Tag: Apple Pay

Apple’s mobile payments service to launch in UK next month

| June 11, 2015

Apple Pay will be launching in the United Kingdom next month

Apple plans to launch its mobile payments service in the United Kingdom next month and will be linking with the loyalty cards provided by some retailers. The company has established a strong position in the mobile payments space in a relatively short amount of time. Apple Pay launched in the U.S. in October of last year, with the service being supported by a strong partnership with several prominent retailers. The company has been looking to expand its service into new markets, but this process has been relatively slow.

Companies are showing strong support for the mobile payments service

Pinterest and Discover Card will be working with Apple for the launch of Apple Pay in the UK. Apple will also be adding store debit cards to its  mobile payments system, which will allow Apple Pay to be accepted at more than 1 million locations worldwide next month. In the UK, Apple Pay is expected to be accepted at more than 250,000 locations, and will also be used to pay for public transportation services.

UK is becoming a dynamic market for mobile payments

Apple Mobile Payments - UKThe UK has become a very attractive mobile payments market. Many consumers have become enthralled with the concept of mobile transactions, as it is more convenient for them than conventional forms of commerce. Being able to shop online from a mobile device allows people to purchase products wherever they are and at any time, as online stores do not close. This is a trend that is being seen throughout the world. According to a recent study from Forrester Research, global mobile sales are expected to reach $142 billion by 2019.

Apple to compete with other companies operating in the mobile space

Apple will be competing with several other companies that have already managed to establish a foothold in the United Kingdom. Apple Pay has already generated significant hype, with many consumers being excited for the service’s eventual launch in the UK. Merchants have also shown great interest in mobile payments and may see great benefit in supporting the new service from Apple.

Mobile commerce market continues to grow in the US

| June 5, 2015

Mobile commerce has become a powerful force in the US

The mobile commerce market is growing quickly throughout the world. The advent of mobile technology has had a profound impact on the commerce sector, changing the way that people shop for and purchase products. Mobile commerce is still a relatively new concept, but consumers have shown a great deal of favor for being able to purchase products with their smartphones, both online and off. According to BI Intelligence, the mobile commerce market is expected to swell throughout the United States in the coming years.

In-store mobile payments expected to reach $37 billion this year

BI Intelligence predicts that in-store mobile payments will reach $37 billion this year. This is lower than the organization’s previous forecast, largely due to the late launch of new mobile payment services, such as Samsung Pay and CurrentC. Despite the downward revision of this forecast, more consumers are beginning to participate in mobile commerce, especially in physical stores. Retailers are making it possible for people to purchase products with their mobile devices while in stores, rather than forcing these people to purchase products online.

More consumers are participating in mobile commerce

Mobile Commerce Growth USAAn estimated 8% of mobile consumers in the U.S. made a mobile payment at least once in 2014. BI Intelligence predicts that this will swell to 65% of mobile consumers by 2019. Many people are beginning to feel comfortable with the concept of mobile payments, and this comfort is allowing them to be more active in this sector. With new mobile payment services launching, a growing number of consumers are likely to enter into the sector.

Apple is leading the mobile payments space

Apple is having the most dramatic impact on the mobile payments space. The company launched its Apple Pay service last year, which has become extremely popular among consumers and retailers alike. Other companies have plans to launch their own payment services later this year, but will have to fight to catch up with Apple, as it has established a strong lead in the sector.