Global Payments Market Hotting Up

The Latest Insights from International Online Marketing

The global payments market is hotting up, with new payment systems launching in multiple new countries around the world. Google has just launched Android Pay in the UK, Samsung has just launched Samsung Pay in China, and Visa has just launched in Somalia. Android Pay and Samsung Pay are both mobile payment systems, whereby users can use their smartphones to buy products in any shop with a contactless payment reader. Mobile payment systems are becoming increasingly popular worldwide, with around 148 million people expected to pay for an item in a shop using a mobile wallet this year, according to a study by Juniper Research. Visa's launch in Somalia means that Visa card-holders will be able to use their cards at ATMs in the country, as well as to buy items in shops that have card readers. 

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