The banking industry is set to face new competitive disruption as it scrambles to preserve its stake in the growing mobile payments market. New figures show that worldwide mobile payments are expected to increase by nearly 61 per cent to 47 billion transactions by 2015.
The Commonwealth Bank is making mobile banking more accessible to small businesses, rolling out a number of new innovations to its social payments app CommBank Kaching this week.
New PayPal technology is enabling small businesses, service providers and casual sellers to accept credit card and PayPal payments via their smartphone, allowing them to complete transactions and monitor cashflow wherever they like.
Do your customers want to buy stuff while they are on the move? Blogger David Boyd explains some of the different types of mobile payment systems you could use.
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