US ecommerce sales topped $1 trillion for the first time last year
Economic headwinds and a post-pandemic comedown haven’t stopped people from shopping online, according to ComScore.
Telecoms.com
Category: Mobile commerce
Tinder operator Match sues Google over Play Store billing
Match Group runs a bunch of dating apps and it reckons Google is abusing its power by making its own billing system mandatory on the Play Store.
NFT hype gets a reality check
Non-fungible tokens have been heavily hyped over the past year or so but new data suggests an inevitable correction may have already started.
Frictionless finance: payments get closer to mobile customers
Embedded or “frictionless” finance is emerging as one of the primary disruptive drivers of the mobile communications market.
Scammers stole $770 million through social media in 2021, says FTC
The Federal Trade Commission, which is currently involved in a lawsuit to breakup Facebook and Instagram parent Meta, has released some stats pointing to the extent of social media fraud.
EU gets tougher on big tech
The EU parliament late last week agreed a set of draft measures that push back on big tech’s data gathering, targeted advertising, and look to insert more transparency on how content is removed.
Sainsbury’s turns to Amazon for cashierless tech
UK grocer Sainsbury’s has entered into a Faustian bargain with etail leviathan Amazon to power its new cashierless stores.
Orange Money partners with Ericsson Wallet Platform
Operator group Orange has turned to Ericsson to help it grow its pan African Orange Money service.
Apple opens its purse to settle developer class-action suit
Apple has agreed to loosen its grip on how mobile apps can be distributed and promised more transparency on app approval processes in a package to settle a class-action suit brought by app developers.
SKT launches its own subscription platform
Korean telco SKT has decided the time is right to launch a suite of subscription services for its customers.
OnlyFans blames banks for content policy change – UPDATED
The founder of Social subscriber platform OnlyFans has pinned the blame on banks refusing to process transactions connected to the company.
OnlyFans, Locals, Stripe, and the payment processor police
Social subscriber platform OnlyFans is reportedly banning sexually explicit content, undermining the businesses of many of its creators in the process.
Verizon also entrusts its messaging and RCS to Google
Following in the footsteps of T-Mobile and AT&T, the last of America’s “big three” Verizon announced that Android Messages will be the default bearer of its RCS messaging service from next year.
Jeff Bezos signs off with aplomb
In his final letter to shareholders as CEO of Amazon, Jeff Bezos looked back on the achievements during his tenure, laid out visions on multiple fronts for the company, and defended its track record in labour relations.
UK consumers go crazy for cryptocurrency apps in third lockdown
Conferencing, cryptocurrency and greetings cards were among the biggest growing apps in the first quarter of this year in the UK as consumers grappled with another period of lockdown.
Driving CSP growth with digital-to-network automation
The telecoms industry has been instrumental in underpinning the fast growth and high penetration of mobile internet services and providing critical connectivity during the COVID-19 pandemic. New network technology advancements will expand the service monetisation opportunities for service providers beyond connectivity provision and will accelerate growth compared to the past.
MásMóvil is becoming a bank
MásMóvil has launched a new range of financial services products, including personal loans of up to €60,000, putting it well on its way to becoming a bank.
MTN teams up with Mastercard on mobile wallets
Africa’s leading mobile operator MTN has partnered with payment platform Mastercard to add online payment functions to its mobile wallet for user across its fintech footprint.
Orange boosts banking presence with Anytime acquisition
Orange is ploughing more money into its nascent banking operations in Europe, this time by acquiring small business focused neobank Anytime.
Consumer spending via operator billing will triple to top $100bn in 2025 – research
A study by Juniper Research projects the global consumer spending through direct carrier billing will grow from $33 billion in 2019 to $100 billion in 2025, with a key driver being the shift to subscription-based monetisation model of digital services.
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