Walmart, Target and other retailers are reportedly collaborating on their own mobile payments system that would compete with Google Wallet and Isis.
Articles Tagged ‘ABI Research’
There has been a flurry of news related to mobile payments of late but two very important stakeholders have been mostly absent from the announcement: retailers and handset manufacturers.
Total mobile app revenues from pay-per-download, in-app purchase, subscriptions, and in-app advertising will soar over the next five years, growing from $8.5 billion in 2011 to $46 billion in 2016, according to a new report from ABI Research.
Following a flurry of announcements around NFC-enabled mobile payments last year from Google and Isis, there has been very little news on the NFC front so far this year while cloud-based payments such as is offered by PayPal appear to be picking up some steam.
In its latest financial results released this week, Amazon revealed that the number of customers for the Amazon Appstore nearly tripled in the fourth quarter compared to the third quarter.
With price comparison shopping increasingly popular these days, Target wants to discourage its customers from engaging in this activity by asking vendors to support in-store purchases with exclusive merchandise and better prices.
Groupon partners with Deutsche Telekom in a bet that mobile will play a key role in helping it continue to grow.
Walmart has acquired mobile app developer Small Society in a move that signals both the growing importance of mobile applications in the retail space and retailers’ desire to control as much of the mobile experience as possible.
PayPal is testing an NFC mobile payments application at two stores in Sweden while it continues to look at other ways to provide access to its payments services.
Mobile deals will play an important role for PayPal next year as it continues to build a multifaceted retail technology solution to help retailers address the pain points in their businesses.