"Today we think nothing of paying for a coffee and a sandwich with a contactless payment card or streaming films on a smartphone which is also enabled for mobile payments," Koch said.
The two Fairwood restaurants in Shenzhen that were enabled for Octopus card payments are located at Luohu Commercial City and Shenzhen Railway Station.
Engagement with the study was facilitated by the enhanced service component of the General Medical Services Contract, which enabled a payment for participating practices.
However, it does provide many fraud reduction features, and has enabled more payment options for consumers.
"The beauty of the CCP is that wearable manufacturers don't have to significantly change the design of their devices to incorporate the technology — it's a case of inserting the tiny chip to enable the device for payment," Suchy added.
Or for CRM apps to enable card payments for in-person sales applications.
And companies like Bango, enabling payments for existing BOKU customers like Facebook, perhaps hit closer to home.
That's pretty sound logic I'd say, and the fact that Apple did include both Touch ID and the secure element that enables payments for e-commerce purchases is far, far more significant than its retail ambitions, especially on a device that is fast-becoming the most popular in the world for online shopping.
TeachStreet payments enables credit card payments for a portion of teachers/classes, letting teachers who are unfamiliar with e-commerce be able to elicit sales leads from the web.
On the other hand, the Japanese company's fintech investments focus, at this point, looks to be an area where it can add greater value and expertise — Bitnet, for example, is already working with Rakuten to enable bitcoin payments for its global businesses.
