September 21, 2015
The growth of mobile phone users, mobile and smartphone penetration coupled with decreasing prices of handsets has made this channel the number one focus area for every organization. The convenience that a mobile provides in terms of payments is one of the major interest areas that any commerce/transaction application is looking to build up.
Let us take a look at the major updates from the key players in this space.
1. Contactless payment system Apple Pay has taken one step closer towards its plan to enter company’s second-largest market, China, by registering an entity in the Shanghai free-trade zone to operate Apple Pay in China, reports WSJ. The new entity has a registered capital of $13.4 million.
Apple introduced Apple Pay on October 20, 2014. After almost one year, today Apple pay is one of the most successful in-store payments systems in the world.
The Apple’s entity is called Apple Technology Service (Sha ...