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.
Google hopes to unveil a new mobile payments service at its I/O developer conference at the end of May, according to a Wall Street Journal article.
Samsung Electronics acquired mobile payment company LoopPay and said it will integrate the Boston-based startup's technology into future devices. Samsung is widely expected to announce the next iteration of its flagship Galaxy Android smartphone, likely the S6, at the upcoming Mobile World Congress trade show, and that device may well be the first to integrate LoopPay's technology.
Apple CEO Tim Cook said the company's blockbuster holiday quarter proved that the company did not need to make a cheaper iPhone in order to continue to grow its smartphone business. He reiterated that Apple will not make a less expensive iPhone for the sake of making one, and will continue to focus on making great products.