News stories did not say whether WeChat Pay will be integrated with Walmart’s QR-code based payment app Walmart Pay. Walmart Pay is one of the fastest growing payment solutions in the United States.Read more
Money Tap will use a QR (quick read) code to communicate with cash registers and automatic teller machines (ATMs), PYMNTs.com reported. Theoretically, Money Tap would allow individuals to make brick and mortar purchases with Ripple; move Ripple funds into bank accounts, convert Ripple funds into cash and withdraw it from ATMs or cash registers, and make cash deposits through ATMs that can be converted into Ripple.Read more
Old-fashioned predatory lending might be one of the biggest threats to cutting-edge digital payment platforms. Ant Financial learned that lessonRead more
Nor are mobile wallets such as PayPal, Apple Pay, Walmart Pay, Android Pay, Samsung Pay, and Alipay, automatically a threat to Visa’s business.
Only 16% of Americans said they had used a mobile wallet in 2015, a JPMorgan Chase survey indicates. The same survey found that only 56% of large businesses and 25% of small businesses were accepting payments from such mobile wallets.Read more
Around 6% of 58,000 customers surveyed by Forester Research said they used Walmart Pay, Bloomberg Technology reported. About 7% of the same group said they had used Apple Pay in the past three months. That means the adoption rate of the two apps is about the same.
The number of active Walmart Pay users will surpass the number of Apple Pay users sometime next year, Richard Crone; the CEO of Crone Consulting told Bloomberg Technology on 7 November. Walmart Senior Vice President for Services and Digital Acceleration Daniel Eckert thinks his company’s victory in the payment wars will come sooner than that.Read more
Alipay has a secret weapon in its’ American invasion, Chinese visitors to the United States 400 million of whom use Alipay back home.Read more
Like Apple Pay, Android Pay still has not cracked the hardest barrier of all big U.S. retailers.
Almost no major U.S. retail brands appear in the Where to Use Android Pay page at the app’s website. Such behemoths as Walmart, Amazon, Kroger, Home Depot, Lowes, CVS, Burger King, Safeway, and Target are conspicuously absent from the list. The same sorry situation is repeated at Apple Pay, where almost all the big names in U.S. retail are conspicuously absent.Read more
It is possible for hackers to steal the Apple Pay “payment token” using public Wi-Fi or a fake Wi-Fi hotspot that asks users to create a profile. In other they can crack Apple Pay by using a time tested hacking tactic called Wardriving.Read more
Chase Pay will be integrated with both PayPal’s digital wallet and the Braintree merchant platform, TechCrunch reported. That means Chase Pay users might be able to use the app to pay at merchants will Braintree accounts.Read more
Tim Cook is hiding some important data about Apple Pay, for example he did not say how many users the digital wallet actually has. Cook’s omission of that important detail was deliberate; because it would show small Apple Pay’s footprint really is.Read more