Mobile Payments

Here are our twenty most recent articles on Mobile Payments

Jumio raises $25.5m

Jumio, a US start-up that has developed a system to turn Web cams and smartphone cameras into credit card readers, has raised $25.5 million.

Paypal calls time on physical wallet

Within four years consumers will be able to leave their wallets at home as digital currencies supplant traditional payment methods for shopping at retail stores, according to forecasts from PayPal.

eBay steps up m-payment attack

EBay is determined to lead the charge into NFC-enabled mobile payments via its PayPal unit, sensing the moment to create a full online/offline platform and see off rivals like Google forever. The company has made a string of acquisitions to support its aim, most recently Zong, and has now unveiled a service that supports peer-to-peer payments by tapping two Android handsets together.

Mobile payments market to triple in value by 2015

The total value of mobile payments for both digital and tangible goods, money transfers, and NFC transactions will rise from $240 billion this year to $670 billion by 2015, according to a Juniper Research study.

Ericsson rolls out European mobile money network

Ericsson has launched a new P2P mobile money transfer service across seven European countries.

Telrock launch secure mobile bill payments

UK and Ireland energy retailer Scottish and Southern Energy, together with mobile payments specialists Telrock, have launched technology to revolutionise the way millions of customers manage their energy and telecoms accounts.

Mobile Money in Africa - By Pankaj Gulati

Many people living on the African continent find themselves excluded from the traditional banking system and do not have access to basic financial services. In Kenya for example, there are only 840 bank branches and 1,500 ATMS, despite having a population of 38 million people (Success Stories from the ICT sector in Africa by Kaoru Kimura, Duncan Wambogo Omole, Mark Williams). However over the past 10 years, this has started to change due to the introduction of mobile money.

Global mobile money adoption on the rise

There has been a 55% surge in the global use of mobile financial services in the last year, with emerging markets, notably China, driving the growth, according to a survey from TNS.

Berg Insight predicts 709 million mobile money users

According to a new research report by Berg Insight, the number of mobile money subscribers in emerging markets is forecasted to grow from 133 million users in 2010 at a compound annual growth rate (CAGR) of 40% to reach 709 million users in 2015.

Mobile Payments: trust and familiarity are crucial in driving adoption

Trust and familiarity are the key drivers in consumer preference for mobile payment services, according to a new study.

WorldPay to offer mPoint mobile payments

WorldPay has announced the launch of a mobile payment reseller program based on CellPoint Mobile’s “mPoint” mobile payment solution. Through the new program on offer, WorldPay can now process any type of mobile payment, such as remote mobile payments, proximity, online and POS transactions.

VeriFone outlines six rules for mobile commerce success

VeriFone is urging "aspiring mobile payment service companies to engage with retailers in determining market requirements to enable mobile phone-initiated payments and services at the retail point of sale."

Microsoft joins mobile payments gold rush

Microsoft is working on a version of its Windows Phone software that will let users buy merchandise with a flick of the handset at a checkout counter, two people familiar with the plans said.

Fed banks map out mobile payments

The success of mobile payments in the US depends on an open, interoperable infrastructure based on NFC technology, according to a paper published by the Atlanta and Boston Federal Reserve Banks.

American Express joins m-payments race

American Express has unveiled a digital payment and commerce platform that lets users buy goods and make person-to-person transfers online and through mobile phones.

Telenor launches MFS in Serbia

In Serbia, mobile network operator Telenor has introduced a new payment service called PlatiMo, which allows customers to pay their bills and perform other financial services via their mobile phones directly from their bank accounts.

O2 launch eMoney based mobile wallet

O2 UK is to launch a mobile wallet app in the second half of this year, containing a suite of mobile payment options. Contactless payments, using NFC technology, will also be added to the operator's m-payment mix this year - although O2 plans to launch the wallet app first.

Mobile wallets poised for European takeoff

Mobile wallets are on the cusp of booming across Europe thanks to growing momentum and successful trials in countries such as Spain.

Interest in mobile payments strong

New research by Accenture shows that nearly half (45%) of the most active mobile device users would welcome the opportunity to pay for goods and services using their mobile phone, despite the fact that 73% expressed significant privacy and identity theft concerns.

Global mobile transactions near $1 trillion

Yankee Group research shows that while mobile transaction usage is growing, consumers show little willingness to pay for these services. The company’s forecasts predict unprecedented growth in mobile transactions worldwide, with the total value of global mobile transactions increasing from $162 billion in 2010 to $984 billion in 2014.

Mobile Payments

Jumio raises $25.5m

Paypal calls time on physical wallet

eBay steps up m-payment attack

Mobile payments market to triple in value by 2015

Ericsson rolls out European mobile money network

Telrock launch secure mobile bill payments

Mobile Money in Africa - By Pankaj Gulati

Global mobile money adoption on the rise

Berg Insight predicts 709 million mobile money users

Mobile Payments: trust and familiarity are crucial in driving adoption

WorldPay to offer mPoint mobile payments

VeriFone outlines six rules for mobile commerce success

Microsoft joins mobile payments gold rush

Fed banks map out mobile payments

American Express joins m-payments race

Telenor launches MFS in Serbia

O2 launch eMoney based mobile wallet

Mobile wallets poised for European takeoff

Interest in mobile payments strong

Global mobile transactions near $1 trillion

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