Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank... More
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Frost & Sullivan predicts surge in mobile wallet adoption
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
Analyst compares global take-up of key mobile payment services
Apple Pay has attracted 12m monthly users globally since its launch in October 2014, while Google’s Android Pay has attracted 5m monthly users since becoming available in September 2015 and Samsung Pay has also attracted 5m monthly users, according to research by Crone Consulting which has been reported by Bloomberg... More
Google reports on US Android Pay adoption
Android Pay has averaged 1.5m new registrations each month in the US since the mobile payment service’s launch in September 2015, Google has revealed... More
GSMA reports on mobile money adoption
More than one billion transactions were processed through mobile money services globally in December 2015, the GSMA reveals, with registered accounts growing by nearly 100m — taking the total to 411m... More
MasterCard reports 150% increase in contactless transactions in Europe
More than one billion contactless MasterCard and Maestro transactions were processed in Europe in 2015, up 150% on 2014, MasterCard reports... More
Paym reports 89% increase in use in second half of 2015
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
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
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... More
A third of US consumers now use mobile wallets
Nearly a third of US consumers (32%) are currently using a mobile wallet such as Apple Pay or Android Pay, research from Vibes reveals... More
Alipay reports 65% share of China’s online payments market
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... More
NFC secure element shipments grow 40% in 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
The inclusion of biometrics in mobile devices will generate US$9bn in revenue by 2018, a report by Biometrics Research Group predicts... More
One in five US Starbucks transactions now on mobile
Mobile payments now account for 21% of all transactions in US Starbucks-owned stores... More
226bn transactions to be secured with biometrics by 2020
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... More
Fingerprint sensor shipments to reach 1bn units by 2020
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... More
Under half of US small businesses aware of EMV
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... More
Three in four Poles aware of NFC mobile payments
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... More
Cyber experts unsure of mobile payment security
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... More
Three in four Android users would use an NFC payments service
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... More