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    Paym reports 89% increase in use in second half of 2015

    February 9th, 2016

    More than £146m has been sent using peer-to-peer mobile payments platform Paym since its launch in 2014, with 1.46m payments sent in the second half of 2015 compared to 774,628 in its first six months — an increase of 89% — the company has revealed.  More

    More than 3m London journeys made using a mobile device in second half of 2015

    January 28th, 2016

    More than 3.2m journeys across London’s transport network were made using mobile devices in the second half of 2015, Transport for London (TfL) has revealed, and over 35,000 journeys a day are now being made using a mobile device. More

    A third of online transactions now made on mobile

    January 27th, 2016

    More than a third (34%) of browser-based online transactions globally are now made on a mobile device, compared to just over 30% last quarter, research from Adyen reveals. “The increase is driven particularly by major Asian-based payment methods including JCB, UnionPay and Alipay,” the firm says. “The UK continues to lead the way in mobile payment adoption, with 49% of online transactions on mobile devices.”

    A third of US consumers now use mobile wallets

    January 25th, 2016

    Nearly a third of US consumers (32%) are currently using a mobile wallet such as Apple Pay or Android Pay, research from Vibes reveals. 94% are likely to save personalised mobile wallet offers and coupons while 59% say their opinion of a retailer would become more positive if they started to receive coupons and offers that could be saved on their smartphones.

    Alipay reports 65% share of China’s online payments market

    January 25th, 2016

    Nearly two thirds (65%) of online payments in China were made through Alipay last year, findings published by the mobile payments provider and reported by ECNS reveal. “The percentage represents a big jump compared with 49.3% of the total transactions done by the same mode in 2014,” the publication says. “The Tibet autonomous region leads the country in mobile payment with 83.3% of the online payment transactions in the region made with mobile devices in 2015.”

    NFC secure element shipments grow 40% in 2015

    November 18th, 2015

    A total of 490m NFC secure elements will be shipped in 2015, up 40% on the 350m shipped in 2014, smart security industry association Eurosmart reports. A total of 590m units is expected to ship in 2016, up 20% on 2015. More

    Mobile biometrics revenue to reach $9bn by 2018

    November 17th, 2015

    The inclusion of biometrics in mobile devices will generate US$9bn in revenue by 2018, a report by Biometrics Research Group predicts. “Worldwide revenues within the mobile biometrics sector will total US$45bn by 2020 and 650m people will be using biometrics on mobile devices by the end of 2015,” the company says. “Biometric smartphones will increase tenfold from 200m users in 2015 to 2bn users by 2020.”

    One in five US Starbucks transactions now on mobile

    November 3rd, 2015

    Mobile payments now account for 21% of all transactions in US Starbucks-owned stores. “Although we only completed the rollout of Mobile Order & Pay across our system — 7,500 US company-owned store portfolio — in September, we were already operating at a run rate of over five million transactions per month,” CEO Howard Schultz said during the coffee chain’s fourth quarter earnings call. “That figure, believe it or not, is growing by the hour.”

    226bn transactions to be secured with biometrics by 2020

    October 5th, 2015

    Some 226bn transactions worth a total of more than US$5.6trillion will be secured using biometric technology by 2020, research from Goode Intelligence predicts. “Payments are the main driving force for the wide-scale adoption of biometrics in the consumer market,” the company says. “Mobile payments are a major driver with the need for authentication speed creating demand for a frictionless user experience that biometrics can meet.”

    Fingerprint sensor shipments to reach 1bn units by 2020

    October 5th, 2015

    Shipments of fingerprint sensors for smartphones are expected to reach 1bn units by 2020, representing a 17% compound annual growth rate (CAGR), according to ABI Research. “Other biometric modalities like face, voice and eye-based recognition are currently moving out of the fledgling phase and are to be integrated as highly-secure — albeit more expensive — biometric capabilities in smartphone devices with a five-year CAGR revenue growth of 144%,” the company says.

    Under half of US small businesses aware of EMV

    October 5th, 2015

    Some 43% of small business owners in the US are familiar with EMV cards, Capital One’s Spark Business Barometer has found, but just a third (34%) of those were accepting EMV cards as of August 2015. 54% of those familiar with EMV are “unaware” that businesses will be liable for fraudulent charges incurred on other payment systems and 6% will increase investment in digital payment solutions such as Apple Pay.

    Three in four Poles aware of NFC mobile payments

    September 30th, 2015

    Nearly three quarters of Polish consumers (74%) are aware of NFC mobile payments and 4% are using them, research conducted by ARC Rynek i Opinia for SIA reveals. 96% have heard of contactless payments and credit cards and 41% perceive them to be the most “modern”, followed by mobile payments (36%), payment cards or online bank transfers (35%).

    Cyber experts unsure of mobile payment security

    September 28th, 2015

    Just one in four cybersecurity experts (23%) believe that mobile payments are secure and can keep personal information safe, the 2015 Mobile Payment Security Study from IT professional association ISACA has found. 47% say mobile payments are not secure and 30% are unsure. “87% expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015,” the association says.

    Three in four Android users would use an NFC payments service

    September 25th, 2015

    More than three quarters of Android users (78%) would use a service similar to Apple Pay if it became available to them, a survey conducted by Helixion has found. Overall, half of the 450 respondents… More

    Korean Samsung Pay users spend $30m in first month of launch

    September 24th, 2015

    More than US$30m has been spent through Samsung Pay since the mobile payment service’s launch in Korea one month ago, Samsung has revealed. In total, more than 1.5m transactions were conducted, of which 60% took… More

    40% of UK Apple device owners have used Apple Pay

    September 23rd, 2015

    Four in ten UK consumers with an Apple Pay compatible device (40%) have used the mobile payment service to pay for goods or services since its launch in July 2015 and 15% feel that the… More

    Indian mobile wallet market to reach US$6.6bn by 2020

    September 23rd, 2015

    India’s mobile wallet market will be worth US$6.6bn by 2020, research from TechSci Research reveals. “The mobile wallet market in India is projected to exhibit exponential growth during the forecast period on account of rising smartphone penetration rate, growing mobile internet user base and increasing government support,” the company says. “Mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users.”

    Six in ten US consumers yet to receive an EMV card

    September 22nd, 2015

    Close to six in ten US consumers (59%) have not yet got an EMV card and only 32% of those who have are aware that the US is moving to EMV payments, ABI Research has found. “67% indicated they have not received information from their credit card issuer or bank explaining what EMV means and how it will impact them,” the company adds.

    One in four US merchants will be EMV-ready by October deadline

    September 21st, 2015

    Only 27% of US merchants will be EMV-ready by the October liability shift, representing a seven percentage point decline from a 34% estimation in March, research from The Strawhecker Group (TSG) reveals. “By December 2015, 44% of US merchants are expected to adopt EMV, however, EMV-readiness will not reach a threshold of at least 90% until 2017 — more than 15 months after the shift,” the company says.

    80% of Brits have used alternative payment methods this year

    September 17th, 2015

    Eight in ten UK consumers with bank accounts have used an alternative to traditional cash and plastic cards in the last 12 months, research by Gocompare.com has found. 4% have made an NFC mobile payment,… More

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