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Differing forecasts for mobile wallet

Research and opinion on mobile payment trends contain conflicting predictions and conclusions, partly as a result of banks commissioning fewer market studies, leaving researchers to find a new starting point for evaluation, says consultant Steve Mott. For example, research from Auriemma Consulting Group found at least 42% of iPhone 6 and 6 Plus users have tried Apple Pay at least… Continue reading >>

Google’s ‘Pony Express’ Gmail bill payment

Google is reportedly developing a new Gmail feature, Pony Express, that will allow users to receive and pay bills directly from their email inbox. According to Recode, the new project is called Pony Express, though that could be an internal code name; Google could go in a different direction with branding when Pony Express launches to consumers. (But we very… Continue reading >>

Monitise rejects sale, Lukies ejected

Former mobile banking darling Monitise has decided not to sell itself, but a strategic review of its “options” has led to its founder and co-CEO Alistair Lukies stepping down from the top job and board. Mr Lukies will now merely be a “strategic adviser” to Elizabeth Buse, who becomes the sole chief executive of the troubled mobile money company – according… Continue reading >>

Mobile money transfers double

New research from remittance specialist Azimo, demonstrates that the percentage of money transfers sent from mobile phones has more than doubled in the 12 months to January 2015. Azimo’s research found that almost one in 10 people between the ages of 18 and 24 have sent money via a mobile phone. Just one in 200 people over the age of 55 have… Continue reading >>

More than half of global professionals use their mobile phones for payments

In a recent survey of over 300 global business professionals by Timetric, respondents were asked if they use mobile phones for payments and if it is set to change over the next six months. More than half of the respondents (52%) indicated they use their mobile phones for payments, with business professionals in Asia-Pacific (58%) performing mobile payment transactions more… Continue reading >>

Xiaomi offers interest bearing mobile wallet

Chinese smartphone maker Xiaomi is the latest tech company to cross over into financial services by offering an interest bearing mobile wallet. Xiaomi began public beta testing Tuesday of an online money-market fund that lets users earn interest on money saved in Xiaomi’s wallet app, a spokeswoman said. It marks another sign of Xiaomi’s ambitions to be an Internet company… Continue reading >>

Facebook Messanger P2P payments

Facebook is bringing P2P payments to its Messenger application. The strategy will help Facebook keep users on its platform and add value while opening the door to promotion and loyalty capabilities for advertisers. Facebook stiffens competition in the P2P payments space which includes eBay’s Venmo, Snapchat, several banks and others. “Embedded P2P is clearly becoming a thing,” said Thad Peterson, senior… Continue reading >>

Banking app prototype for Apple Watch

Misys has unveiled what it claims to be the first banking app prototype for the Apple Watch. Developed by a team at Misys Labs, the company said the technology would enable banks to provide services to their customers in an entirely new way. Called Misys FusionBanking Essence BankTime, the app is designed to give consumers greater control and clarity of… Continue reading >>

mPOS player Payleven arrives in Ireland

Payleven, a European mPOS specialist, has announced the launch of its 11th market in the Irish Republic. Irish business owners can accept card payments without fixed costs, contractual obligations or minimum sales through Payleven’s chip and PIN card reader. As a gift for all Irish business owners, Payleven offers an exclusive introductory price of €64 for the card reader. Konstantin… Continue reading >>

Youth attitudes to banking and online banking services

We all instinctively know that mobile is a key channel for any number of things: from communications to gaming, on to navigation through to payments. The smartphone, heralded by the arrival of the iPhone in 2007, has catalyzed change like few other inventions in recent years. Banking is no different and after the rapid rise of home banking following broadband… Continue reading >>