The initial impact of digital finance and mobile payments in China is difficult to over-exaggerate, says Zennon Kapron, founder and director of Asian financial services and research firm Kapronasia. The launch of services such as Alipay and WeChat Pay brought with them a dramatic change in the way the average Chinese consumer spends — especially when one considers how cash-focused the country has been historically, he explains in this paper.
In this edition of The Mobile Wallet Report we examine Isis v MCX — The battle begins for the US mobile payments market; Burger King to roll out mobile payments and rewards across the US, prepares to go global; Biometric payments get thumbs up from French shoppers; and more…
This edition of The Mobile Wallet Report looks at how China’s central bank put the brakes on local internet giants’ mobile payment plans, and why Denmark’s carriers think that mobile payments are a business for telcos, not banks.
In this edition of The Mobile Wallet Report PowaTag CEO Dan Wagner explains his ambitious plans for Bluetooth beacons, we look at US Bank’s mobile shopping platform, and Westpac tells us how it aims to offer the best digital banking experience in the world.
Activist investor Carl Icahn says PayPal should be split off from eBay as a separate business, MasterCard explains its plans for remittances, and Swedbank is to close its QR code payments service.
French supermarket chain E.Leclerc begins a national mobile payment rollout, InMarket puts Bluetooth beacons into 150 US grocery stores, with thousands more expected by end of year, and the first products with Fido Alliance password replacement features are demonstrated at CES in Las Vegas.
Borica Bankservice’s Bogdan Stavrev explains how Bulgaria’s new Mobb national mobile payments platform works, a national mobile payments service to launch in Colombia this year, and BNP Paribas Fortis’s Gunter Uytterhoeven explains how the new Belgian Mobile Wallet platform has been designed to meet merchants’ needs.
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