French carriers Orange, SFR and Bouygues have joined forces with IT services firm Atos Origin to form a new joint venture dedicated to exploring a mobile payments initiative.
Cover story: How the machine to machine market is taking shape
Backhaul: Keeping the traffic moving
Banking on NFC: MNOs look to retain their place in mobile financial services
Executive interview: Blyk and Aircel
France Telecom’s mobile unit, Orange, has integrated Microsoft’s flagship mobile OS with its own billing platform, allowing users of Windows Phone 7 devices to add the cost of content purchased to their mobile phone bill.
Everything Everywhere, the parent company of T-Mobile UK and Orange UK, said Thursday it would roll out a commercial contactless mobile payment service by early summer.
The humble SMS will remain a significant source of revenues and traffic for mobile operators on a global basis until at least 2015, according to the latest forecasts from Informa Telecoms & Media. Global SMS revenues are forecast to rise to $136.9bn by 2015 from $105.5bn in 2010, as global SMS traffic increases from five trillion messages in 2010 to 8.7 trillion messages in 2015.
The chief of electronic payments and transactions at France Telecom’s Orange group has jumped ship, to head up the mobile unit at MasterCard Worldwide.
Japanese operator Softbank Mobile is set to trial contactless payment technology, having tapped up security firm Gemalto for the project.
Serbian mobile operator, Telenor, has become the first carrier in the country to enable its subscribers to use mobile phones to access their bank accounts and pay for goods and services. The operator is working with corporate and financial group, Erste Bank, and France’s largest retail banking group, Agricole to offer the services.
Informa Telecoms & Media held its annual Mobile Financial Services conference on March 9-10 in London. The conference presented a good opportunity to hear views from leading industry experts on the status of the mobile banking and payments industry.
The earthquake that hit Haiti on Jan. 12 is a tragedy of devastating proportions. The official death toll stood at 111,500 as of January 24, according to the Haitian government officials, with another 200,000 people reported injured. Just 132 people were pulled alive from collapsed buildings in the past two weeks. In addition to losing their loved ones and their homes, millions of Haitians also lack the basic necessities of life: food, water and clothing among them. It is a desperate situation.
There are several fundamental financial transaction issues faced by 100′s of millions of adults in Africa on a daily basis, ranging from the ordering and payment of goods and services, to the challenges of traditional banking, bill/tax payments, salary withdrawals and international remittances.
UK cellco O2 recently announced that it is entering the personal-finance sector with the launch in August of two prepaid Visa cards in conjunction with NatWest bank. In a press release issued by O2, a NatWest executive is quoted as saying that these “groundbreaking” cards will “really raise the bar in terms of the added value customers will get from the interaction with their mobile phone.”
Telefonica’s UK mobile operation, O2, has pushed into the financial services space, teaming up with bank NatWest to launch a prepaid debit card.
Last year, despite the advancing global economic malaise, mobile financial services gained traction-particularly in developing countries. From enabling m-payments via SMS, to full internet banking via a smartphone browser, it looks like we’ll be seeing a lot more mobile money in the future.
To date, predictions that the mobile phone will one day replace the humble leather wallet have gone largely unfounded, despite a growing number of mobile payment and banking services being made available worldwide.
Mobile operator Orange UK said Monday that it has teamed up with Barclaycard to develop a range of mobile payment services based on NFC (Near Field Communications).
Issue 157 February 2009
How the mobile industry will be affected by the economic downturn
Mobile payments: Transformational banking is creating opportunities for carriers in emerging markets.
Company profile: Can US carrier and mobile WiMAX standard bearer Sprint Nextel weather the blows?
To date, the humble mobile handset has evaded the vast majority of security threats now commonplace among PC users. But every so often security experts issue a warning about the multitude of dangers mobile phones will be exposed to at various points in the future. This week, one such report was published by the Georgia [...]
More than 100 million mobile phone users worldwide will use their handset to make international money transfers by 2013, according to research released this week. Although cross border mobile money transfers are currently in their infancy, analysts at Juniper Research expect the market to gain significant traction over the next two to three years, especially [...]