Mobile financial servicesRSS

O2UK to wind down mobile wallet offering

UK operator O2, part of the Telefónica stable, has announced to customers that it is closing down its O2 Wallet mobile commerce application, 18 months after it launched. The application will not function after March 31st this year, O2 said.

Isis mobile wallet goes nationwide in US

The latest version of the Isis mobile wallet service has been launched across the US, following 18 months of testing in Texas and Utah by AT&T, T-Mobile USA and Verizon Wireless.

Satellite TV service embraces mobile payment in Sierra Leone

Consumers in Sierra Leone will be able to pay for satellite TV services using their mobile phones

Consumers in Sierra Leone are set to see a broader range of mobile money services after satellite television provider DStv announced that it has joined the Splash Mobile Money ecosystem. As a result of the deal, more than 5,000 DStv customers are now able to make payments immediately from anywhere in the country for their satellite subscriptions directly from their mobile phones.

M-Pesa mobile payment arrives in India

There is a large unbanked population in India

Indian bank ICICI Bank has partnered with Vodafone to launch the M-Pesa mobile payment service in India before the end of the year. The service will be provided by Vodafone India through its subsidiary Mobile Commerce Solutions. Under the M-Pesa brand, MCS will provide a mobile wallet service, while ICICI Bank will provide the mobile money account.

EE exclusive distributor of iZettle card reader for UK

iZettle is currently available for iOS and Android devices

Everything Everywhere, the UK operator owned by Orange and Deutsche Telekom, is to be the exclusive distributor of the iZettle card reader in the UK. Swedish mobile payment provider iZettle combines card reader hardware and a downloadable app, to enable smartphones and tablets to take debit or credit card payments.

Google Wallet eases online payment process

Google Wallet

Google has improved the integration of its mobile wallet application with online retailers in a bid to stimulate mobile financial transactions. From this week, on sites that accept Google Wallet, users will no longer need to enter their credit or debit card number, billing address or other payment information.

Carphone Warehouse launches UK m-commerce services

SimplyTap screenshots from the Mobile Money Network

UK retailer Carphone Warehouse (CPW) has begun deployment of its mobile payment service, based on the SimplyTap application developed by the Mobile Money Network (MMN). The service allows users to make purchases from participating retailers using alphanumeric codes, QR codes and image recognition, as well as online transactions from an in-app marketplace.

Visa m-wallet to launch in autumn

The wallet will ultimately act as a container for multiple payment technologies

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.

O2UK launches mobile wallet service

The O2 Wallet home screen

Telefónica subsidiary O2 has become the first operator in the UK market to launch a mobile wallet offering. The service offers price comparison for online shopping, person to person money transfer and allows the user to digitise cards linked to existing bank accounts, or load money onto an O2 stored value account.

Mobile money could curb corruption in developing markets

Mobile money is helping workers in developing nations receive their full wage

Mobile salary dispersal is being used to fight corruption and ensure workers receive their full wage in emerging markets, according to the head of a mobile commerce and financial services solution provider.

NFC mobile payments 2 – 5 years out says survey

Some handset vendors are now starting to introduce NFC to their portfolios

A survey carried out at MWC by mobile commerce and messaging specialist Sybase 365 has found that 81 per cent of mobile industry executives believe that NFC will not emerge as a driver for mass adoption of mobile payment services for another two to five years. Less than ten per cent of delegates polled said they believed that NFC payments would become mainstream in the next year.

Swedish players band together in m-payments move

Sweden’s mobile operators are the latest carriers to band together and form a mobile payments joint venture. Investment amounts have not been revealed, but Telia, Tele2, Telenor and 3 will each own 25 per cent.

3UK claims m-commerce joint venture is anti-competitive

3UK claims the joint venture between Everything Everywhere, Vodafone and O2 is anti-competitive

3UK intends to make an initial complaint to antitrust authorities in the UK and Europe regarding the proposed joint venture between O2, Vodafone and Everything Everywhere. Back in June this year, the three operators announced plans to create a standalone m-commerce joint venture in the UK.

Isis in crisis?

Isis looks to have done a U-Turn on its relationship with card providers

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.

Ericsson may apply for European financial services licence

Ericsson aims to create a global ecosystem that make sending money person to person as simple as sending an SMS

Swedish vendor Ericsson, which recently announced its entry into the mobile financial services space with an enabling technology play, has not ruled out the possibility that it may apply for a licence to operate financial services itself. Currently Ericsson is working with an unnamed player in the financial space, and it is that player’s licence that enables the Ericsson white label offering. But Semir Majoub, president of Ericsson Mobile Money Services, told Telecoms.com that the company may yet look to apply for a licence of its own.

@telecoms