MoneyRSS

Portugal Telecom signs with mobile payment provider

Portugal Telecom will use mPowa's bluetooth PoS terminal for smartphones and tablets

Operator group Portugal Telecom has taken a step towards facilitating mobile payments after signing a partnership with m-commerce solutions provider Powa. The partnership aims to bring mobile payment services to small businesses and the SOHO segment in Portugal, Brazil and markets in Africa.

Vodafone adds subscribers to Weve

Vodafone has joined EE and O2 in adding its opt-in database to Weve's mobile marketing platform

UK operator Vodafone has added its opted-in subscribers to advertising and commerce joint venture Weve, joining rivals EE and O2. With the addition of one million Vodafone subscriber details, Weve now has a database of more than 15 million UK subscribers.

Opera Mobile gets carrier billing hook

A new service targeted to banks could threaten mobile operators' wallet offerings

Internet browser developer Opera Software has teamed up with mobile commerce firm Neomobile to bring m-payment services to users of Opera Mobile.

Riding the payments roller-coaster

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UK banks are still in “a difficult place” as they face economic uncertainty, increased cost and competitive pressures, complex regulations and rapid technological changes – but the changes that are happening in the payments industry offer scope for them to reclaim the initiative and deploy innovative solutions.

UK banks show a clearer vision on mobile payments than the cellcos

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Whilst UK mobile operators have yet to fully unveil their plans for a mobile wallet joint venture, dubbed Project Oscar (Weve), the UK’s Payments Council has been quietly working with leading banks and payment networks to roll out a nationwide mobile payments service next year in which the operators appear to have zero input.

UK banks payment service threatens mobile wallets

A new service targeted to banks could threaten mobile operators' wallet offerings

Mobile operators preparing mobile wallet offerings will face potentially stiff competition from financial institutions, after UK quango the Payments Council announced plans to launch an industry-wide mobile payment service.

The irresistible rise of digital banking

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The banking industry, integral to our commercial and personal lives, has always evolved with the times to embrace new challenges and consumer attitudes. Technology plays an obvious and increasingly important role in this evolution, writes Clayton Locke, chief technology officer at Intelligent Environments.

Mobile banking to hit 1 billion users by 2017

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As uptake of mobile banking services is predicted to reach one billion by 2017, banks are starting to view the mobile channel as an indispensable revenue stream, according to Nitin Bhas, senior analyst at telecoms research firm Juniper Research.

Tough year ahead for NFC as retail payments diversify

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NFC technology advocates face continued disappointment in 2013 as it is likely to be overshadowed by other developments in retail payments, according to a report by financial research firm Celent.

Diebold debuts cardless ATM at CES

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ATM maker Diebold has developed an ATM that lets customers withdraw cash without using a card – and saves the bank money in the process.

CIBC promotes NFC payments via BlackBerry

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Canada’s CIBC bank has launched a novel promotion aimed at increasing uptake of NFC technology for mobile payments.

Race to build ‘customer-centred’ banking is on

Banks must learn to use information services to provide value to their customers if they are to avoid falling victim to competition, according to a report by consultancy Ctrl-Shift.

Orange and China Mobile team up on NFC

Orange and China Mobile have signed an MoU to promote the take-up of NFC services

Intent on making the prevalence of near-field communications (NFC) a reality, Orange and China Mobile have signed a memorandum of understanding (MoU). The two operators are aiming to accelerate the commercialisation of mobile contactless services and said they will adopt internationally recognised standards for embedding the secure technical protocols directly into the SIM-card.

Catalan bank offers m-payments via NFC stickers

la Caixa has launched a sticker-based contactless payment service for mobile devices

The home of the world’s largest telecoms event is aiming to stimulate the adoption of contactless mobile payments after Catalan bank la Caixa announced it will roll out a contactless payment system in Barcelona, based on TAP Visa stickers for mobile devices. The bank forecasts that 200,000 customers will be using the system by February, when the Mobile World Congress 2013 will be held.

Mobile security: a moving target

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Mobile and NFC payment technologies have been on the rise in recent years. But with many merchants and retail outlets still reluctant to invest in the new technologies, and with the rise of fraud in existing solutions, industry participants are divided over how and whether the technology will ever gain widespread acceptance in developed markets.

M-Pesa mobile money service enhanced in Kenya

Kenyans will now be able to take out small loans and gain interest on their savings using their mobile phoones

Already staking a claim to be the one of the most effective mobile money success stories to have graced the telecoms industry, Kenya’s M-Pesa service has now been extended to allow consumers access to interest-bearing saving accounts and the ability to take out small loans.

Mobile payments will see retail banks regain balance in 2013

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Mainstream adoption of bank-led mobile payments services and the results of investment in removing siloed channels will see retail banks start to redress the balance between the opposing pressures of cost reduction and the need to invest in innovation in the coming year.

Airtel expands African mobile money service

Airtel Africa extends its mobile money offering in Africa

The African subsidiary of Indian operator group Bharti Airtel has extended its mobile money transfer service across the 17 African markets it operates in. Airtel Africa’s subscribers will be able to send and receive money transfers over the operator’s network, which will be connected to a community of mobile network operators, and money transfer organisations, through the HomeSend hub.

Mobile money maturing in Africa

Fundamo has conducted research examining the opportunities in mobile money services in Africa

Financial services firm Fundamo has conducted research examining the opportunities in mobile money services in Africa, and has reported that it expects to see accelerated growth of such services in the coming years.

M-Pesa mobile payment arrives in India

Indian bank ICICI Bank has partnered with Vodafone to launch M-Pesa, the mobile payment service, in India before the end of the year.

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