India’s ICICI Bank is to launch a mobile payments service built by Movida, the Indian joint venture between Visa and mobile money specialist firm Monetise, that will draw on the potential to reach unbanked customers in the country.
According to research by IDC, 1.5 billion smartphones will be in use globally by 2017 and consumers will be doing more than ever on them. As a result, more businesses recognise the importance of delivering quick and seamless mobile payment capabilities to cater to consumers who demand the ability to transact when, where and how they choose.
Group Head, Emerging Payments, APMEA, Mastercard: “For remote payments…LTE will absolutely play a key role”
Philip Yen, Group Head, Emerging Payments, APMEA, Mastercard is speaking on Day Two of the LTE Asia conference taking place on the 18th-19th September 2013 at the Suntec, Singapore. Ahead of the show we speak to him about the challenges of creating a mobile payments eco-system.
Apple has agreed to acquire fingerprint security firm AuthenTec in a deal worth around $356m. AuthenTec’s fingerprint technology has been used in mobile phones in Japan for authentication of mobile payments, and Apple is expected to bring those services to more markets.
Mobile Communications International April 2012 Click to launch the full edition in a new window Alternatively click here to download a copy of the Mobile Communications International April edition in PDF format.
UK mobile payment technology and services provider Monitise has announced plans to acquire US based counterpart Clairmail, in a bid to create the “world’s largest pure-play mobile money company”. Monitise will pay a sum of $173m for the acquisition, which is conditional upon US regulatory and shareholder approvals, and the firm expects the acquisition to be completed before the end of the financial year 2012.
Telefónica Digital, the cross sector services arm of the international operator created in September last year, has announced a strategic partnership with mobile commerce provider Sybase 365. The deal will see the two firms collaborating on Telefónica’s m-wallet proposition, which will include a range of mobile financial services.
eBay is launching a host of in-store payment processing services for retailers, via PayPal, over the coming months. The services do not rely on the use of near-field communications (NFC) or credit or debit cards.
UK carrier O2 has announced the companies it will be partnering with to deploy its mobile wallet service in the second half of 2011. O2, the UK arm of Spanish incumbent Telefónica, said it would be working with Wave Crest, FIS, Intelligent Environments and Visa Europe.
Mobile payment and payment gateway platform developer Charge Anywhere, has unveiled an Android app that will allow businesses to process credit and debit cards using only a handset. The application turns Google’s Nexus-S smartphone into an NFC payment acceptance terminal.
Vodafone, Orange, O2 and T-Mobile have announced their intention to launch NFC mobile payment services in the UK by 2012. Near-field communications (NFC) has been building a head of steam in recent months, with the likes of Google, RIM and Visa announcing their support.
Mobile money transfer and NFC (Near Field Communications) transactions are predicted to account for 50 per cent of the global mobile payment market by 2013. Industry analyst Juniper Research said this week that while the mobile payments market is currently dominated by purchases of digital content such as ringtones, music and games, it will in [...]
The gross transaction value of mobile payments for digital goods, such as music and games, and physical goods, such as books, is forecast to exceed $300bn worldwide by 2013. The figures, released by analyst house Juniper Research on Tuesday, found that there is a significant and immediate opportunity for mobile payment services, systems, software and [...]
Mobile payments could change the way the world spends money
Issue 145 November 2007
Location Based Services: Nokia’s acquistion of Navteq caused a stir in the LBS world. But success stories remain elusive
Vitalis Olunga: The head of GSM Africa speaks to MCI ahead of the AfricaCom event