In recent years, mobile payment has become a key method of online shopping and other forms of eCommerce. With more members of Generation Z, who grew up in a world where smartphones were not an innovation, but a reality, this segment of the financial space is expected to grow tremendously in coming years.
The Japanese banking giant plans on rolling out the “S Coin” in an attempt to dominate the mobile payments sector. This new project fits the overall vision of the company to ultimately help Japan turn cashless.
Having ambitious plans to replace PayPal, Lydia has already become a mobile payment leader in France and is not going to stop.
Google is bringing together some of its payment services under a new brand called Google Pay. The service will simplify online payments and accelerate access to users’ payment information.
Apple enters a market with the peer-to-peer payment system Apple Pay Cash that can become a killer of similar services due to its’ simplicity.
Startup Circle opens source project CENTRE that is based on blockchain technology and will be aimed to connect different digital wallets.
Currently, LG Pay is restricted to the LG G6 and LG G6 Plus in South Korea but hopes to enter the international market soon.
The mobile payment platform will become available in Canada by the end of the month, following the launch of the service in Russia this week.
The new payment platform, which is set to be launched across France later this week, will allow users to make purchases using their mobile phones.
Ant Financial, the operator of Alipay, is expanding its mobile payments platform into the United States market, following limited trials in California and New York.