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This is part 1 of a series looking at the top stories of 2018. Part 2 will look at articles.
The year 2018 will be remembered as a transformational year in the evolution of mobile payments. Mobile transactions set new records during the holiday shopping season, adoption to contactless payments surged in key global markets and leading banks took steps to compete against up and coming fintechs.
Here are the ten most read news stories that appeared in Mobile Payments Today:
1. Diebold Nixdorf Inc., a leading maker of point-of-sale systems, reportedly hired Credit Suisse and Evercore to advise on a potential sale of the company.
2. Shell added Chase Pay to allow customers to make contactless payments at the gasoline pump.
3. Fifth Third Bank added new functionality to its mobile app that allowed customers to withdraw cash from an ATM machine without using their debit card.
4. Vantiv completed its acquisition of Worldpay Group.
5. The number of contactless users worldwide are expected to reach 760 million by 2020, according to a new study from Juniper Research. The study reported that OEM pay services are expected to reach 450 million, with Apple accounting for about half that number.
6. A new study from Auriemma Consulting Group shows that Apple Pay has 77 percent of market share among mobile wallet transactions.
7. Ingenico Group created a new payment technology for micro merchants called PIN on Glass.
8. Walmart shoppers are twice as likely to choose Apple Pay over Walmart Pay if they have a choice in preference, according to a study by Ariemma Consulting Group.
9. Royal Bank of Scotland signed First Data to provide merchant services, including the company’s Clover point-of-sale technology.
10. Eight banks in Hong Kong have joined together to deploy a QR-code based mobile payment app.