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Tag Archive for CNP Payments

Mobile CNP Payments Could ‘Subsume Any Other Payment Path’

While mobile wallets enabling payments at the POS (think Apple Pay, Android Pay and Samsung Pay) are garnering most of the headlines, online mobile commerce continues to dwarf in-store mobile payments. Given the growing adoption of smartphones globally, the fact that mobile surpassed desktops and laptops as the primary means to access the Internet two years ago (with the gap widening), tokenization capability that is being built into the mobile payment ecosystem and the in-app capabilities of the mobile wallets, Boston-based consultancy Aite concluded “it is not unreasonable to envision a future in which mobile online payment is the ‘business as usual’ option, supplanting traditional POS at retail and e-commerce online.”

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