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Electronics and technology giant Samsung Electronics Co. Ltd., is stepping into the mobile payment industry, announcing earlier this week it had agreed to acquire Apple Pay rival LoopPay, a mobile wallet solutions provider and payment service.
Google has announced its latest foray into the exploding mobile payment market with Android Pay.
After Apple Pay’s much-hyped payment system’s launch in the United Kingdom has already encountered some problems with a double-spend issue.
Discount rates are the bane of merchants around the world. Simply put they are the percentage paid by merchants for each transaction that involves credit or debit cards. These fees can range from about 1% to as high as 5% for each transaction.
An American survey conducted by the Boston Retail Partners, suggests that 8% of North American retailers are planning on accepting Bitcoin within 12 months, and 5% within 1 to 3 years.
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The Walker Sands 2015 Future of Retail survey of 1,400 online consumers across the United States found that study participants consider mobile wallets and applications the least secure form of payment, ranking behind personal checks and cryptocurrencies such as Bitcoin.
South Korea’s leading Fintech startups are set to file a petition with the Korean Fair Trade Commission (KFTC) against Apple Pay for their violation of local laws on consumer protection.
American multinational technology company, Apple, is set to launch its mobile payment network, Apple Pay, in China on February 18, 2016.
There are many reasons why Near Field Communications (NFC) NFC is beneficial to consumers but as with many modern technologies; it doesn’t come without its risks.
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