After several years of various mobile wallets trying to gain momentum, three factors — all are related to the switch most retailers made last October to accept chip cards (also called EMV) — are predicted to drive a big shift towards mobile wallets. Updates at retailers to accept EMV cards also often include compatibility for near field communication (NFC), the tap-to-pay technology used by many mobile wallets.
Target is reportedly looking to become a player in the mobile wallet game. The fourth largest retailer in the U.S. would be joining a market that’s quickly becoming pretty crowded. The next mobile payment solution on your smartphone very well could be Target Pay, though it can’t be confirmed at this time.
Australian banks including Westpac, ANZ and Macquarie have announced that they will soon accept contactless payments made via Android Pay — although would-be Apple Pay customers are still being left out in the cold.
The reason? Banks still aren’t happy with Apple’s terms for its mobile payments solution, and showing that they are willing to accept Android Pay is a way of forcing a better deal with Apple.
Android Pay, the newest kid on the block in mobile phone payments, has found a way to get people using their smartphones to pay for goods and services: loyalty reward systems.
Like similar retail, grocery and airline programs, Android Pay will soon include points for specific purchases to encourage us all to use our smartphones more and more to pay for the stuff we already buy.
Coke is the first program up, according to Google exec Sridhar Ramaswamy, with points to earn each time you use Android Pay to buy a Coke through any one of some 20,000 NFC-enabled Coca-Cola vending machines. You’ll get points that will let you get free Coke, Coca-Cola gets to know where and when people are buying its products and Google gets people to use Android Pay. It’s win-win-win.
Android Pay has begun rolling out to users with support at more than 1 million locations throughout the U.S.
The Apple Pay competitor, which was first unveiled at Google I/O back in May, is available on NFC-equipped smartphones running Android 4.4 KitKat and above, and it’s compatible with a whole host of banks and credit card providers.
Samsung’s new phablets aren’t the only thing we got out of its Unpacked event in New York City today; the South Korean company also announced a launch date for its new mobile payments service. Samsung Pay will be coming to take on Apple Pay in the U.S. on September 28.
Google will finally launch Android Pay, its brand new mobile payments service, alongside a refreshed Nexus 5 from LG in October, a new report claims. The Apple Pay competitor will take advantage of Android M’s native support for fingerprint scanners.