Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Source: investopedia.com

PayPal to Cut Workforce by 9%
PayPal to Cut Workforce by 9%
January 30, 2024  |  Digital Payments

PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and...

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EU Invites Comments on Solutions to Apple Pay Competition Issues
EU Invites Comments on Solutions to Apple Pay Competition Issues
January 19, 2024  |  ANTITRUST

The European Commission (EC) has invited comments on the commitments offered by Apple to address competition concerns related to access restrictions for contactless payments on...

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Boku Promotes Barclaycard Vet Stuart Neal to CEO
Boku Promotes Barclaycard Vet Stuart Neal to CEO
January 18, 2024  |  Personnel

Boku promoted longtime executive Stuart Neal to head of the mobile payments company. Neal has been serving as Boku’s CEO designate since July of last...

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Google Aims to Take UPI Payments Beyond India’s Borders
Google Aims to Take UPI Payments Beyond India’s Borders
January 17, 2024  |  Google

Google Pay is working to expand India’s popular mobile payment system beyond that country’s borders. The tech giant has signed an agreement with the National...

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Revolut Partners With Tech Firm Jabil to Scale Development of Mobile POS
Revolut Partners With Tech Firm Jabil to Scale Development of Mobile POS
January 15, 2024  |  Partnerships

Technology firm Jabil is helping Revolut scale the production of its mobile point-of-sale system. Revolut debuted its Revolut Reader in 2022, letting merchants accept in-store...

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Commerzbank and Global Payments Team to Help German Small Businesses
Commerzbank and Global Payments Team to Help German Small Businesses
January 11, 2024  |  Partnerships

Commerzbank and Global Payments teamed to offer digital payment solutions to German small- to medium-sized businesses (SMBs). The companies have joined to form Commerz Globalpay...

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X to Add Peer-to-Peer Payments in 2024, Aims to Be ‘Everything App’
X to Add Peer-to-Peer Payments in 2024, Aims to Be ‘Everything App’
January 09, 2024  |  Mobile Applications

X, the social media platform formerly known as Twitter, plans to launch peer-to-peer payments this year.  Doing so will add more user utility to the...

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1 in 5 Consumers Pay Auto Loans With Mobile Wallets
1 in 5 Consumers Pay Auto Loans With Mobile Wallets
January 04, 2024  |  Mobile Wallets

Mobile wallets have gained immense popularity among consumers, not only for making in-store purchases but also for their ability to manage finances and store sensitive...

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Apple Payment Services Restored After Short Outage
Apple Payment Services Restored After Short Outage
December 20, 2023  |  Apple

A number of Apple’s payment features were down for part of Wednesday (Dec. 20) morning. The company’s Card, Cash, Pay and Wallet systems were down between 6:15 a.m. and...

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