Tag: mobile payments solution

Will you soon be making mobile payments through Facebook Messenger?

The mobile app is reportedly adding a number of surprising features including “secret chats” among others.

Following changes made to the Facebook Messenger app including giving it its own virtual assistant, rumor has it that this popular messaging application will soon also have mobile payments among other options that appeal to its users.

Many media outlets are speculating that smartphone based payments and “secret chats” will be on their way.

Privacy is among the latest hot topics when it comes to mobile technology, so the ability to bring an added level of encryption that would make it possible to hold secret chats would potentially also help to keep mobile payments secure, in theory. The idea is not necessarily an off the wall one. If a large enough investment is being made into keeping chats secure then it might makes sense for Facebook to apply this type of mobile security to other features, as well. As mobile wallets are blossoming everywhere nowadays, this addition to the social media platform could be a logical next step.

Despite the fact that mobile payments and secret chats have been mentioned regularly, details are not immediately available.

Facebook - Mobile PaymentsThere have been many speculations as to what would be involved in the new features that have been suggested for the Facebook Messenger app. For example, using separate password protection for specific chats could make an interesting difference to the security level available for certain discussions between users.

The main thought with regards to the smartphone payments aspect is that the messenger app would make it possible to send money to family and friends who are also users. This could suggest that the social network is seeking to compete with other digital payments platforms such as Android Pay, Apple Pay and even PayPal.

The feature that was identified in a leak that has been spread by several media sources indicated that the app could be used for mobile payments in store. This could mean that Facebook is seeking to reach far out and beyond communicating with people the users already know. At the time of the writing of this article, the company had yet to confirm or deny any of these claims.

Mobile payments startup raises $10 million in latest funding round

Payleven has raised more funding to aid its mobile commerce initiatives

Payleven, a mobile payments startup that was initially incubated in 2012, has announced that it has raised $10 million during its latest round of funding. This brings the total funding that the startup has raised to $51 million. The funding is has added additional growth capital to Payleven, which has managed to find significant success among small and medium sized businesses. The company is expected to compete with others in the mobile commerce field, which has become quite competitive in recent years.

Seventure Partners joins other investors in supporting Payleven

Seventure Partners, a European venture capital firm based in France, is the newest investor in Payleven. The firm notes that it is excited about the prospects of the mobile payments company. Seventure Partners believes that Payleven has shown that financial technology companies are able to reach scale in promising markets, finding considerable profitability in a relatively short amount of time. The new investor may prove to be a boon for Payleven, which intends to find more success in the mobile commerce space.

Funding will help Payleven expand into new markets and acquire more customers

Mobile Payments Startup Gets FundingThe funding raised by Payleven will be used to expand into new product lines and accelerate customer acquisition. The funding will also help the company stay competitive in the financial technology space. The market has become extremely competitive, with several companies, some of which are quite large, have become involved in this space, introducing new and highly popular mobile payments platforms. This competitive environment has fostered innovation, but some companies have found it difficult to connect with both consumers and businesses.

Competition in the mobile commerce space is heating up

Mobile commerce is expected to see significant growth in the coming years, which may benefit smaller companies like Payleven. These companies will have to provide innovative, secure, and convenient services in order to gain support from consumers. Retailers, in particular, have shown strong support for mobile payments systems from startups, largely due to their ability to create a dynamic connection with consumers.