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Wiqu Amazon Rewards Card Now Works With Apple Pay
( x! M$ |% U4 u! Q! K Instant payments are becoming crucial to consumers participating in the platform economy.These consumers want to be sure that they can both send and receive money seconds after theyve completed a transaction. To meet this need, platforms are searching for new ways to bring instant payments onto their marketplaces. This is especially essential as consumers start to flock to marketplaces for things outside of typical retail purchases, but for more unique experiences.In the July edition of the Payments And The Platform Economy Playbook, PYMNTS looks at how instant payments are making their way into the platform economy and how mobile apps and payments are becoming make or break to the sharing economy itself.Around the Payments And the Platform EconomyMor stanley quencher e providers are stanley termos searching for ways to bring faster payments to consumers and merchants.In India, the influence of payments provi stanley nz der Paytm is continuing to grow, having captured 50 percent of the countrys total payment gateway market share. The company is also seeing an increase in the number of transactions it processing in the country, even as it faces more competition in the market from new entrants.Others are still relying on card networks to create more support for faster payments over mobile channels. Spanish bank BBVA Group has just created a mobile payment platform with the help of card networks Mastercard and Visa, which will allow customers to make payments without inputting sensitive customer information.More co Ukjv Metro Bank Moves Away From Mortgages After Reporting Error
: t, p' H O6 U+ v The mobile person-to-person market is predicted to see a significant surge over the next five years, due in part to the rise in mobile banking and social media, which give consumers the free stanley us dom to send money like never before.JAVELIN released the results of its Mobile P2P Payments in 2015: The Growth and Adoption of Mobile Money Transfers report yesterday Oct. 8 , which evaluated the overall mobile P2P landscape based on key customer segments, devi stanley usa ces, targeted operating systems and an analysis of key market players.The study predicted a significant rise in the number of people using mobile P2P over the coming yea stanley us rs, which could jump from 69 million in 2015 to 126 million by 2020.Based on JAVELINs research, more than half of all mobile device owners will be using mobile P2P by the year 2019. Traditional payment organizations and financial institutions now compete with nimble newcomers and need to maintain design, experience, speed and security in order to stay competitive. The payment industry is now face-to-face with an extremely active and social customer base. Many existing and potential P2P vendors are contemplating what new features or services will resonate best with P2P users, Michael Moeser, director of payments, retail and small business at JAVELIN, said in a press release.The rapidly growing and expanding mobile P2P market is something the entire payments ecosystem cant help but take notice of. Non-bank competitors are jumping at the opportunity to facilitate comm |
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