A UK technology company has created a banking app that promises to help customers keep track of their finances at a glance, interfacing with the Pebble smartwatch which launched launched in January 2013.
Operator group Vodafone has announced an NFC mobile payment service in Spain. The group plans to launch the service at the end of November, with launches in Germany, the Netherlands and the UK to follow.
Norwegian carrier Telenor has teamed up with DNB, the country’s largest bank, and identity management specialist Giesecke & Devrient (G&D) to introduce Norway’s first commercial NFC project.
French operator group Orange has formed a strategic partnership with payment provider Visa to accelerate awareness and everyday usage of contactless payment technology in France. The operator has also launched a mobile prepayment solution called Orange Cash in the country.
Qatari operator group Ooredoo now has one million mobile money customers across its global footprint. The group, which has a presence in Qatar, Indonesia and Tunisia added that mobile money services have contributed to economic and social development in the markets it operates in.
Andrea Galeazzi, director of network services at Italian payments and technology infrastructure company SIA, has taken up a new role as chairman at Italian telecoms firm Emmecom. The move is part of SIA’s acquisition of the smaller firm, which took place in July and forms a key part of its European expansion plans.
The value of international money transfers made via mobile phones will exceed $10bn for the first time this year, according to Juniper Research. However, the cost and complexity of regulating cash transfer had led many service providers to focus exclusively on airtime top ups, the research firm reported.
Fewer than one in four of UK consumers would use their smartphone like a credit card to make payments even if they had the relevant app, according to a new survey carried out by YouGov on behalf of outsourcing firm Firstsource Solutions.
Spanish operator group Telefonica has signed a deal to step up its carrier billing capabilities. The operator group has teamed up with mobile money solutions provider Mopay, granting it direct access to Telefónica’s billing platform BlueVia.
British bank Barclays has launched two features within its mobile banking app Pingit, which it launched in February last year. Using the service, retailers can offer their customers two new ways to pay via their mobile.
All of the UK’s mobile network operators have extended their carrier billing offerings by connecting to Gemalto’s direct billing platform, the mobile security solutions provider announced.
Orange and oil and gas group Total have forged a partnership in Africa and the Middle East, providing access to Orange Money services at all Total service stations in the regions, spanning a total of 13 countries to date.
Kenya has long been considered a pioneer of mobile money services, given the successful mobile payment system M-Pesa made its debut in the market. Now a recently launched project aims to combine M-Pesa with another pioneering currency technology, Bitcoin.
Orange is launching an international money transfer service across three of its African markets: Mali, Senegal and Cote d’Ivoire, targeting a sector where every year, €200m are moved between the three countries in the form of money transfers.
Alior Bank, Bank Millennium, Bank Zachodni WBK, BRE Bank, ING Bank and PKO Bank Polski intend to build a common infrastructure including standard authorisation and settlement. The system will be open to all market participants, including other banks, and will support abilities such as mobile cash withdrawal from ATMs and mobile money transfer.
Payment processing firm Visa Europe has introduced a service allowing consumers to make mobile payments across the region immediately and using any European currency. Meanwhile in India, popular money transfer and payment service M-Pesa has now been fully launched.
Turkish operator Turkcell and SIM card and mobile security solutions provider Gemalto have each found themselves at the hearts of two mobile payment projects that promise to transform the transport and retail sectors in Turkey and the USA respectively.
Disruptive digital technologies such as mobile communications and the internet will destroy established retail banking business models, according to financial sector commentator and author Brett King, by removing the physical product and replacing it with a digitised bank account.
Senior executives from the financial sector are split over the extent to which mobile payment technology has failed to take off – and what they can do to fix it.
Following the launches of mobile card reader devices such as Square, iZettle and mPowa, Canadian firm Inuit has launched one of its own. Intuit Pay enables businesses to take secure payments face-to-face and over the phone. The Chip & PIN card reader is currently only available for Apple’s iOS devices, and is free for a limited, unspecified, time.