Turkish carrier Turkcell and local bank Akbank have announced a partnership to introduce an NFC-based mobile wallet service incorporating location-based elements.
A handful of big US retailers got together this week to develop a mobile commerce platform backed by a mobile wallet designed to work across “virtually any” smartphone.
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.
The European Commission’s competition watchdog has opened an in-depth investigation into the proposed creation of a mobile wallet joint venture by UK carriers Vodafone, Telefónica and Everything Everywhere (T-Mobile and Orange).
Ericsson and MTN Group have co-launched m-wallet services in the Middle East and African regions, marking the first time an operator has adopted Ericsson’s converged wallet offering.
Mobile operator Orange has expanded its mobile wallet offering to another market with a commercial offer targeting several thousand users in Poland.
The UK’s three biggest operators on Thursday launched a standalone m-commerce joint venture designed to provide a single contact for advertisers, marketing partners, retailers and banks to create m-commerce products and services. Cashing in on the m-wallet phenomenon, the will target companies and organisations that provide anything from credit, debit and loyalty cards to membership cards and transport tickets, allowing them to create secure mobile versions of their products.
Still driving home the importance of m-commerce, online giant eBay has agreed to acquire the 51 per cent stake in e-commerce platform Magento that it does not already own. Ebay snapped up 49 per cent of Magento last year in a bid to increase its offerings to online merchants.
Orange UK has launched what it says is the first contactless mobile-phone-based payment service, allowing customers to make purchases up to the value of £15 (US$25). The service has been developed in conjunction with Barclaycard and will use the credit card company’s network of contactless readers which is deployed in more than 50,000 UK stores. The service uses a secure, SIM-based solution but initially is only available to customers who buy a special version of the Samsung Tocco handset.
Isis, a mobile payments joint-venture between AT&T, Verizon and T-Mobile in the US, has scaled back its initial plans to roll out its own mobile payment network in favour of an m-wallet-style offering.