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Bharti Airtel applies for banking license

Bharti Airtel, India’s leading telecoms operator, has applied for a banking license, in a potential breakthrough for the country’s under-developed mobile-banking industry. The first telecoms group to declare its intention to enter formally the banking sector, Airtel hopes to upgrade its existing pre-paid payments service, Airtel Money, into what is known in India as a payments bank, which offers remittances… Continue reading >>

Norwegian operators advance Strex mobile payments brand

Norway’s three leading operators ‒ Telenor, TeliaSonera and Tele2 – are to advance their Strex joint venture for mobile payments. Strex is now able to offer end users a single mobile wallet service with multiple funding and payment options. The Amdocs solution will consolidate the operators’ multiple SMS (Short Message Service) -based payment systems into one, enabling Strex to offer their users… Continue reading >>

All in one wallet card – Swyp

As the race to win space in your wallet gains further momentum there is a new player in town: Swyp. Everybody, from Apple to Google, has a digital wallet these days that takes the credit cards, loyalty cards, and other cards out of our pockets and moves them onto our mobile phones. But to Qvivr, the startup behind Swyp, the… Continue reading >>

UK reports digital payments acceleration

Total spending on Visa cards in the UK has surpassed £600 billion for the first time reports Visa Europe. The results provide strong evidence of the UK’s transition to a digital payments economy and a sign of the most exciting period for payments since the invention of the debit card. Annual point-of-sale spend on Visa cards in the UK grew 9.2%… Continue reading >>

Amazon withdraws mobile wallet app

Amazon has quietly announced that it is withdrawing from the mobile payments scene and has removed its mobile wallet from the various app stores after just six months. The limited scheme was only available in the US during its short lifespan and the fact that it’s now being eliminated would suggest that Amazon doesn’t think it has the potential to be… Continue reading >>

EMV banking cards extend reach of Vodacom m-pesa mobile wallet

The deployment of prepaid EMV banking cards to complement Vodacom’s m-pesa mobile wallet service in South Africa will significantly extend the reach of the South African operator’s services. The card is certified by the major international payment schemes and accepted at any of the 240,000 EMV-compliant payment terminals and over 27,000 ATMs throughout the country. The card links seamlessly to… Continue reading >>

Starbucks drops Square and deepens app strategy

Starbucks has launched its mobile payment app in Germany and France to enable its customers to make payments using a mobile version of their Starbucks card. The app is the same one which operates in the US and UK and it works in the same way globally. The company also announced quietly before Christmas that it and Square are going their… Continue reading >>

BlackBerry continues comeback with PayPal app roll out

BlackBerry has unveiled that it has introduced the PayPal mobile app for the US, UK and Australia, with more markets to come in the future. Following the rollout, the app is compatible with the BlackBerry Q10, BlackBerry Z10 and the new BlackBerry Classic smartphone. Moreover, consumers are now able to use the PayPal app on all major mobile platforms, including Android,… Continue reading >>

Wearable technology research reveals consumer attitudes on payments

Stratos has announced results from its Stratos Wearables Payment study. The consumer survey found that almost one out of three (30%) of US smartphone owners already own a wearable device. The most popular wearable type was a wristband like Fitbit or Jawbone while the least popular were smart glasses like Google Glass and smart clips. Those who owned a wearable, said… Continue reading >>

US omnichannel banking systems

Although digital engagement, via omnichannel banking, is where the industry may be headed, face-to-face engagement is where the industry remains. In a new report, Celent offers a thorough analysis of omnichannel banking and where North American financial institutions are taking their channel systems. Following two previous biennial research efforts, the report draws upon multiple interviews among financial institutions and solution providers… Continue reading >>