Scalper1 News
The number of consumers using mobile phones to make payments on the go is expected to reach 148 million worldwide this year, up 64% from 90 million in 2015, U.K.-based research firm Juniper Research said Tuesday. Apple ( AAPL ) and Samsung will account for nearly 70% of new customers for contactless payments this year, Juniper said. Apple Pay and Samsung Pay have been heavily promoted by their respective companies. When Apple Pay arrived in China in mid-February, nearly 40 million payment cards were registered to the service in the first 24 hours. In the U.S., nearly 1 in 5 point-of-sale terminals now supports contactless payments, creating the infrastructure for broader adoption, Juniper said. Contactless-payment systems use near-field communications technology. With NFC, a user simply holds their smartphone near the payment terminal to complete the secure wireless transaction. Apple Pay and Samsung Pay compete with other service providers, including Alphabet ‘s ( GOOGL ) Android Pay and PayPal ( PYPL ). Scalper1 News
Scalper1 News