eBay and wholly-owned subsidiary PayPal will officially split into two independent publicly traded companies in 2015, the company has confirmed. After a review of the company’s growth strategies and structure, the board of directors concluded the split will enable both companies to better position themselves to respond to competitive change.
Ericsson has announced its Wallet Platform has been deployed by Millicom-owned Tigo Senegal to offer financial services to customers across West Africa. Tigo Cash mobile services allow subscribers to make payments, store, transfer and withdraw money using a mobile device, even if the user doesn’t have access to traditional banking services.
Apple’s CEO Tim Cook has revealed one million credit cards were activated on Apple Pay in its first three days. So far, the US’ six biggest credit card issuers have signed up, with a reported 500 financial service providers joining early next year. Visa, MasterCard and American Express are among those already enabling the app.
Apple has been in a holding pattern for the past three years and has finally revealed a bunch of stuff it has been working on for a while. The two new phones feature the first major industrial design overhaul since the iPhone 4 and the Apple watch seems likely to significantly raise the bar in the wearables category. But the most significant announcement is probably Apple Pay, not just for Apple, but for the catalysing effect it could have on mobile commerce on the whole.
Multiple reports predict Apple will reveal partnerships with the major credit card providers as part of a new mobile wallet initiative that will be unveiled at the big annual iPhone launch, set for 9 September.
Analyst firm Juniper Research reckons more people will be using mobile apps for banking than web-based options by 2019, as the 800 million people who used their phones for banking more than doubles to 1.75 billion in five years.
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.
SIM card maker Giesecke & Devrient (G&D) has announced a mobile wallet solution. The solution, called SmartTrust Portigo allows users to make debit and credit card payments using their smartphones and also enables them to store ID cards, loyalty cards, public transport tickets, and access keys for buildings and vehicles in the electronic wallet.
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.
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 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.
The UK arm of France Telecom’s Orange has launched what it says is the first contactless mobile phone-based payment services, allowing customers to make purchases up to the value of £15. The service has been developed in conjunction with Barclaycard, and will use the credit card firm’s network of contactless readers, deployed in more than [...]