut its mobile payments platform in the U.S. during the first half of this year, coinciding with the launch of two new handsets — the G7 and V40. LG Pay offers a near identical version of…
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January 10, 2018 0

Chase urges card users to pay with its mobile wallet—or someone else’s

JPMorgan Chase & Co. will soon kick off a cash-back incentive for credit card customers who pay with a mobile wallet, and it doesn’t matter if the transaction is handled by its proprietary Chase Pay platform or Apple Pay, Android Pay or Samsung Pay. Chase for the first time has added mobile wallets as one…
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December 19, 2017 0

A well-rounded Square takes another crack at consumer payments

Over the years, Square has evolved from a supplier of simple card readers to a provider of diverse omnichannel services. But the consumer market has always eluded it. Starting in 2011, Square debuted Card Case, which allowed consumers to store a credit or debit card with Square after using it at a Square merchant. The…
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November 9, 2017 0