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UK m-commerce spend to grow by 77.8% to £14.95 billion in 2015

The UK is set to make more than a quarter (28.6%) of all online purchases through mobile devices in 2015, according to an international study commissioned by RetailMeNot. The study, carried out by the Centre for Retail Research (CRR), presents the key figures and trends for m-commerce in eight European markets and North America. The report confirms the UK’s status as… Continue reading >>

African mobile money interoperability

Telco Millicom has announced that its Tigo Pesa service in Tanzania will be the first in Africa able to transact with customers of all the country’s other mobile money services, following an agreement with Vodacom for M-Pesa. Millicom and rivals Airtel and Zantel established interoperability in 2014, but signing up market leader M-Pesa is an important further step. From later this… Continue reading >>

Barclays launches Twitter Payments through Pingit

In a UK first, Barclays has announced it will be the first British bank to allow people to pay each other and small businesses via Twitter payments using just their Twitter handle. Launching on both Android phones and iOS devices next month (Tuesday 10th March), Twitter payments through Pingit will expand the existing service to social media and a potential  13.5 million… Continue reading >>

Visa Europe launches payment tokenisation and expands P2P payments capabilities

Visa Europe has announced its plan to launch a payment tokenisation service customized for the needs of the European market. Tokenisation technology will be at the heart of new mobile payment solutions and has been hailed as one of the best data protection and fraud prevention methods available.  The new service will be available for financial institutions from mid-April 2015…. Continue reading >>

Mobile commerce growing three times faster than e-commerce

In a new piece of research issued by PayPal in collaboration with the market research company Ipsos, mobile commerce is growing at nearly three times the rate of overall ecommerce at a global level, the data reveals. From 2013 to 2016, the multi-country average compound annual growth rate (CAGR) for mobile commerce is projected at 42% versus 13% for overall ecommerce (including… Continue reading >>

Should mobile payments be handled in-app, or by the bank?

For the past five years, mobile payments have been trumpeted as ‘this year’s big thing’ – but finally, this year, the claim is being substantiated. For me 2014 marked a watershed, when the idea of using a mobile phone to pay for actual goods in a shop became truly mainstream. But why is now the time for mobile payments? I’d… Continue reading >>

Visa unveils global expansion plans for Checkout

Visa Inc. has announced that Visa Checkout will become available in a total of 16 markets in 2015, continuing the growth the proposition has experienced since launching in three markets in the summer of 2014. Consumers from ten countries can now sign up for Visa Checkout and start using the service. In the coming months, Visa will extend the service… Continue reading >>

Sub-Saharan African mobile money market set to soar

The sub-Saharan mobile money market is set to provide telcos and banks with as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group (BCG). Banks and MNOs can capitalise on growth opportunities because with the exception of M-Pesa-dominated Kenya, there are no countries in the region that have seen one dominant player establish… Continue reading >>

Let battle commence: Samsung acquires LoopPay

As the battle for handset supremacy wages on, the new weapon for Samsung is LoopPay, as the electronics giant agreed to acquire the mobile wallet services provider that turns existing magnetic stripe readers into secure, contactless receivers. LoopPay will join Samsung to strengthen the company’s overall efforts to provide users with safe and reliable mobile wallet services. No financial details of the… Continue reading >>

Contactless will open the door to mobile – MasterCard

With figures from MasterCard showing that contactless transactions in Europe grew by 174% year on year in the last quarter of 2014, the payment network is predicting that the surge in contactless usage is paving the way for the mass adoption of mobile payments. Overall, European consumers increased their contactless usage by more than 20% during the last quarter of… Continue reading >>