The 'Pay' model is strong, but banks are still in play

From Mobile Payments Today –

“Apple Pay registered some impressive figures when it launched in the U.S. in 2014. It seems, though, that adoption has slowed, as more devices go unregistered and the initial hype dies down.

An ongoing survey conducted by InfoScout in cooperation with PYMNTS.com shows the number of eligible Apple Pay users who tried the service dropped from 15.1 percent in March to 13.1 percent in June. The victory, though, is the impact on the market. Apple has done an exceptional job in bringing mobile contactless payments into the mainstream, paving the way for Samsung, Google and the banks.

Samsung Pay has been live in Korea since August 20 and has picked up around 500,000 users. This statistic should grow following launch in the U.S. at the end of September and not least because the platform can make payments with both contactless and mag stripe terminals. On top of this, Google launched Android Pay on September 10. We're yet to see any adoption figures here but the land-grab is certainly going to be interesting. Indeed, the advertising war has already commenced!”

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Why Mobile Payments Aren't Gaining Traction with Small Businesses

From Entrepreneur –

“A year after the launch of Apple Pay and five months into Google’s Android Pay service, it seems like mobile payments have finally caught fire with the public. Thousands of banks and retail giants have jumped onboard, yet small businesses—which account for more than 90 percent of businesses in the country, according to the U.S. Census Bureau—are so far responding with a collective meh.

“I would say it’s been a fairly negligible adoption rate so far,” says Jordan McKee, senior analyst covering mobile payments at 451 Research in Boston. “There hasn’t been a tremendous amount of interest given the cost of upgrading terminals to accept NFC payments.”

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Set up Android Pay on your mobile device

From Tech Republic -

“You might have noticed that a new app has been pushed to your device. That app, which takes the place of Google Wallet, is the long-anticipated Android Pay. If you don't happen to find it on your device (you may not if you never installed Google Wallet), you can easily get it from the Google Play Store.

This new payment app requires Android 4.4 or higher, works with NFC (so you'll need an NFC-equipped device), and makes it very easy to use your credit or debit card.

Here are the steps to install Android Pay…”

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