Mobile Payments are on the Rise, With PayPal and Retail Apps Dominating

When it comes to mobile payments, PayPal upset the cart for banks and other retail financial service providers such as Western Union. But PayPal’s strong mobile payment market share is increasingly threatened by the likes of Apple, Google, Samsung and major retail chains, as new research from Parks Associates illustrates. The latter are making use of ¨white label¨ mobile payment apps that mobile app developers have opened up to them for branding. Continue reading