Category Archives:
mobile payments

Watch once again expected to impact mobile payments

Industry comment from Powa’s Wagner

Ahead of the Apple Watch’s global launch on Friday April 25th [2015], another industry observer has sent GoMo News his comments on how the Apple Watch will make waves in mobile payment. (See ‘Watch to increase Apple Pay’s popularity‘). E-commerce and mobile expert Dan Wagner, CEO of Powa Technologies, believes that The launch of  the Apple Watch marks the first time consumers will have access to a product that combines two of the fastest growing technologies in recent years: – wearable technology and mobile payments. Another noted analyst, Ming-Chi Kuo, has estimated that pre-order numbers are around 2.3 million units with Apple expected to ship between 15 and 20 million Apple Watches in 2015. Continue reading

skewered approach - Dr KF Lai Banks fail to promote their services via mobile

They’re using TV instead says BuzzCity

According to mobile advertising network, BuzzCity, the Banks are failing to communicate on the very devices they are offering their services on. Only 16 per cent of marketing spend for mobile banking was placed on mobile advertising, a decrease of 10 per cent from 2013 and less is spent on radio and newspaper – 9 per cent respectively. By contrast, TV cited as the most used medium for promotions with 42 per cent. Those figures are taken from to BuzzCity’s latest report which is available for free downloading from here. It also reveals a 60 per cent increase in people using their mobile devices to bank online. Continue reading

Buzzcity-banking Mobile banking booms but customers still unaware of its possibilities

Banks evolving their mobile strategies, but communications with customers are outmoded says BuzzCity

Press release

April 15th 2015. Ongoing global research from BuzzCity reveals that mobile banking continues to increase, but a skewed approach to communications means banking customers are confused as to the range of features and services available to them. And although nearly all banks now offer mobile banking services, marketing efforts to communicate to their customers remain traditional, with TV cited as the most used medium for promotions (42 per cent). Continue reading

apple will have its work cut out - zoller Watch to increase Apple Pay’s popularity

Industry reaction to Apple’s wearable technology release

Much as GoMo News had anticipated, Apple’s announcement of its Watch range of wearable devices has focused on how it should help increase the popularity of its Apple Pay mobile payment service – even though at presence the system is currently restricted to the USA only. As Apple itself said – the Apple Watch can be used to pay for coffee via Apple Pay. Jon Worley, CEO for marketing with Proxama urges that retailers and brands should take note of the opportunities that Apple Watch will offer them.” If anyone can create a buzz around a new product then it is Apple but when it comes to smart watches it will have its work cut out,” Eden Zoller, principal analyst for consumer services and payments at Ovum, warns. Continue reading

Adyen Mobile Payments Index reveals 26% of global online transactions now over mobile

Latest figures from Adyen

Press release

January 28th 2015. Adyen, the global payments technology company, has published its quarterly Mobile Payments Index, which tracks mobile payment data from web-based transactions across Adyen’s customer base. As the world shifts to mobile, the latest Index reveals a surge in mobile payment share of online transactions, marking the first time mobile payments have accounted for more than a quarter of global online payments since Adyen started publishing the Mobile Payments Index in June 2013. Continue reading

UK banks set for NFC cave-in thanks to Apple

Talking big bucks puts NFC on map

How ironic that a company which held out against the industry-wide enthusiasm for NFC – Apple, has now sown the seeds for British banks to finally cave in. These are the same banks which refused GoMo News a contactless card because of insufficient funds going through the account. But if you own an iPhone 6, apparently, the banks are now going to be fighting for your custom. Apple’s influence can be seen from the terminology now being used. Today it is ‘wave and pay’ whereas for years, the correct expression was contactless payments. Continue reading

gauging consumer perceptions - pirc Lab42 Survey reveals perceptions of Apple Pay & mobile payments

45% of non-iPhone owners would switch to an Apple iPhone for access to Apple Pay

Press release

October 20th 2014. According to a study of 500 smartphone owners released today by market research firm Lab42, 45 per cent of consumers with non-iOS devices (Android, Blackberry or Windows smartphones) would be willing to switch to an iOS device in order to have access to Apple Pay. Respondents cited the top four benefits of Apple Pay as: – 1) security, 2) not worrying about losing credit or debit cards, 3) not having to carry physical cards in wallet, and 4) simple setup. Fifty-four per cent of all respondents would consider using Apple Pay, while the remaining 46 per cent were split evenly between those who would not consider using it (23 per cent) and those who are still unsure (23 per cent). Continue reading

