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7-Eleven Japan shut down a mobile payments app after only two days because hackers exploited a simple security flaw and customers lost over $500,000
The flaw, it seems, was that anybody could reset anybody else's password to 7pay, the 7-Eleven Japan mobile payments app.
Singapore and KL among world’s top destinations for Chinese mobile payment – and it all happened in the past 2 years
92% of businesses said the amount spent by Chinese tourists increased if mobile payment was available
Sentosa is a "favorite attraction" for Chinese visitors and business delegates, an Alipay rep said.
DBS' PayLah has helped to double the number of mobile payments in Singapore.
Amazon has reportedly been quietly working to get brick-and-mortar retailers to adopt its mobile-payment system for in-store purchases.
Meanwhile, desktop sales will stagnate in the next four years, predicted the report.
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