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This move will potentially open itself up to increased competition as well as outside growth opportunities.
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The mobile wallet will now only offer rewards for purchases made at Samsung-branded outlets like Samsung.com or the Samsung Galaxy Store, or by visiting special locations announced by Samsung Pay,
per NFCW. This means that outside of Samsung outlets, users will no longer earn rewards points for Samsung Pay transactions or gift card purchases. Samsung Pay is putting an end to its US rewards program.
This Week in Apps: Apple bans party app, China loses 39K iOS games, TikTok births a ‘Ratatousical’
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.
The app industry is as hot as ever, with a record 204 billion total downloads and $120 billion in global consumer spend in 2019. Not including Chinese third-party app stores, iOS and Android users in 2020 downloaded 130 billion apps and spent a record $112 billion. In 2019, people spent three hours and 40 minutes per day using apps, rivaling TV.
Due to COVID-19, time spent in apps jumped 25% year-over-year on Android. Apps aren’t just a way to pass idle hours they’re also a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.
In a move that has been met with a bit of confusion and some anticipation, it looks like Samsung will be removing paid content, including apps and in-app purchases, on its Galaxy Store. While this is happening in select countries only, it’s a pretty interesting move from the Korean OEM at a time when a […]