Mobile Communications International April 2012
Alternatively click here to download a copy of the Mobile Communications International April edition in PDF format.
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.
In a networked economy, everything is connected, tracked, personalised and direct. Over the past 12 months, we have most significantly seen an increase in the use of alternative payment methods having a big contribution to the networked economy we live in. Most notably we have seen a rise in mobile payments and there are now a number of key options available: Apple Pay, Google Wallet and CurrentC.
Ericsson has announced its Wallet Platform has been deployed by Millicom-owned Tigo Senegal to offer financial services to customers across West Africa. Tigo Cash mobile services allow subscribers to make payments, store, transfer and withdraw money using a mobile device, even if the user doesn’t have access to traditional banking services.
Apple’s CEO Tim Cook has revealed one million credit cards were activated on Apple Pay in its first three days. So far, the US’ six biggest credit card issuers have signed up, with a reported 500 financial service providers joining early next year. Visa, MasterCard and American Express are among those already enabling the app.