mobile payment September 24

GOOG: 625.80

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Samsung has announced that its mobile wallet service Samsung Pay has been used for more than $30M worth of transactions in its first month in the company’s home market of Korea. The company says that the number “has been beyond our expectations.”

Samsung devices are hugely popular within Korea, and the WSJ notes that the “launch was boosted by a massive advertising campaign,” so this doesn’t necessarily suggest that it will see achieve similar take-up in the U.S. when it launches on Monday – especially given the limited number of Samsung devices that support it …  expand full story

mobile payment August 26

GOOG: 628.62

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Update: Google has posted a vague tweet to its Android account on Twitter, presumably in response to these reports. It simply says to “stay tuned” and ends with a #soon hashtag. Hard to draw many assumptions.

Android Pay will not go live today despite signals of otherwise from major fast-food chain Subway, and a purported leaked staff memo from McDonald’s, TechCrunch is now reporting.

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mobile payment December 16, 2014

Samsung is planning to launch its own mobile payment service next year, in competition to both Google Wallet and Apple Pay, reports Re/code. It suggests that the company is in talks with LoopPay, a startup which describes itself as “the most accepted mobile wallet on the planet.”

The technology would allow people with certain Samsung phones to pay in the vast majority of brick and mortar stores by waving their phones instead of swiping with a credit card or cash […]

The talks between Samsung and LoopPay come as the idea of paying for goods in stores using a phone was rekindled in the U.S. thanks to the launch of Apple Pay.

The plan would allow Samsung’s mobile payment service to work with all cards and all payment terminals right out of the box …
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mobile payment November 5, 2014

Android users might have raised an eyebrow at the media attention given to Apple Pay, given that the Google Wallet service has been available since 2011. However, it now appears that Google may be benefiting from Apple raising the profile of mobile payment: sources cited by arsTechnica report that Google Wallet service has seen the number of users almost double, with a 50% increase in weekly transactions during the past couple of months …

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mobile payment September 17, 2014

The Starbucks app on Android has always been on the forefront of mobile payment and technology features, and this evening, the app has received an update making it even more useful for customers. Bumping the app to version 2.7, the update today adds a handful of new features, including the ability to pay tips digitally and shake your phone to pay.

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