Macy’s Launches Mobile Payment Platform

Mobile Payments: China Mobile Partners with AMEX

Amazon Jumps into Competition with Square, Paypal & PayAnywhere

UnionPay Launches NFC-Compatible Wallet App for Smartphones

unionpay-logo-bigger-cropChina’s UnionPay unveiled a new smartphone app this week in an effort to mobilize m-commerce in the world’s most populous nation.

UnionPay’s Wallet app links personal smartphones to corresponding bank accounts, allowing users to pay for merchandise by swiping their phones at POS terminals. The app also works as a locator of nearby shops and resorts, in addition to offering downloads of currently active vouchers.

With mobile services and networks gaining swift traction amongst the Chinese public, analysts foresee the nation’s m-commerce sector reaching the multi-billion stratosphere over the next couple years.

One company at the forefront of these innovations is Shanghai Pudong Development Bank Co. Ltd. – one of China’s chief facilitators of near field communication (NFC) technology. Addressing mobile’s impact on banks and customer facilities, the company’s executive VP Jiang Mingsheng made the following statement:

“A mobile phone is far more than just a communication tool. For users, [mobile also functions as a payment and banking-services] tool. As for banks, they are mobile carriers of our services, and they are also expanding sales channels.”

In contrast to the U.S., China has quickly embraced the capabilities of NFC technology. At least 1.3 million POS terminals that support the technology have already been installed at grocery stores, shopping malls, eateries and subways throughout the Eastern nation.

Aside from Shanghai Pudong, seven of the nation’s banks have thus far adopted NFC technology, including Bank of China Ltd. and China CITIC Bank. Even more banks are expected to embrace the technology under UnionPay’s service platform.

The acceptance of NFC has risen in tandem with the popularity of smartphones across China. According to recent GfK figures, smartphone sales have annually jumped 109 percent in the nation of 1.344 billion.

Jason Campbell

Jason Campbell is a Junior Editor @ Daily Deal Media
DDM Reports
The 2014 Edition of the DDM Daily Deal Publisher Directory is the most comprehensive contact list for daily deal sites, flash retailers, aggregators and individuals operating in the daily deal industry. Each record includes the following: - Company Name - Website - Contact Name - Contact Title - Email - Phone - Address (not all records contain a full mailing address)
The 2013 Media List is a comprehensive database of all major media, bloggers and product/app review websites. If you're looking for PR distribution, this is a great list to begin with. Each record includes: - Contact Name - Publication Name - Website URL - Address - Email - Description
2.7M Consumer Subscribers. This data has been aggregated from a number of websites, which include daily deal sites that have gone out of business. Data includes: - Full Name - Address - Phone Number - Email - Signup Website - IP Address - Date of Signup Data will be delivered via a dropbox link in CSV format.