The list of reasons why the mobile wallet continues to fail to gain much traction despite a tremendous amount of hype is long. A variety of competing systems and technologies serve only to confuse consumers; mobile payments are often more cumbersome and time-consuming than using credit cards or cash; security concerns remain; and retailers have historically done a poor job of educating both their customers and their employees how to use mobile payments at the point of sale.
Walmart announced the nationwide rollout of its mobile payments offering, extending support to more than 4,600 outlets across the country.
Walmart continued to expand its mobile wallet initiative over the last week, rolling out the service to stores in more than a dozen states.
Android Pay is the most popular proximity mobile payments system in the U.S., according to fresh data from Walker Sands Communications. But the high-tech space remains a very small sliver of the overall payments market.
The Merchant Customer Exchange (MCX) said it is ending its test of its CurrentC mobile payments product, and it's unclear what MCX's next steps will be. "We will be concluding our Beta on June 28, 2016. Please stay tuned for new information on CurrentC as our future plans evolve."
The Merchant Customer Exchange (MCX) said it has shelved plans for a nationwide rollout of its mobile payments offering and will focus on working with banks and others to help grow a market that has yet to get real legs.
Ericsson said it has established a strategic partnership with payment services provider Trriple to provide managed mobile wallet services for the banking and smart city sectors in the United Arab Emirates.
Verizon is the only major U.S. carrier that is not pre-loading Samsung Pay on new Galaxy S7 phones, Samsung said, confirming earlier reports that the nation's largest operator isn't actively supporting the mobile payments offering.
Samsung Pay has grown faster than Apple Pay since its U.S. launch in September, according to Bloomberg. But mobile payments are still a very long way from seeing mass-market traction.
Adyen's quarterly Mobile Payments Index for the fourth quarter of 2015 revealed that 34 per cent of global browser-based online transactions were conducted on a mobile device, up from 30 per cent in the third quarter of the year.