Global mobile payments accounted for 30 per cent of all online transactions during the third quarter of 2015 compared to 28.7 per cent of transactions during the second quarter, figures from global payments technology company Adyen show
Samsung Electronics opened up a public beta for its mobile payments service, Samsung Pay, ahead of its wider rollout next month. Meanwhile, Apple is expanding the number of locations that will accept its own mobile payments service, which has a significant head start.
The Merchant Customer Exchange (MCX), which is setting up a mobile payments system called CurrentC to rival Apple Pay, Google's Android Pay and other offerings, said the CurrentC system may not launch until 2016. Meanwhile, Samsung Electronics said its own mobile payments system, Samsung Pay, will launch in South Korea on Aug. 20 and in the U.S. on Sept. 28, adding yet another player to an increasingly crowded and fragmented market.
Apple faced pressure from credit card companies to drop transaction fees on its Apple Pay mobile payment service, as separate reports indicated the company is gearing up to launch the service in the UK within two months.
Apple has claimed that around half of the top 100 merchants in the U.S. will be supporting its Apple Pay mobile payments system sometime this year. However, Reuters found that fewer than a quarter of the top 100 retailers it surveyed said they currently accept Apple Pay, and nearly two-thirds of the chains said categorically they would not be accepting it this year.
Google used its opening keynote of its I/O developer conference to unveil a new, polished version of its Android mobile operating system, a new mobile payments app called Android Pay and updates to its Google Now proactive personal assistant.
Google will use its I/O developer conference, which kicks off today, to unveil an overhaul to its mobile payments offering, according to a New York Times report. Further, the report said Apple is going to soon announce enhancements to its own Apple Pay platform, including a rewards program.
BARCELONA, Spain--Google's Sundar Pichai confirmed that the search giant will launch an MVNO in the U.S. on a limited basis in "the coming months" to spur innovation in the wireless market. Although Pichai did not indicate which carrier or carriers Google will work with, several reports last month indicated that the partners are Sprint and T-Mobile US.
BARCELONA, Spain--Samsung Electronics unveiled the next versions of its flagship line of smartphones, the Galaxy S6 and S6 Edge, with high hopes that these devices will be a bigger hit than their predecessor, the S5. The two smartphones are dramatically different from the plastic-backed progenitors of the Galaxy S family because they have metal bodies.
Google is going to unveil a new API called Android Pay at its I/O developer conference in late May, according to an Ars Technica report, and the platform will enable payments in brick-and-mortar stores and in-app payments for third-party applications.