Western Union is bringing global money transfers to the forefront by enabling WeChat application users in the United States to distribute funds to 200 countries and territories via the messaging service.
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Mobile ticketing for public transportation continues to gain steam, with New Orleans having recently launched a citywide program and Chicago dipping its toes in the water by letting commuter rail riders use tickets on their smartphones.
With no one company currently dominating person-to-person payments on mobile, Apple is reportedly hoping to extract the significant value that exists in this area for the right player.
McDonald’s in Japan is partnering with wireless carrier NTT Docomo, enabling customers who pay at most of the chain’s 3,000 locations nationwide using the iD mobile payment platform to receive discounts on their purchases.
As Visa continues to evangelize its mobile payment platform, Visa Checkout, the brand has seen strong support from connected moms, who can quickly take an offer viral.
Higher education is one of the latest sectors receiving a digital makeover, with some colleges opting to drive purchases on campus via Bluetooth-enabled, hands-free mobile payments that resonate with students well-versed in selfies.
American Express and rental marketplace Airbnb have joined forces for a technology integration that allows card holders to use rewards points to book accommodations and pay directly on Airbnb via Amex Express checkout.
Amazon is eyeing a bigger role in payments with its Pay With Amazon, a mobile payment platform that integrates natively with third-party applications and is a direct attack on Apple Pay.
Choice is the big news in mobile payments this week, with several announcements pointing to a future where consumers can choose which authentication method to use as well as whether to complete a purchase via their bank’s mobile wallet, Apple Pay or an Android wallet.
American Express is foraying into Canada and Australia with Apple Pay this year, and bringing the solution to more large markets in 2016, a reflection of the mobile payments boom with developers and financial services.