Tag: samsung

Bank introduces the Rabo Wallet, which supports NFC-based mobile payments

Rabobank, a Dutch multinational bank, has launched a new application that will facilitate mobile payments. The app supports NFC technology and is currently available for the Samsung Galaxy S4 and Galaxy Note 3. Named Rabo Wallet, the new app serves as the bank’s next step in engaging mobile consumers. With mobile payments growing more popular throughout the world, banks have begun to launch services that support these transactions in order to meet the needs of their customers.

Companies partner to make a new mobile payments platform possible

Rabobank has partnered with Giesecke & Devrient and Samsung in order to launch the new application. This partnership has made it possible for the companies to engage mobile consumers more effectively and will make use of services and technologies developed by both Giesecke & Devrient and Samsung. These services are expected to make Rabo Wallet a valuable tool for consumers that are interested in making payments with their mobile devices, balance their bank accounts, and store loyalty points that are offered by retailers.

Mobile wallet features are becoming more popular as consumers show greater interest in mobile payments

Mobile wallets are quite similar to their physical counterparts. These applications are designed to store financial information digitally, making it easier to access this information. These applications are widely used by those that wish to conduct mobile payments and several mobile wallets have been released in the past two years. There is a great deal of competition in the mobile payments space because of the number of wallet applications that are currently available, making it difficult for a singular platform to stand out among consumers.

Rabobank may help bring more security to the digital payments space

Mobile wallets have recently come under harsh criticism for their exposure to digital threats. Many platforms do not have the adequate security measures in place to stop hackers from stealing consumer financial information. Rabobank has extensive experience when it comes to security, however, which may ensure that Rabo Wallet is able to keep the information of its users safe from exploitation.

The market in the country has belonged to that Korean manufacturer, but it is losing its grip.

Samsung is continuing to hold the lead in the cell phone segment of the mobile devices market in India, but at the same time, the Korean handset maker is starting to lose ground as it faces a growing amount of competition from rivals that are driving forward at full tilt.

Among the competitors that are moving forward in that market are Microsoft (Nokia), Karbonn, Micromax, and Lava.

CyberMedia Research (CMR) has recently released data that has stated that Samsung is currently “losing its earlier firm grip”. It has watched its share in India fall from having been 20.3 percent at the start of 2014, to reach a much lower 16.5 percent by the close of December. The firm’s data was published within its India Monthly Mobile Handsets Market Review, for last year. In the country, mobile devices increased by 4 percent to reach 257 million units more having been shipped in 2014 over the same figure for 2013.

Of all of the shipments of cell phone mobile devices, Samsung shipped 16.5 percent in India.

Microsoft (Nokia) and Micromax each shipped 13.3 percent of the total shipments. That said, CMR released a statement that indicated that “However, Samsung was seen to be losing its earlier firm grip on market, as its share of the market showed a downward trend during the year, as compared to Micromax that gained primarily in April-June 2014, but then continued to remain flat during the rest of the year.”

When the data was collected for that market for the January through March quarter, last year, Samsung had held onto a 20.3 percent share of the shipments, while Microsoft (Nokia) had 17.6 percent of the shipments, and Micromax had 11.2 percent in India.

Approximately 77 million smartphones had been shipped by Samsung last year, making up about 30 percent of the entire cell phone mobile devices market in India. That segment of devices as a whole experienced a growth of 46 percent when compared to the shipments that it had experienced the year before.