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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.

Libra partners stampede for the exit

Visa and Mastercard are among a group of partners in Facebook’s Libra cryptocurrency venture to decide the whole thing is too risky.

Mobile money market to be worth $78 billion by 2019 – report

The global mobile money market will be worth $78 billion by 2019, according to research by MarketsandMarkets. The report, titled Mobile Money Market- Global Forecast to 2019, claimed the market will grow at an annual compound growth rate (CAGR) of 44.6% from last year’s total of $12.34 billion.

Weve partners with MasterCard on in-store mobile payments

The joint venture set up by UK’s mobile operators O2, Vodafone and EE — Weve — has announced a partnership with payment provider MasterCard. The two firms hope to accelerate usage of contactless mobile payments at the point of purchase in physical retail stores in Britain.

MasterCard takes controlling stake in mobile remittance service

Payment provider MasterCard has teamed up with mobile payment solutions providers eServGlobal and BICS to extend the capabilities of their international mobile remittance platform HomeSend. The three firms have set up a joint venture which uses the HomeSend platform, in which MasterCard will have a controlling share.

Telefónica appoints MasterCard chief to head financial services team

Operator group Telefónica has appointed a financial services veteran to lead up its Digital Financial Services unit. Pilar Aurrecoechea has been in the financial services sector for 25 years and will join the operator group’s innovation arm, Telefónica Digital, reporting into Vivek Dev, CEO of Digital Services.

iZettle launches in Germany

Swedish firm iZettle has launched its mobile payment card reader service in Germany. The payment solutions provider has teamed up with financial institutions DZ Bank and Deutsche Telekom to provide small businesses with the ability to accept payments via Android and iOS smartphones.

Everything Everywhere signs with MasterCard on payment solutions

In a move to ignite mobile payments in the UK, operator group Everything Everywhere, formed by the merger of the Orange and T-Mobile brands in the country, has signed an exclusive, five-year partnership with payment processor MasterCard. The two firms said that they plan to develop mobile and digital payment solutions for the operator’s 27 million-strong subscriber base, by combining their financial and technological assets to create new payment products and services.

Google moves Wallet to cloud, adds more cards to offering

In an attempt to ignite take up of its m-wallet offering, Google has launched a cloud-based version of its wallet for its US users. As a result, users can now add Visa, American Express and Discover credit and debit cards, as well as MasterCard, to their wallet.

Intel and MasterCard team up on NFC

Intel has teamed up with payment provider MasterCard in a drive to provide more options for a safer and simpler check-out process for online merchants and consumers using Ultrabook or netbook type devices and future generations of Intel-based PCs.

Etisalat launches NFC payment service in UAE

UAE operator Etisalat has teamed up with MasterCard Worldwide to launch cashless mobile payments programme in the country. The system uses Near Field Communication (NFC) technology to authorise everyday transactions via a smartphone.

Isis in crisis?

Isis, a mobile payments joint-venture between AT&T, Verizon and T-Mobile in the US, has scaled back its initial plans to roll out its own mobile payment network in favour of an m-wallet-style offering.