Tag: mobile payment

Mobile payments checkout, One Touch, rolled out by PayPal

The company has now made its way into a growing category of single touch purchase services.

PayPal has now announced the rollout of its mobile payments service called One Touch, which provides smartphone and tablet users with a way to check out and pay for items while shopping on their devices, using a single touch of the device.

This type of checkout program has been very popular among online shoppers using traditional PCs.

Amazon has had a great deal of luck with its version of the one touch checkout process. Many credit the ease of purchasing with the online marketplace for its ability to take the top spot in smartphone based retail shopping. It is also believed that Apple will also soon be adding its own one touch mobile payments checkout process on iPhones. Beating it to the punch, however, is PayPal, which is hoping to lead the way in the next generation of shopping checkout transactions.

One Touch is its mobile payments service that will help to complete a purchase much more quickly and easily.

Mobile Payments - PaypPalAmong the most frustrating elements of the mobile commerce experience is in the checkout, which requires a customer to have to complete forms and use a tiny touchscreen keyboard to enter shipping and billing information. This can be time consuming and often requires a great deal of correction when incorrect information has been accidentally entered due to the nature of the keyboard.

The PayPal One Touch feature is meant to help to overcome that struggle by giving a consumer the ability to use his or her PayPal account to pay for products purchased over a smartphone or tablet with a single click. When the account has been linked with the device, that user can use a single touch to pay just as Amazon customers have been able to do on that website for many years.

The One Touch service from PayPal is being rolled out on retail mobile apps during its first wave. The mobile payments service will also soon become available on mobile and responsive retail websites. There are no additional fees for customers to use this service, and merchants are charged the same 2.9 percent fee, plus 30 cents.

UK mobile payments market leads the world according to new report

A recent study suggests the launch of a new UK payments service has pushed the nation into the top m-payments market spot, worldwide.

After comparing international mobile payments markets, a UK Payments Council research paper claims that the United Kingdom is the m-payments market leader and that the country’s success is related to the P2P Paym service, which was launched this past April by the Payment’s Council.

The report compared the person-to-person (P2P) mobile payment services of several countries.

Aside from the UK, the countries that were studied and compared included the US, Japan, Sweden, India and Kenya. The report compared a variety of aspects, some of which included infrastructure, ownership, the mobile banking experiences of customers, and speed.

UK Mobile Payments StudyAdrian Kamellard, the Payment Council’s chief executive said about the report that “Looking round the world makes it clear that Paym is a world leading service, even when compared with trailblazers such as M-Pesa in Africa. The UK payments industry’s collaborative model of change, which builds upon our existing world class real-time payments infrastructure has delivered real benefits for customers.” Kamellard added that unlike other parts of the world, Paym is a free service for customers “at the point of use.”

He went on to say that mobile technology has altered human behavior around the world and that this has transformed the way that people carry out many of their important daily tasks. He added that it is interesting to observe how technological, cultural and local regulatory differences affect how a new mobile payments solution is applied.

Paym is the only mobile payments service in the world that is industry-wide to use P2P.

In addition to this finding, the Payment’s Council report also claimed it found that the US and Japan are behind Sweden and the UK when it comes to delivering P2P m-payment services. It also said that it is a struggle for India to make its service as universal is it is in Sweden and the UK due to the country’s geographic and demographic disparity. In addition, it noted that Kenya’s M-Pesa mobile payments service has increased the nation’s inclusion and financial capability, which previously had an infrastructure lacking in payments and banking.