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Rise in Global Popularity for Digital Wallets and Mobile Payment Apps Giving Consumers More Secure Options


News provided by

Marketnewsupdates.com

14 Mar, 2018, 12:45 GMT

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PALM BEACH, Florida, March 14, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

As digital wallets become more prevalent, it's not surprising that a growing number of retailers are embracing the trend to increase and facilitate more sales. Digital payments, through apps like Apple Pay, Venmo and Zelle, are faster, easier and generally more secure than some traditional payment methods. Digital payments grew to about $721 billion in 2017, according to Experian. And the Global market is exploding at an impressive rate. Mobile payment transactions in China alone added up to more than US$12.8 trillion last year, making it the world's largest mobile payments market. Now leading tech companies are accelerating efforts to tap into the market, with Google recently launching Google Pay in a move that rebrands and unifies its previous mobile payment apps as it rolls out new features and plays catch-up with Chinese payment services like WeChat Pay and Alipay. Active companies in the markets this week include Gopher Protocol Inc. (OTC: GOPH), PayPal Holdings, Inc. (NASDAQ: PYPL), Square, Inc. (NYSE: SQ), Apple Inc. (NASDAQ: AAPL), VeriFone Systems, Inc. (NYSE: PAY).

Gopher Protocol Inc. (OTCQB: GOPH) BREAKING NEWS: UGopherServices Limited, an England and Wales wholly owned subsidiary of Gopher Protocol Inc., a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, entered reseller and partner agreements with Allied Wallet.

UGopherServices Limited was established to expand the Company's network and customer base internationally and has entered agreements with Allied Wallet with the goal of enhancing International FIAT Currency Transfer Capabilities provided by Allied Wallet with Gopher's mobile ATM network platform held by Spare CS Inc., which is owned 50% by Gopher. Allied Wallet operates in 196 countries and 164 currencies globally.

"We believe Allied Wallet's award-winning payment technology and network of merchants will provide us with the ability to introduce the Spare CS technology on a worldwide basis in an expedited manner" stated Gopher CEO, Greg Bauer. Read this and more news for GOPH at http://www.marketnewsupdates.com/news/goph.html

In other mobile payment developments in the markets of note: 

PayPal Holdings, Inc. (NASDAQ: PYPL) takes security seriously for consumers when you shop using PayPal, your PayPal account helps protect your financial details and cards, better than carrying it around in a real wallet. All your financial information is securely in your digital wallet, and not shared with merchants each purchase. Just remember your login information, and forget your wallet. PayPal helps keep your transactions secure by not sharing your full financial information with sellers. Our encryption help keeps your online transactions guarded from start to finish.

Square, Inc. (NYSE: SQ) closed down on Tuesday at $51.83 after trading over 13.5 Million shares by the market close. Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions.

Apple Inc. (NASDAQ: AAPL) - While Apple Pay works with nearly all of the major banks across the United States, there are still regional banks and credit unions with customers waiting for Apple Pay to work with their institution. The latest expansion includes several of those banks across the US. Apple Pay will soon arrive in Brazil which will mark the first new country added in 2018. Apple CEO Tim Cook revealed the news last month during Apple's quarterly earnings call. Timing of the launch is not yet known, but it's possible it could be timed with iOS 11.3 which is expected soon.

To meet the needs of the rapidly evolving and growing payments technology landscape in India, VeriFone Systems, Inc. (NYSE: PAY), a world leader in payments and commerce solutions, and Ezetap, one of Asia's most innovative software and payment processing players, announced a partnership to enable merchants to more quickly and easily adopt both instore and online payment acceptance. The scope and scale of the collaboration will bring together Verifone's best-in-class payment solutions and services, and Ezetap's excellence in software and payment processing, to deliver simple and secure checkout experiences for merchants and their customers in any sector. "The payments industry has undergone a global transformation in the last few years and India is on a fast track to match developed countries in terms of technology requirements and consumer demand," said Abhijit Bose, Chief Executive Officer, Ezetap.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated twenty three hundred dollars for news coverage of the current press releases issued by Gopher Protocol Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
info@marketnewsupdates.com
+1(561)325-8757

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