"mobile payment" articles
PayPal is on offensive at all fronts. The three initiatives launched sequentially within 48 hours show a multi-facet effort from PayPal to conquer the mobile payment market. First, it announced on the eve of MWC a dedicated mobile payment app for Samsung’s Galaxy Gear II—the new smart watch. Then during the S5 event in the evening of 24 th , it announced it will be the payment solution partner to Samsung to power the Galaxy S5’s fingerprint-based NFC payment function. To round it up,...
Parks Associates has released a new industry report called, “Transforming Commerce: Mobile Wallets & LBS.” In this report, Parks Associates analysts examine the impact of mobile payment applications and location-based services (LBS) and technologies on retail and commerce.
The report evaluates the prospects of several competing mobile wallet approaches and profiles the leading mobile wallet solutions. The report outlines the opportunities and challenges of mobile wallets...
Two major events occurred in September 2013 affecting the mobile payments ecosystem-Google's expansion of its Wallet app to non-NFC smartphone users and Apple's reveal of the iPhones 5S and 5C.
Both of these events appeared to move the vision of a mobile payments future based on NFC (near field communication) further from reality. However, when examined more closely, these moves align with each company's near-term strategies, while NFC still has several key advantages that will keep...
Two major events occurred in September affecting the mobile payments ecosystem—Apple’s recent iPhone 5S and 5C reveal, and Google’s expansion of its Wallet app to non-NFC smartphone users. Both of these events appeared to move the vision of a mobile payments future based on NFC further from reality. Did they?
Is Google Abandoning NFC?
Google launched an NFC-based payment app, Google Wallet, back in September 2011. Even after two years on market, however, Parks...
Facebook has recently announced that it is phasing out Facebook Credits, which once had the potential to become the social network’s own currency. When Facebook Credits launched in 2009, the social network required game developers like Zynga to use Facebook Credits as a payment platform and even tried selling Facebook Credit gift cards on the shelves of stores like Target and Walmart.
Industry analysts originally saw the potential for Facebook Credits to eventually become a...
Mobile commerce has emerged as one of the biggest opportunities in mobile and high tech this year, with retailers and brands increasingly using mobile to drive online and in-store sales.
In fact, mobile is now the channel that differentiates retailers from their competitors. And it’s changing fast. For physical and electronic retailers, mCommerce means getting a handle on SMS/MMS, mobile-commerce enabled advertising, coupons, social commerce and more.
Meanwhile mobile,...
Designed to solve the headache of splitting drink or dinner tabs, and powered by PayPal, enter Bump Pay. Similar solutions exist, including one from Venmo and even PayPal's own Bump-enabled app, but now Bump has decided to introduce a new app, rather than update its original.
The Bump Pay app functions much like its predecessor Bump, which lets users "bump" smartphones together to share contacts and photos. Bump Pay allows users to pay the same way.
The app team...
Parks Associates' new whitepaper, "Mobile Payment - Stepping into Uncharted Territory" looks at the disruptive force of mobile payments and emerging business opportunities for new and established players, from Google to Square to Barnes & Noble.
Topics include: Market Segmentation and Key Players; The Consumer Perspective; Market Growth Projections; U.S. Market Growth Prospects, Catalysts, and Potential Leaders; Solutions for In-Person and Remote Mobile Payments;...