Biggest winner from the latest Apple hype is NFC

And consequently the NFC Bootcamp in New York, New York winds too

Here at GoMo Towers we’re not quite sure why Apple held out against NFC [Near Field Communication] for so long but its decision to include the technology inside the iPhone 6 will have plenty of beneficiaries. We looked around for the most obvious winner from Apple Pay and decided it must be the guys behind the NFC Bootcamp to be held in New York, New York [USA]. The NFC Bootcamp covers the latest technology, innovations and trends affecting both businesses and consumers including Apple Pay. And the best bit is that it is only a week away. Continue reading

Watch out for NFC in Apple’s product announcements

Finally to do a U-turn about a technology it didn’t invent

Until today, Cupertino-based Apple has been pretty vocal in its dismissal of NFC [Near Field Communication] as a key technology in the mobile space. GoMo News has always maintained that Apple was instead keen on pumping up its AirDrop (Wi-fi based) technology instead. Comments by Apple’s Phil Schiller have always been taken to mean that the company has on intention of incorporating it. But the rumour mill insists NFC will be inside the iPhone 6 and maybe even an iWatch. According to Ovum, Apple might complete a full U-turn and make the NFC sector its own! Continue reading

continuing to bring innovation - markin Top Connect is continuing its drive to build customerbase in USA

Show time in Las Vegas from brains behind TravelSim

The leader player in the mobile roaming niche market, Top Connect is continuing its drive to build its customerbase in USA. The brains the TravelSim product is planning to showcase its offering by targeting US mobile virtual network operators [MVNOs] as potential US distributors. Hence the company has announced that it will exhibiting its world leading ‘call back’ product at The PrePaid Press Expo show. This event is being held in Las Vegas, USA on 18th-20th August [2014]. Continue reading

leap forward for mobile payments - howe Blackhawk helps Barclays add e-gifting to Pingit

Should help brands via increased customer data capture

It’s a logical progression, really. If you have a fully operational mobile payments service why not add a digital gift card service to it. That’s exactly what has happened with leading UK bank, Barclays, which has entered a partnership with Blackhawk Network to offer what it calls an eGift service. It works in conjunction with Barclays’ Pingit mobile banking service which is open to both Barclays and non-Barclays customers. BlackHawk has enabled Barclays to tap into a range of eGifts from entertainment, dining, gaming, fashion, health & beauty and leisure brands. The launch on Android and iOS devices is scheduled for later in August [2014]. Continue reading

jon_banks2 Guest Post: Cutting hidden costs with validated P2PE

by Jon Banks, business development director with the The Logic Group

After some challenging times for retailers, the UK economy is looking like it may have finally turned the corner. Official figures show that recent growth has taken us past the pre-recession peak. While no-one would claim this is anything but good news, for many businesses, the UK is not quite out of the woods yet. Which is further emphasised when you read the stats that say economic growth is at its weakest rate in three years. Continue reading

lukies IBM & Monitise help financial institutions capitalise on commerce

Global strategic alliance will enable clients to deploy new mobile banking, payments and commerce solutions via the cloud to better engage customers

Press release

July 21st 2014. IBM (NYSE: IBM) and Monitise (LSE: MONI) have announced an expanded, multi-year global alliance to deliver cloud-based mobile commerce solutions to help financial services institutions embrace the mobile channel and better engage with customers. As part of this news, the expansion of the alliance will bring together the IBM MobileFirst portfolio of offerings as well as IBM’s financial services and retail industry expertise with Monitise’s mobile banking and payments capabilities, spearheaded globally as an IBM Global Business Services’ initiative. Continue reading

matt_banham Omlis acquires massive techie Banham as new CTO

Aims to be global provider of hacker free mobile payments

The arrival of Matt Banham at global mobile payments solutions provider, Omlis, has been heralded as the dawn of a new day for the business. He’s been appointed as the company’s Chief Technology Officer (CTO) and really does have an impressive technical background. For example, he was instrumental in developing the world’s first operational, real-time, predictive air traffic control system. The appointment follows a number of recently announced strategic partnerships such as one in Latin America with ISN Technologies which facilitates transactions for some of Chile’s largest organisations. The UK based company claims to be a leading provider of hacker and fraud free mobile payment solutions and has the IP for its proprietary technologies to back them up. Continue reading

smartwatches are desirable not must-have - wagner Powa Technologies acquires MPayMe to expand global footprint and break into new markets

Move will see integration of ZNAP with acclaimed new mobile commerce service PowaTag, enabling new features ranging from utility bill payments to rewards schemes

Press release

June 12th 2014. International commerce specialist, Powa Technologies Group, has announced the acquisition of Hong Kong-based mobile expert MPayMe in a move that will vastly increase its global reach and provide a world-leading payment solution for the retail, telecoms and utility industries. The merger between the two privately held companies will see Powa Technologies and MPayMe operate as a single global entity under the Powa brand to bring in a new class of universal mobile payment that will reach millions of customers and merchants across Europe, Asia and the USA. Continue reading