Following the recent launches of both Samsung and Android Pay in the US, mobile payments are quickly gaining traction. But to ensure a new payment method remains popular with consumers, it is important to understand why and where they would use it.
For example, nearly half of US consumers who use mobile payments say they use it for quick-checkout, clearly showing that speed is a very important factor in a payment method.
Applications are the most popular purchases on mobile devices with 22 per cent downloading them.
This handy infographic from Application Developers Alliance breaks down the rest of the data about mobile payments.
As the countdown to Christmas begins, Jim Wadsworth, managing director at Accura, pinpoints five ways businesses can prevent fraud and avoid targeted risks.
Payment terminals have stayed the same over the last 10 years, with steady advances in contactless and mobile wallet transactions. Retailers and brands are making a conscious effort to get closer to consumers.
Insurers went online a long time ago, but one of the major challenges has been creating an online experience that can handle the relatively complex insurance “form-filling” process. Jonathan Attwood, CEO of Fospha, explains how his company's toolset can help insurers more accurately track their customers' behaviour.
In this guest post, Lee Britton, commercial director of Prepaid Financial Services, contrasts the fortunes of fintech startups that choose to scale with the backing of major banks with those that opt to go it alone.