Tag Archive | payments

How Biometrics will Advance Mobile Payment Security

How Biometrics will Advance Mobile Payment Security

With password-based personal identity solutions becoming increasingly impractical, device vendors and mobile network service providers have begun implementing an alternative second factor — using a fingerprint, iris, facial feature or vein pattern to establish an individual’s identity.

via Digital Lifescapes

Mobile Merchant Transaction Growth in Emerging Markets

Mobile Merchant Transaction Growth in Emerging Markets

Numerous telecom service providers have expanded and tailored their services to offer the world’s poorest populations access to more sophisticated products  — such as personal savings and loans. Worldwide a large number of people who remain ‘unbanked’ are without a bank account or credit history.

via Digital Lifescapes

Worldwide Contactless Payments will Exceed $1 Trillion

Worldwide Contactless Payments will Exceed $1 Trillion

According to the Juniper assessment, the mobile contactless payments market will be driven by Apple Pay, Samsung Pay, Google Pay and other OEM Pay wallets. Combined, these OEM Pay wallets users will reach 450 million by 2020, with Apple accounting for 1 in 2 OEM Pay users globally.

via Digital Lifescapes

How NFC is Penetrating Retail Point-of-Sale Apps

How NFC is Penetrating Retail Point-of-Sale Apps

According to the latest worldwide market study by Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2017 with annual shipments reaching an estimated 24.7 million units worldwide.

via Digital Lifescapes

Digital Payments: Government Fintech Solutions in Action

Digital Payments: Government Fintech Solutions in Action

The digitization of payments is a necessary stepping stone in hauling anti-corruption systems into the 21st century. By leveraging payment data and advanced analytics, governments could save up to $1 trillion worldwide.

via World Economic Forum

Alternative Online Payment Technology Gains Momentum

Alternative Online Payment Technology Gains Momentum

The value of spending on remote payments for digital and physical goods will surpass $3.3 trillion this year — that’s up 10 percent on the 2017 total of $3 trillion, according to the latest worldwide market study by Juniper Research.

via Digital Lifescapes

U.S. Proximity Mobile Payments will Reach $49.29 Billion

mobile payments market research

eMarketer estimates the value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017 — that’s up 78.1% from last year. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9% in 2021.

Source: eMarketer