Apple Pay now accounts for 5% of global card transactions
Payments made via Apple Pay now account for around 5% of global card transactions, according to research firm Bernstein — and are set to represent 10% of all card transactions by 2025... More
Quartz
Safaricom to launch messaging service that leverages M-Pesa for payments
One of the world’s biggest mobile money services wants to become a social network — Quartz — “The messaging service, known as Bonga (which means “to chat” in colloquial Swahili), was partially launched on April 26, in closed beta testing for select users on Android devices, according to documents seen by Quartz. The app will allow users to review their balance on M-Pesa, besides letting customers transact money without leaving the platform.”
Apple Pay to add loyalty?
“Close financial partners and job postings on Apple’s career page hint that the company is interested in more closely integrating Apple Pay into loyalty programs that reward customers for using the mobile wallet,” Quartz reports... More
Venmo to get NFC mobile payments
The PayPal-owned Venmo mobile payments app may soon allow users to make in-store purchases using NFC... More
Apple Pay reaches mobile app inflection point
Apple Pay has seen an acceleration in mobile app acceptance across the US, according to Piper Jaffray analyst Gene Munster, who calls it an “inflection point” in a recent investor note reported by Quartz... More
Apple to allow P2P transfers through iMessage?
A patent filed by Apple suggests that the company may be looking at letting iPhone users send money over iMessage as well as via phone calls, emails and calendar invitations... More