January 11, 2016
The use of contactless payments is expected to reach 200 million by the end of 2016. A new study by Juniper Research reveals that historically, the growth of mobile wallet usage emerged due to the rise of P2P (person-to-person) services for the unbanked in developing markets.
In this article, we have a look at the geographical expansion of the top three mobile wallets with the help of an infographic.
Apple introduced Apple Pay in the US on October 20, 2014. After almost a year, Apple pay is one of the successful in-store payments systems in the world today. Initially, there was a jitter among users and banks regarding contactless payments and security, but today, no one can shy away from the fact that Apple has done an exceptional job and has made contactless payments mainstream in the US.
Apple Pay works with many of the major credit and debit cards, including store-issued cards, from the top UK and US banks and stores. In Canada and Australia, Apple Pay works with credit and charge cards issued by ...