mobile payment

From fitness trackers and smart keys to chains, watches or wristbands – smart wearables of all kinds are increasingly including mobile payment functionality. Wearable manufacturers are thus challenged to equip even the smallest of devices with security and NFC technologies.

Google has rolled out Android Pay, its second effort in mobile payments, to rival Apple Pay. Android Pay works with all NFC-enabled Android devices running KitKat 4.4+ with any US carrier. Google Wallet now spins off into a separate app for peer-to-peer (P2P) payments.

A new report from Juniper Research has found that the number of consumers making contactless payments via their mobile handsets would reach 300 million globally by 2017, up from just over 110 million last year.

March 10, 2014 — SAP has revealed highlights from its surveys at Mobile World Congress of mobile commerce and communication service providers (CSPs). The first of these surveys shows Big Data-driven Customer Insight, and the second underlines the pace of change in telecoms.

Munich, Germany & Toronto, Canada – Giesecke & Devrient (G&D), a global provider of secure technologies, is serving as the Trusted Service Manager (TSM) for the Canadian Imperial Bank of Commerce (CIBC) in their offering of NFC credit card payment services to their customers.

An alliance of 14 retailers has been set up to create a ‘mobile wallet‘ on your phone that will better similar attempts by Google and mobile network operators. The Merchant Customer Exchange (MCX) comprises Wal-Mart, Shell, Target, 7-Eleven and other large retailers.

Taiwanese Cathay United Bank recently launched a trial for mobile payments and transit in Taipei. The project enables bank customers to use their mobile phones to make contactless payments at local stores and to access the Taipei public transit system.

29th February 2012, Mobile World Congress, Barcelona – Ericsson and Western Union announce strategic alliance.

Mobile World Congress, Barcelona, 27 February 2012 – Vodafone and Visa today announced a worldwide partnership to enable consumers to pay for goods and services using their mobile phones instead of coins and banknotes.

Smartphone can be used as Chip & PIN payment device.