8 Cities Booming with Payment Technology
Published January 27, 2013 1:58 PM
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Updated October 20, 2016 10:55 AM
1 Min Read
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New York
As the most populous city in the U.S., New York City lets payments companies expose their technology to a large number of people at once. PayPal tested its mobile wallet here, and Square has offered its iPad-based payment system for taxi cabs. (Image: ThinkStock)
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Salt Lake City and Austin
The three mobile carriers, AT&T, T-Mobile USA and Verizon Wireless, launched the mobile wallet Isis in Salt Lake City and Austin, Texas. Both are home to plenty of young people willing to test newer technology. (Image: ThinkStock)
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San Francisco
Known for love and liberal thinking, San Francisco's citizens are often asked to test products from local payments players, such as Square, Revel Systems, Intuit, PayPal and Apple. Recently, PayByPhone enabled 30,000 parking meters to work with near-field communication (NFC) payments in the city. (Image: ThinkStock)
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Overseas
Although the U.S. payments market is crowded with companies all trying to take top position, mobile payments hasnt picked up as fast in the States as it has overseas. Based on an IMS Research survey, the top four countries to mention replacing plastic with mobile were China, South Korea, Poland and Turkey. (Image: ThinkStock)
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Amsterdam
Amsterdam has come a long way from its 12th century roots as a rural fishing village. Today PayPal and others are running pilots in the city. During the 2012 holiday season, PayPal added quick-response (QR) codes to retailers windows in a popular shopping district here. The test led PayPal to instead consider image recognition, as QR codes were deemed ugly, says Anuj Nayar, senior director of corporate communications. (Image: ThinkStock)
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London
Visa Europe used the 2012 London Olympics as a testing ground for contactless and mobile payments. While the event brought much-needed attention to the new technology, many people were upset with point-of-sale system failures and the lack of ATMs on the grounds. (Image: ThinkStock)
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Barcelona
La Caixa in Barcelona, Spain continues to push new payments technology, including a growing number of contactless payments , making the coastal city a poster child for such systems. Barcelona residents use contactless payments in taxicabs, at 17,000 merchant locations and at ATMs. (Image: ThinkStock)
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Tel Aviv
Tel Aviv, Israel is becoming the Silicon Valley of the Middle East with tons of technology startups building products and services here. Nearby payments companies include BlueSnap , formerly known as Plimus Inc., and ZooZ. Last year, VeriFone sent its mobile card reader, Sail, to Israeli companies to distribute to merchants. (Image: ThinkStock)
