VisaRSS

US mobile payment firm LoopPay wins Visa funding

LoopPay uses innovative MTS technology

Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.

Orange and Visa team up on NFC payments in France

Orange has launched Orange Cash and announced a strategic partnership with Visa

French operator group Orange has formed a strategic partnership with payment provider Visa to accelerate awareness and everyday usage of contactless payment technology in France. The operator has also launched a mobile prepayment solution called Orange Cash in the country.

Indian bank ICICI launches mobile payment

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.

Immediate mobile payments come to Europe, M-Pesa to India

Visa Personal Payments users can now make mobile payments across the region immediately, using any European currency. In India, popular money transfer and payment service M-Pesa has now been fully launched.

Payment processing firm Visa Europe has introduced a service allowing consumers to make mobile payments across the region immediately and using any European currency. Meanwhile in India, popular money transfer and payment service M-Pesa has now been fully launched.

iZettle launches in Germany

iZettle launches in Germany

Swedish firm iZettle has launched its mobile payment card reader service in Germany. The payment solutions provider has teamed up with financial institutions DZ Bank and Deutsche Telekom to provide small businesses with the ability to accept payments via Android and iOS smartphones.

Understanding local vernacular key to success of mobile money

Understanding the local vernacular in emerging markets is key to the success of mobile money services, according to Visa

Financial services firm Visa has carried out a study of the mobile money deployments in six emerging markets to find out how providers can generate high registration rates as well as high active usage in their target markets. The study found that the key barrier facing mobile money providers is their ability to understand the local vernacular to market their services effectively.

Mobile technology “must provide benefit”, says VISA Europe

The mobile wallet is gaining ground in Italy

Mobile banking solutions must provide immediate benefits if they are to become successful – including the ability to complete a purchase in one click, support for contactless payment, and the ability to make small payments, according to senior market participants at the SIA Expo in Milan last week.

Google moves Wallet to cloud, adds more cards to offering

Google moves its Wallet service to the cloud and facilitates more card providers

In an attempt to ignite take up of its m-wallet offering, Google has launched a cloud-based version of its wallet for its US users. As a result, users can now add Visa, American Express and Discover credit and debit cards, as well as MasterCard, to their wallet.

iZettle forced to stop processing Visa payments in three European markets

iZettle turns smartphones into payment card readers

Mobile payment firm iZettle has been forced to stop processing Visa card transactions in three European markets. The firm provides apps and hardware to transform iOS and Android devices into payment card readers, using a small hardware unit.

Visa wins m-payment backing from Telefonica

Telefónica Digital and Visa Europe have agreed a wide ranging strategic partnership to drive new business opportunities

Financial services firm Visa continued its expansion into the mobile payments space by announcing a preferential partnership with Telefónica in Europe.

Mobile Money turns 10

Mobile money has helped provide banking services to those that previously had no access to them, for ten years

The mobile financial services community is celebrating the tenth anniversary of mobile money. The first ever mobile financial service was launched in Zambia in 2002. It was launched by Celpay, and powered by Visa-owned Fundamo. The service was the first in a movement that has fundamentally transformed the way unbanked and under-banked people in developing nations use financial services.

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.

Credit Card Bill

Bill Gajda, Visa's head of mobile

Financial institutions like Visa have spent the last 20 years laying the rails for international payment systems. Visa is now leveraging those frameworks to mobilise the commerce experience.

Visa taps in to mobile payments platform

The Mobile Money Network (MMN) is a JV between Monitise, Best Buy Europe and Carphone Warehouse and Visa Europe

Financial services provider Visa Europe said Wednesday that it intends to take a 15 per cent stake in the Mobile Money Network (MMN) – a joint venture between Monitise, Best Buy Europe and Carphone Warehouse, and telecoms entrepreneur Charles Dunstone (as a private investor).

Orange offers Visa mobile prepaid accounts in Africa

Airtel plans to expand in Africa

The carrier is offering Orange Money subscribers in the region applications such as person to person transfers, bill payments, and agent-based cash-in and cash-out services for loading or withdrawing funds.

Visa launches mobile payment services

Visa launches new mobile services

Payment provider Visa has announced the launch of launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices.

Visa launches open platform for mobile money

Visa has launched an 'open loop' mobile money product

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.

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.

Digital money society

What's your wallet in?

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.

O2 UK announces mobile payment partners

O2UK will be launching its new m-payment service in the second half of 2011

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.

@telecoms