Tag: m-payments

Mobile payments option offered by Foodpanda app

Android and iOS users of the Foodpanda app can now enjoy a quick and convenient payment service.

A cashless mobile payments option is a new feature offered by the popular mobile food delivery app, which now gives users the ability to not only easily order food from a variety of restaurants based on their location via their mobile device, but lets them pay for it immediately while using their device, as well.

To activate the payments service, users only need to link their credit card.

In order to be able to benefit from this feature, Android and iOS users need to download the 2.0.9 version of the Foodpanda app. They will then need to link their credit card for the service to work. It is a quick and easy process and it gives users the freedom to order their food without having to worry about having cash when it is delivered. Instead, the payment process is already taken care of at the time the order was placed. Thus, Foodpanda users can go cashless by paying for the food delivery service in advance.

The in-app mobile payments feature only works if restaurants support online payments.

Mobile Payments App for Food Delivery One of the drawbacks of this service, however, is that it is not an option for every restaurant. In order for it to work, the restaurant must support online payments and be integrated into the Foodpanda system. Therefore, not every one of the restaurants listed will work with the m-payments option.

While its latest in-app payments feature is not an original concept, as its competitors, GrubHub and Just Eat added this feature a while back, Foodpanda remains popular. Mobile users like that the app gives them the ability to browse and order food from restaurant menus that are available near their location. Furthermore, the service operates in more than 20 countries, including India, Indonesia, Malaysia, Taiwan, Philippines, Georgia, Cambodia, Russia, Ukraine, Poland, Serbia and others.

In addition to the new cashless mobile payments feature, the app’s overall performance was improved and the interface of the app was reworked. There were also more restaurants added. The latest version of the Foodpanda app is available for download at both Apple’s App’s Store and Google Play.

M-payments take off in China by 255 percent

A new report has shown that during the first quarter, alone, transactions reached the $623 billion mark.

According to a recent report that was released by the People’s Bank of China, m-payments were responsible for approximately $623 billion during the first quarter of 2014.

That market is clearly loving paying over mobile phones and consumers are rapidly adopting this tech.

The use of m-payments has skyrocketed in China by 255 percent during the first quarter, alone, when compared to the same quarter in 2013. This report underscores the trend toward mobile when it comes to the spending habits of consumers in China. This has made the country a world leader when it comes to the adoption and use of this technology, which has seen little more than struggles in convincing consumers to try it for the first time, let alone use it on a regular basis.

M-payments growth is to be expected in a market where 283 million smartphones will be shipped, this year.

In China, the use of the internet is also spiking at a similar pace, over both mobile devices and over laptops. Some of the primary evidence of this trend is over the giant, Alibaba, that has been pushing its products over both channels and which has seen a staggering 66 percent year over year growth within this year’s first quarter. Bolstered by mobile payments, that company brought in $3.1 billion in the first three months of 2014.China m-payments

That said, the achievement pales in comparison to last year’s Singles Day in November. That holiday is a celebration of being single. Tmall and Taobao – both companies owned by Alibaba – took in $5.75 billion in revenue during that single day. That brought about an increase of 80 percent in the sales that were experienced on that day, when compared to the year before. This has been greatly credited to the rise of the use of mobile devices for shopping.

A PwC survey that was conducted in China last year showed that at that time, shoppers in the country were already using their smartphones and tablets to buy on a daily basis, while 62 percent were doing so weekly. This was a 96 percent raise over 2012’s figures and makes it evident that m-payments – just like mobile commerce – will continue their popularity and growth in the country.