Slideshow 8 Big Reveals from Mobile World Congress and Beyond

Published
  • February 26 2016, 11:38am EST

Several major announcements took place at 2016's Mobile World Congress in Barcelona, but just as much activity was happening outside of the event. These big reveals demonstrate the increasingly global and digital nature of the payments industry.

Stripe Announces Atlas

"The promise of the Internet is that geography should be largely irrelevant," said Stripe CEO Patrick Collison (pictured). To turn that promise into reality, Stripe and its partners are launching a service called Atlas, which allows international online businesses to incorporate as a U.S. business entity in Delaware and obtain a U.S. bank account and tax ID number.

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Samsung Pay Spreads

Samsung Pay remains a standard feature of Samsung's flagship phone line, with the announcement of the Galaxy S7 and Galaxy S7 Edge. Samsung also confirmed that it would bring its mobile wallet to other countries, including the U.K., this year.

PayPal Partners with Vodafone

PayPal's new partnership with Vodafone is about more than just mobile payments. It's also a sign that PayPal is paying more attention to the potential of NFC, a technology it has largely avoided in its earlier mobile wallet efforts. (Pictured: PayPal CEO Dan Schulman)

Starbucks Supports Chase Pay

JPMorgan Chase's investor day took place during Mobile World Congress, and the bank had some major mobile news of its own. Chase is placing some big bets on its upcoming Chase Pay, which Starbucks has agreed to support as a mobile payment option.

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MasterCard's Mobile Vision

MasterCard showed off "selfie" authentication for mobile wallets, but the card network's vision for mobile goes well beyond the phone. Its new pact with WISeKey brings MasterCard tech to Bvlgari and Hublot luxury watches.

Apple Pay's Plan for China

Apple Pay is looking to carve out some ground in China — where rival Alipay's userbase exceeds the population of the entire United States — but to get there, Apple seems to have made some concessions. Chinese banks would reportedly pay half the fee that Apple receives from U.S. banks. (Pictured: Apple Store in Shanghai, China)

Interac Goes In-App

Canada's debit network knows that the future of payments goes beyond plastic cards. Interac is taking steps to support tokenization for in-app transactions, thus allowing direct payments to merchants instead of its current practice of routing e-payments through consumers' bank accounts.

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LG Pay Delay?

LG's new G5 smartphone was loaded with features, but the rumored LG Pay was not among them. However, the device is designed to support modular add-ons, including a VR headset and a dedicated camera grip, so it's possible LG Pay could be added through this feature someday.