PayPal and Deutsche Telekom have announced a direct carrier billing relationship, which enables Deutsche Telekom users to make purchases directly to their mobile phone account. Now a part of PayPal’s carrier payment network, Deutsche Telekom and PayPal will help to extend carrier payments across Europe and will provide an opportunity for both companies to reach
MasterCard has announced a collaboration between Deutsche Telekom, Telefónica Deutschland, Vodafone and TREVICA (a MasterCard owned company) to create a new mobile platform and accelerate the development of mobile payments in Germany. The three mobile operators represent 80% of mobile customers in Germany, which means that banks and financial institutions can hugely accelerate their ability
Why are retailers (or for that matter banks and telecoms service providers) not making an absolute killing in the mobile payment space? Most importantly, why are retailers missing out on potential new revenue streams? Even in an emerging market like South Africa, where mobile penetration is estimated to be around 128%, only nine percent of
Tigo, a subsidiary of Millicom, has announced the launch of a cross-border mobile money remittance service between Tanzania and Rwanda, allowing its subscribers to send money from one country to another via their Tigo mobile money accounts. The system integrates currency conversion, whereby money is sent in either Tanzanian shillings or Rwandan francs and delivered
MasterCard and PRIME Research have released the second annual global MasterCard Mobile Payments Study, which tracked more than 13 million social media comments across Twitter, Facebook, online blogs and forums around the world. The study shows improved sentiment toward mobile payments and rapid growth in consumer use and merchant acceptance. Merchants carry an 88 percent
MasterCard has announced it has entered into an agreement to acquire C-SAM, Inc. (“C-SAM”) a provider of mobile wallet and on-device software and services. In acquiring C-SAM, MasterCard will speed the development and deployment of mobile wallets and payment solutions globally, including the rollout of its MasterPass™ digital service. Today’s announcement builds upon a global
MasterCard has announced MasterPass in-app payments, enabling consumers to make secure purchases within a mobile app. MasterPass in-app payments eliminate the need to store payment card credentials across numerous mobile apps, providing consumers with a fast and simple payment experience. Forbes Digital Commerce, Fat Zebra, MLB Advanced Media, NoQ, Starbucks Australia and Shaw Theatres Singapore
Centenary Bank and UMEME Limited today announced a partnership which will enable subscribers to the bank’s CenteMobile banking platform prepay their power bills instantly using their mobile phones and without any charges levied. Speaking about the partnership, Fabian Kasi, the Centenary Bank Managing Director commended UMEME Limited for complementing the Bank’s strategy of using technology
Loop, a smartphone-enabled commerce solution accepted at virtually every retail point-of-sale terminal, has announced the release of its LoopWallet app to U.S. consumers, making them the first in the world to rely on mobile devices as their primary method of payment instead of cards or cash. The LoopWallet app is now available at the Apple
Visa has announced it is offering clients new options to securely deploy mobile payment programs, including for the first time an option to host Visa payWave-enabled accounts in a secure, virtual cloud. The move expands Visa’s support for mobile payments globally and will give financial institutions greater choice in offering consumers secure ways to pay
