JPMorgan Chase has agreed to acquire the mobile payments technology from the Merchant Customer Exchange and absorb those resources into Chase Pay, cementing that MCX’s mobile payment program is no more.
Articles Tagged ‘mobile pay’
McDonald’s is centering its long-term global growth plan on the new capabilities afforded by digital, with mobile pay and mobile ordering being a central part of this new strategy.
Mastercard is expanding the coverage of one of its more innovative mobile payment features with the addition of six new markets to Masterpass’ order ahead feature.
Thirty-two percent of the 33 million customers who use Amazon Payments do so through a mobile device, according to some numbers provided by Amazon.
Mobile payments volume in the US is expected to total $112 billion in 2016 and grow at 20 percent compound annual growth rate until it reaches $282 billion by 2021, according to a report from Forrester.
Starbucks saw a sizable jump in mobile transactions in the first quarter of this financial year, with mobile orders jumping from three percent to seven percent of all transactions.
Financial institutions Mastercard and Visa have banded together to make mobile and digital payments safer on either of their mobile pay platforms in an effort for wide spread adoption.
As mobile payments reach critical mass, Citibank is joining the onslaught of providers with its standalone digital wallet as a part of its quest to provide consumers with a wide array of options of interest.
Kohl’s, which was one of the first major retailers to accept Apple Pay, is now jockeying for a spot in consumers’ digital wallets with its own in-house mobile payment option, called Kohl’s Pay.
Walmart will soon launch its mobile payments service in Georgia, Alabama, Louisiana and Mississippi and all locations by the end of summer after seeing positive results from Walmart Pay, with more than 80 percent of transactions coming from repeat users.