The U.K. mobile payments system Paym, which has the backing of most major U.K. banks, launched this week with the ability to serve more than 30 million users.
Apple CEO Tim Cook announced this week that his firm has about 800 million iTunes accounts, up from 575 million in June 2013. Mobile payments could turn all of those iTunes accounts into a "gold mine," judges Nigam Arora, editor of the Arora Report and contributor to Forbes.
The number and total value of merger and acquisition activity in the mobile payments sector dropped significantly last year, but the sector is poised for strong growth, says Mooreland Partners.
Read the latest in mobile IT news for April 21, including how Nike slashed most of its FuelBand team, why slow response times kill mobile sites, which mobile payment service was the most used, the benefits of connected trucks and vehicles and the expected growth in the wireless network security market.
Facebook is planning to launch a mobile ad network this month, Re/code reports.
Check out the hottest mobile IT news for April 10, including Apple's allegations against Samsung and Google, how mobile payments will soon top the $500B mark, where the cloud-managed Wi-Fi market is headed, the expected growth of telematics in Western Europe and the increased use of location-based ad campaigns.
Check out the hottest mobile IT stories for April 9, including rumors of Apple and Google mulling over purchase of Square, Google's new "Glass at Work" program for wearables in the workplace, who tops the mobile point-of-sale vendor list at ABI, the struggles of mobile brand engagement and the development of faster in-flight Internet by provider Gogo.
The mobile payment market is attracting big retailers who want to reduce transaction costs and increase customer loyalty, Reuters reports.
Quick rundown on the latest mobile IT news for Monday, 3/24 including: Wendy's new mobile payment app, Lenovo's $100M drop for mobile patents, how some enterprise apps are functioning like consumer apps, Utah's launch of a Google Glass transit-tracking app and the majority of mobile browsing takes place on iOS versus Android devices.
The mobile biometrics market is forecast by TechNavio to see a 156.9 percent compound annual growth rate through 2018. Factors fueling the growth include the use of mobile devices for financial transactions and other security applications.