MoneyRSS

Swedish players band together in m-payments move

Doubling the broadband speed for an economy increases GDP by about 0.3 per cent

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.

It’s all about the money, money, money

AWIW467

Cost of living through an economic slump? Ridiculously high. Getting consumers to part with their hard earned cash with nothing but a wave of the phone? Priceless. You can almost hear the *tap; kerchings* echoing throughout the industry as our plump but ever hungry financial institutions and payment providers continue their foray into the mobile market.

Visa invests in m-payments platform

Visa is focusing on an m-payment strategy

Financial services provider Visa Europe has invested £24.7m in mobile payments platform Monitise, giving the latter a greater European presence. Monitise is also consolidating its position in the US by buying out its partner in its US operation.