Payment processor Visa has launched a mobile banking product to serve consumers in developing nations. The company said that its Prepaid Mobile offering will provide an open platform for existing mobile money systems.
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.
It’s hard to escape the mobile money land grab at the moment. In the last few weeks I’ve written the word ‘m-wallet’ more than ever before in such a short time. But while the players involved say there’s enough pie to go around, it might not be to everyone’s taste.
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.
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.
NTT DoCoMo, Japan’s leading cellular carrier, has teamed with Korea’s KT Corporation to develop cross-border near field communication (NFC) solutions that will work in both countries. The services, which will include mobile payment, mass-transit ticketing and promotional coupons, are due for launch in both markets from the end of 2012.
Malaysian mobile operator Maxis launched what it claims to be the world’s first commercial mobile payment system based on NFC (Near Field Communications) technology on Thursday.
US bank Wells Fargo and payments firm Visa USA are trialing a service that they say will finally ensure consumer mobile payments will become a mass market reality. Payments and banking are long time partners in one of mobile’s most enduring ‘will they, won they?’ romance stories. This is by no means the first time [...]
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