Mobile wallets

More than two years after Apple Pay made its debut, less than 20% of U.S. shoppers are routinely using their smartphones for mobile payments — but millennials are bucking that trend a bit.

The long-term promise of mobile wallets has been that plastic cards could disappear, even from the point of issuance.

Nigeria is becoming a hotbed of mobile payments development, with the nation’s largest banks and wireless telecom companies launching a mobile payments platform this month.

The fintech boom attracted a lot of new investors and in turn, billions of dollars into the market. But some of that money went to projects that haven’t lived up to the hype and in 2016, we’re starting to see a pullback.

Mobile wallets need to be open and accessible across all systems.

There was once a huge push behind contactless payment cards in the U.S., but eventually issuers lost interest in the format. However, there are signs that contactless payments will make another push.

The newest Samsung smartwatch will include the Samsung Pay mobile wallet to allow users to make payments at terminals that accept swipe or contactless payments.

When Android Pay launched, Google Wallet became a P-to-P service. That market's getting popular, and Google is responding with a web upgrade.

Business-led mobile payment apps can build deeper relationships with consumers, and right now that beats the third party mobile wallets.

South Korea’s LG last year rolled out LG Pay, a mobile wallet that took an indirect approach to contactless payments by leveraging Bluetooth technology to link to a proprietary “white” card that stored a user’s payment cards. The concept never took off, and a new report suggests LG is making another run at mobile payments, using different technology.

Samsung Pay is steadily spreading across the globe and adding new features, but it's also facing some strong challenges in these markets. Here are a few of the biggest issues Samsung's mobile wallet has faced since launch.

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant's Watson Commerce unit.

Walmart and Dunkin' Donuts have poured millions of dollars into their proprietary mobile payment apps, and their most interesting lessons are the ones they didn't expect to learn.

Karhoo, a U.K. price comparison and hailing app for licensed taxis and minicabs, is preparing to launch in the U.S. with the help of Bank of America Merchant Services eCommerce and cybersecurity solutions.

The additions are part of Samsung's strategy to turn Samsung Pay into a broader commerce platform.

Visa and Mastercard are teaming up with wallet providers and technology companies to accelerate payments innovation.

The experience Thomas Ko gained at Citigroup and Haley Kim's time at Wells Fargo were vital in building Samsung's mobile pay app.

Coins uses blockchain and mobile technology to encourage financial inclusion in Asian economies.

SimplyTapp is using host card emulation to make its mobile technology more widely available, in a move to improve performance among young people.

The bank-led clearXchange is changing its brand to reasonate more with consumers