Mobilising the market place
The biggest innovations in m-payment mechanisms among merchants seem to be at the lower end of the market. But Big Retail is still in the running and everyone is seeking to influence a change in behaviour.
Financial services firm Visa Europe has said it will launch the V.me digital wallet on a controlled basis in the UK, France and Spain in the autumn of 2012.
The relationship between Google and Samsung is looking increasingly strained, after recent announcements from the Korean vendor suggest that it is gradually stepping up to compete with its old American ally.
The biggest innovations in m-payment mechanisms among merchants seem to be at the lower end of the market. But Big Retail is still in the running and everyone is seeking to influence a change in behaviour.
Financial institutions like Visa have spent the last 20 years laying the rails for international payment systems. Visa is now leveraging those frameworks to mobilise the commerce experience.
In a world where it’s almost too easy to part with your digital currency, innovation has moved on to the contents of the digital wallet.
Web giant Google has launched its long anticipated consumer cloud storage product, Google Drive. Building on its existing offerings, the service lets users create, share, collaborate on and save files in the cloud.
Mobile financial services are back in the news, making for a substantial share of the announcements made at February’s Mobile World Congress. The aim is as simple as the ecosystem is complex, and structuring a play in this space is no mean feat.
Latin American operator group América Móvil is spearheading the launch of a mobile money service in Mexico, aimed to serve the nation’s underbanked population. The service, called Transfer, will be launched by a joint venture between the operator, Citibank´s Mexican unit Banamex and local bank Banco Inbursa.
Financial services provider Barclaycard has introduced a sticker-based contactless payments offering to support mobile money transfer service Pingit in the UK.
The CEOs of Apple and Samsung, Tim Cook and Choi Gee-sung, have agreed to hold settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing. Meanwhile, Twitter has announced that it will begin a policy of not using patents as a tool to impede the innovation of others.