Is mobile payment going too far when cash has become unacceptable?
When mobile payment with smartphones has become the means of choice at retail outlets, the central bank of China needed to remind businesses they should not reject cash payment.
When mobile payment with smartphones has become the means of choice at retail outlets, the central bank of China needed to remind businesses they should not reject cash payment.
A new study has revealed how online commerce will grow as a result of consumers taking to mobile platforms for digital shopping.
Google has stoked the fire burning underneath the mobile payments industry by announcing its acquisition of “some exciting technology and intellectual property from Softcard to make Google Wallet better.” The payment software will come pre-installed as standard on Android phones running KitKat or higher with three of the big four carriers across the USA, AT&T, T-Mobile and Verizon.
Chinese e-Commerce behemoth Alibaba is reported to be building its own mobile operating system for launch in the third quarter of this year. The OS is likely to be cloud-based – the group has had a dedicated “Alibaba Cloud Computing” unit since 2009, which is now reported to be working on the project.
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