Mobile payments

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Top 10 mobile payment development trends to watch in 2021

04 Feb 21 @ 17:52

3.2 billion people worldwide used smartphones in 2019, and 3.5 billion in 2020. The move towards digital and mobile payment and commerce is so well document both by Payments Cards... read more

Biometrics to secure over $3 trillion in mobile payments by 2025

02 Feb 21 @ 15:50

A new study has found that biometrics will authenticate over $3 trillion of payment transactions in 2025, from just $404 billion in 2020. The report found that biometrics, including fingerprint,... read more

Mastercard enhances contactless payments by applying quantum tech

26 Jan 21 @ 18:04

Mastercard says it will enhance contactless payments by applying the latest quantum-resistant technologies. Mastercard says it has designed the Enhanced Contactless (Ecos) specifications to increase the security and convenience of... read more

Irish banks’ payments app Synch hits regulatory road bump

25 Jan 21 @ 13:28

The recent announcement from a group of Irish banks to set up an instant money-transfer app called Synch, has hit a regulatory block, as the Competition and Consumer Protection Commission... read more

Mobile outperforms 2020 expectations with consumers spending $143 billion on Apps

22 Jan 21 @ 13:28

App Annie has released The State of Mobile 2021 report. This annual appraisal provides insight into mobile’s expansive impact across industries and the global economy. 2020 accelerated mobile adoption as... read more

PayPal wins Chinese payments race with full ownership of payment business

19 Jan 21 @ 17:21

PayPal has manged to fend off serious competition and achieve what no other foreign company has been able to do to date becoming the first foreign operator with 100% control... read more

Irish banks form alliance for faster payments app Synch

18 Jan 21 @ 09:00

Four of Irelands largest banks are joining forces to launch an instant payments digital payment app, dubbed Synch, that they intent to promote to help fend off the threat posed... read more

New Year, New Habits: Contactless payments and e-commerce are here to stay

14 Jan 21 @ 10:48

As the one-year mark of the COVID-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer... read more

Mastercard launches its first pilot of Cloud POS acceptance technology

11 Jan 21 @ 17:12

Mastercard has partnered with NMI and Global Payments to launch its first live Cloud POS on Phone pilot with Computer Engineering Group (CEG). In Q3 2020, contactless penetration represented 41%... read more

A regulator with no teeth? Ant Group forced to break up by PBoC

04 Jan 21 @ 17:39

China’s central banking regulator, the People’s Bank of China, is reported to be accelerating plans to bring Ant Group closely under its control as part of a “rectification” drive that... read more

The Netherlands Authority for Consumers and Markets probes NFC payments

18 Dec 20 @ 08:00

The Netherlands Authority for Consumers and Markets (ACM) has launched an investigation into competition in smartphone-based NFC payments, examining whether limitations on access to NFC payments functionality on some devices... read more

WhatsApp launch WhatsApp cart for integrated m-commerce

17 Dec 20 @ 13:29

WhatsApp has introduced a new shopping feature called WhatsApp cart for an easier more integrated m-commerce shopping experience on the platform. The “Add to Cart” feature  enables users to browse... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more