Author: BWild

Paym records more than $39 million in mobile transactions

Paym, a mobile payments service in the United Kingdom, has announced that its users have made more than $39 million in transactions since the service was launched in April o last year. Consumers can use Paym to make purchases or transfer money to their friends and family. The service has experienced strong growth over the past several months, becoming one of the more popular mobile payments services that is currently available in the United Kingdom.

Service now has nearly 2 million users that are participating in mobile payments

According to Paym, the service now boasts of nearly 2 million users. The service has won strong support because it is compatible with a wide range of financial institutions throughout the country. Banks showing support for Paym has made it possible for their customers to participate in mobile payments, which is becoming a popular practice among consumers. The demand for mobile payments support coming from consumers has encouraged banks to embrace services like Paym, which allow these banks to accommodate consumer interest.

66% of UK population claims to be aware of mobile payments

A recent survey commissioned by Paym found that approximately 66% of the population of the United Kingdom is aware of mobile payments. Of these, 52% of consumers are aware of Paym. Awareness of mobile payments has been growing relatively modestly over the past few years, though as people become more aware of this practice they are showing strong favor for it. Paym is beginning to attract more attention because of the growing awareness of mobile payments.

Paym may experience some strong competition once Apple launches its mobile payments service in the UK

Paym is not the only mobile payments service that is available in the United Kingdom, but it is one of the most popular. The service is expected to continue attractive users over the coming months, reaching new heights of success and establishing a strong foothold in the competitive mobile commerce market. Paym may experience some turbulence from Apple Pay, which is expected to launch in the United Kingdom later this year.

At the same time that Apple’s profits are breaking records, this company’s execs didn’t have the same news.

According to the news on the latest mobile trends from Samsung when the South Korean company’s fourth quarter financial results were released, there was a 23 percent drop in smartphone, tablet, and wearable technology based revenues when compared to the same time in 2013.

During that same period, the mobile profits at the company fell even more dramatically, dropping by 64 percent.

In that fourth quarter, Samsung posted earnings of $1.8 billion. This mobile trend has been a continuing one for the company that has been experiencing a growing struggle in selling its less expensive smartphones in emerging markets, where there is notable competition in cheaply priced devices from rapidly growing brands in the tech industry such as Xiaomi. Moreover, Samsung has also placed itself at risk by moving toward powering its first phone with its Tizen operating system. Recent reports have indicated that the recent launch of that OS may not have been quite as positive as the company had likely hoped.

At the same time, the mobile trends with regards to the higher end offerings at Samsung aren’t looking much better.

At the same time that Apple’s popularity and successes have been skyrocketing since it has launched its larger screened iPhone 6 devices, Samsung’s high end devices have been continuing to do well, but not nearly to the degree of its top competition.

At the same time, it is important to note that while the growth may have slowed down by quite a bit, Samsung is far from seeing an all out halt in its unit sales. Recently, analysts from the Wall Street Journal predicted that the company had sold somewhere between 74 and 77 million smartphones within the last quarter of last year. That may be a notable stumble from the 86 million that were sold the year before in the same quarter, but it remains an exceptionally large figure.

It is clear that the mobile trends at Samsung are headed downward, but the size of the company’s sales still provides room for the brand to turn things around.