There’s one particular country that’s been creating a lot of attention in the mobile payments ecosystem in the past week. Singapore. It’s a country with an estimated population of just 5.47 million, a GDP per capita of $56,284, an unemployment rate of 3 percent and...
Samsung Electronics Singapore announced on Monday (May 30) that it has entered into a partnership with Citibank Singapore Limited in preparation for its mobile payment service’s upcoming launch in the country. When Samsung Pay is made available in Singapore, Citibank will enable its cardholders to...
While big banks rush to play catch up on the mobile payments side, it appears for now that Bank of America isn’t quite ready to push forward its own digital wallet. Instead, based on a recent interview, Bank of America is after creating a larger digital...
Apple Pay is currently available in six countries — and only has limited reach in some of its markets. So what’s next? According to an interview TechCrunch did with Jennifer Bailey, VP of Apple Pay, “[Apple is] working rapidly in Asia and also in Europe, our...
When looking for evidence as to why in-store mobile payments haven’t taken off (a hot topic in Karen Webster’s column this week), there are a number of factors to consider but only one real guiding principle: certainty. Consumers need to know that they can use...
Wells Fargo has officially joined the mobile wallet landscape. The bank announced the launch of its Wells Fargo Wallet on Tuesday (May 24), noting that the new function will be incorporated directly within its existing mobile app for Android. By later this summer, Wells Fargo...
Compared to the U.S. mobile payments market, China is light years ahead, particularly when it comes to getting consumers on board with actually using mobile payments. That’s something the U.S. market hasn’t quite found the recipe for. Now, however, it appears the battle between China’s...
Starbucks and Dunkin’ have cracked it. Walmart Pay seems to have all of the ingredients to do it, too. Facebook and Messenger could but haven’t yet. Android Pay has acknowledged that it’s critical to its success and its latest announcements suggest they are working on...
In a mobile payments environment that is frequently likened to a war, an era of peace and good feeling has broken out between two of the competitors. Samsung has announced a final deal that will make China’s most popular mobile payments platform — the Alibaba-backed...
