Mobile payments

Mobile forecast to dominate electronic payments

Mobile phones will take an increasingly leading role in the payments space over the next five years as a result of technologies that allow safe storage of payment details in smartphones and other security improvements, reports Banking Technology.

iPhone6-PF-SpGry_iPhone6-PF-SpGry _NFC-PRINT

Apple Pay UK launch marred by bank no shows

Apple Pay launched in the UK without the participation of most of the major banks, including HSBC, which was listed as a launch partner, but this morning faced customers taking to social media to complain that they can’t use the app.

mobile banking

UK mobile banking use forecast to double

The number of UK mobile banking users is set to almost double from 17.8 million to 32.6 million by 2020, according to a new report commissioned by Fiserv, writes Banking Technology. Online banking is still growing too, the research found.

Facebook money transfer

Facebook introduces IM money transfers

Social media giant Facebook is the latest company to jump on the mobile commerce bandwagon with the introduction of the ability to transfer money via its Messenger IM tool.

Amdocs MWC

Amdocs and Strex push SMS payments

SMS seems so last decade, but often the simplest technologies provide the easiest solutions. Amdocs has partnered with Norwegian SMS payments outfit Strex to promote this technology and see the rise of mobile wallets from the likes of Apple, Google and Samsung as complementary.

money cash dollars notes

Mobile industry generated $3.3 trillion in 2014 – report

Analyst firm Boston Consulting reckons the mobile technologies industry was responsible for almost $3.3 trillion in revenues last year, and is responsible for 11 million jobs. However the study commissioned by Qualcomm also came to the conclusion that the challenges face by mobile players will require investment of $4 trillion over the next five years.

Millicom has expanded its mobile wallet in Tanzania

Millicom makes mobile money move

Telecoms company Millicom has stepped up its push to gain ground for its mobile money service in the east African country of Tanzania, home to 47 million people, as competition heats up between operators seeking to pounce on the boom of mobile money in three African nations.

On the buses with NFC

EE NFC handsets compatible with London buses

UK carrier EE this week enabled its own flavour of NFC, dubbed Cash on Tap, for London’s bus network, allowing customers to use their phone in lieu of an Oyster card or contactless debit card. Users will need an EE handset and an NFC-capable SIM.

LoopPay uses innovative MTS technology

US mobile payment firm LoopPay wins Visa funding

Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.

CardSpring specialises in payment APIs

Twitter builds commerce model with CardSpring buy

Social network Twitter has acquired payments infrastructure firm CardSpring for an undisclosed sum. The San Francisco-based startup develops a web service API that makes it easy for payment companies and point-of-sale vendors to work with developers to create card-linked services.

Deutsche Telekom has launched a mobile wallet service in Germany

Deutsche Telekom launches mobile wallet

German operator group Deutsche Telekom has launched a mobile wallet service in its domestic market. The operator also plans to extend the offering to further markets; to Slovakia in mid-May and in Hungary later this year.


Mobile money users reach 61 million

The number of active mobile money users has grown to 61 million in June 2013 from 37 million a year earlier, according to trade body the GSMA.

Vodafone has joined forces with global money transfer and payment services firm MoneyGram to enable customers in over 200 countries to send money to M-Pesa users

Vodafone launches MoneyGram to M-Pesa money transfer service

Operator group Vodafone has joined forces with global money transfer and payment services firm MoneyGram to enable customers in over 200 countries to send money to M-Pesa users. The two will initially launch in a few key markets in 2Q14 and plan to roll out the service to further markets during the remainder of the year.

The mobile payment industry is set to grow rapidly

AT&T launches payment services for businesses

US operator AT&T has launched two solutions to allow businesses to process payments using a mobile device. The operator teamed up with payment processing services provider Vantiv to develop the solutions, which it says offer a highly secure and swift method to process transactions.

Deutsche Telekom has launched a mobile wallet service in Germany

O2 discards unattractive wallet

UK operator O2 has revealed that its O2 Wallet service, which closed last week, was a casualty of the pace of development in the fast moving mobile payments space.

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