Over Half of Mobile Payment Companies Have No Control Over Financial Data
Even though plenty of consumers are looking forward to using new and innovative mobile payment solutions, there are still a lot of security issues that need to be addressed. A recent study conducted by Ponemon Institute shows how mobile transactions lack proper security measures to keep payment data safe. As a result, there is a huge lack of confidence by both consumers and businesses. Bitcoin, on the other hand, has no issues securing mobile payments and is available for consumers all over the world.
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It is a digital currency, which works online and makes anonymous transactions between buyers and sellers across all over the world. It works through the mathematical formula and does not have any regulators controlling it. The digital currency can be exchanged for real traditional money. Bitcoin is gaining its popularity and is already used in many ways, such as WikiLeaks in order to accept donations. A block chain is stored in every computer running bitcoin and registers every transaction between buyers and sellers. It is said that transactions are anonymous, although it is not entirely....
Asian fintech companies continue their growth and overseas expansion. The Chinese fintech firm Ant Financials’ payment arm Alipay has recently started partnering with Finnish mobile payment provider ePassi to launch mobile payments for shopping and services on Finnair’s flights, therefore, marking a significant milestone in the development of mobile payment services in air. Alexander Yin, chief financial officer of TCG, the parent company of the Finnish mobile payment provider ePassi, said: "In the fintech and mobile Internet sectors, China is a global leader thanks to business,....
More and more mobile payment solutions are making their way into the hands of customers all over the world. While there is growing demand for mobile payment solutions, not all of these projects are received with tons of enthusiasm. Chase’s mobile solution serves as a digital wallet that requires customers to scan a QR code. By the look of things, someone has been paying close attention to Bitcoin. Most new mobile payment solutions offer something the world has not seen before, whether it is magnetic or contactless payment options. In the case of Chase Pay, however, it looks like there has....
But there is more, as “heavy users’ will pay even less money per gigabyte. In fact, Reliance Jio will charge half of the price per GB used. Mobile internet connectivity is quickly becoming the new norm in developing countries. Rather than relying on more expensive fibre connections, mobile data plans are a great way to stay connected to the world. Over in India, Reliance Industries have come up with a new data tariff. Prices will drop well below US$1 per GB, which may boost the number of Bitcoin users in the country to new heights. Reliance Industries has a clear mission for the future of....
There is a lot of excitement in the world of payments these days, especially now that so many companies are focusing their attention on the mobile space. With so many consumers owning a mobile device that has Internet connection capabilities, contactless payments are evolving to this new medium. Android Pay is Google’s answer to mobile payments, and users can now get a free Chromecast when using the option. Bitcoin, on the other hand, offers proper incentives and rewards that are not tangible. In the mobile payment sector, a war is going on between manufacturers and operating system....