Digital Wallets Having Some Problems Catching On, Despite Proliferation As we move forward in the 21st century, one thing that may fundamentally change is the way we pay for things. Credit cards have been trying to replace the way we engage in transactions for decades, but they might soon be usurped by the digital wallet.
5/14/2012
Mobile Banking Widely Adopted in India, Ghana and Nigeria On Device Research recently released a report looking at the mobile finance activities of mobile Internet users in emerging markets, and found that 53 percent of mobile Internet users in India, Kenya, Indonesia, Ghana and Nigeria have engaged in mobile banking and payment activities.
However, according to DNA, less than one percent of mobile phone users in India actually use their mobile devices for conducting banking transactions despite the technology being widely available.
5/14/2012
DeviceFidelity to Present White Label Mobile Wallet Platform In today's scenario, financial and technical institutions pose an increased need to adopt different technology. FinovateSpring 2012 was one of such events where 64 companies showcased their latest and greatest financial technology. DeviceFidelity, the world leader in contactless plug and play technologies, also exhibited its innovation. DeviceFidelity's novel consumer centric approach, which was highlighted at the event, demonstrated the capability to easily deploy mobile contactless solutions on their current mobile device.
5/11/2012
MasterCard Debuts PayPass Wallet Services Helping customers and sellers conduct online transactions easily and securely, MasterCard has unveiled a new global offering for banks, merchants and partners named PayPass Wallet Services. According to the company, customers can now make purchases in stores or online in a secure and easy way.
5/9/2012
Online Mobile Banking yet to Take off Big, Says Infosys Survey An online survey among 1,000 online banking smartphone users, revealed the trends of mobile banking in the U.S. and the challenges it still faces.
5/9/2012