mobile payment

Sending money

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.

Introducing the Internet of McThings

McDonald’s has made its first step towards IoT with the introduction of a mobile ordering app as a means of streamlining the in-store customer experience.

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.

Samsung reportedly mulling mobile payments move to counter Apple Pay

Smartphone giant Samsung is exploring the possibility of launching its own contactless mobile payment system, which may involve payment startup LoopPay, according to sources speaking to re/code. The rumour comes as Apple continues to brief the press that Apple Pay is going really well.

CaixaBank launches Gemalto-powered NFC mobile payment wristband

CaixaBank, one of Spain’s largest banks, has moved into the wearable payment technology space with the launch of an NFC-enabled wristband capable of making contactless payments. Security vendor Gemalto has supplied its Optelio Contactless MiniTag, which links the wristband to the user’s existing payment card.

Telefónica partners with Spanish banks on payment services

Telefónica has partnered with Spanish banks La Caixa and Santander to deliver mobile payment services and a digital wallet. Users of the new service will be able to gather all their credit cards into the new digital wallet; they will also be able to send and receive funds via their mobile phone. Bank account details will not be necessary; all the sender needs is the recipient’s phone number.

Visa launches mobile payment services

Payment provider Visa has announced the launch of launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices.

Ericsson launches own in-app payment service

Swedish vendor Ericsson has launched an in-application payment service targeted at operators that want to allow consumers to complete purchases without having to leave a game or application. Consumers will be able to buy goods and services with just one click, whilst remaining in the app.

Consumers don’t trust mobile payment

Research from security specialist Unisys suggests that consumers remain wary of using their mobile phones as payment mechanisms, driven by concerns over security. Of more than 13,000 mobile subscribers from 14 countries surveyed in March, 71 per cent said that they would not consider using a mobile device to bank or shop online. Scepticism was […]