Merchants are having a bigger impact on shoppers’ payments behaviors and encouraging the transition to mobile compared to universal wallets such as Apple Pay, according to a new report from Mercator Advisory Group.
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WeChat is positioning itself as a significant competitor in mobile payments via a partnership with point-of-sale system provider Givex that enables customers of merchants such as Wendy’s and Fairmont Hotels to pay in store by scanning a QR code appearing in the application.
Mobile payments continued to reach for new heights this past quarter, with strong initiatives in contactless payment options, mobile Web purchasing and wearable commerce promising to attract new users.
Apple is reportedly planning to bring Apple Pay to the mobile Web before the year is out, a move that could reduce mcommerce friction and threaten PayPal’s dominant role.
As Android Pay journeys across the pond to British consumers’ smartphones, competitors such as Apple Pay and Samsung Pay will be forced to get creative in their efforts to entice users by providing utility, including rewards, offers and order-ahead options.
Expedia and Overstock.com are the latest to adopt Apple Pay into their commerce applications, reflecting retailers’ enthusiasm for online payments even as many steer clear of in-store mobile opportunities.
Casual dining chain Not Your Average Joe’s is enabling customers to reorder items on their bills, split checks evenly among themselves and tip their servers via its new mobile application, showcasing the different digital options restaurateurs must provide their clientele.
MasterCard is once again trialling its latest payment innovations at the Arnold Palmer Invitational, where this year’s attendees can experiment with a connected payments glove and experience virtual reality commerce.
Amazon joins a growing list of companies, including MasterCard and Alibaba, betting on facial recognition to appeal to young consumers and address security concerns for mobile payments, but whether the popularity of selfies can translate into commerce has yet to be proven.
Pizza Hut, Virgin America and Fandango are leveraging Visa Checkout’s new spin on mobile payment checkout buttons that allows shoppers to make a purchase by swiping, reflecting growing interest in swipeable commerce.