Tag Archive
Indian Bank Partners with PayMate for Mobile Payment
Lakshmi Vilas Bank , one of South India’s premier private banks, has tied up with PayMate, India’s leading mobile commerce company, to provide mobile payment solutions to its customers across 250 branches in India. With this partnership, LVB will be joining a select group of large public sector as well as private & MNC banks... »
Standalone Systems Blocking the Way for Mobile Payment
Take-up of mobile payments is being held back by the lack of interoperability between banking systems in Europe, analysts believe. While traditional online banking has achieved a degree of popularity - some 30 per cent of the UK population is thought to use it - mobile banking has to date received a somewhat lukewarm reception... »
Netsize Launches Smart Application Billing Mobile Payment solution
Mobile commerce and communications enabler Netsize announced the introduction of Smart Application Billing, a global solution enabling mobile application storefronts to use operator-based mobile payment billing to charge for app downloads and usage. In addition, the solution offers billing within the app itself. According to Netsize, Smart Application Billing combines direct operator billing, SMS... »
Western Union Partners with Sybase for Global Mobile Payments
Western Union has just introduced a partner program with the goal of extablishing a global network for mobile payments and mobile money transfers, through a network of partners, each dedicated to their niches and markets. Everybody needs some money sometimes. That is precisely why money-transfer giant Western Union Co. has launched its Digital Vendor Program. The... »
MoBank Launches Mobile Banking Service for iPhone
So here is a bit of old news, however highly relevant when looking at some of the other mobile banking / mobile payment services we have been posting about recently. MoBank is one of a huge number of new m-finance / mobile payment services. Launched early in July, this service connects directly to one of... »
TrustCash Launches Mobile Payment Service
US online payment services provider TrustCash plans to enter the mobile payments market. The company seeks to partner with key industry players and consultants, appoint an expert team and start providing mobile payments services. Trustcash currently develops a technology platform designed to enable customers to make anonymous mobile payment purchases online without using a... »
Ten Top Mobile Payment Companies
So I discovered this brilliant article covering some of the major mobile payment players currently leading in their respective payment sub-genres. If you have more companies that would fit in this list, we would love to hear from you at vasreport@vasreport.com Mobile banking is becoming increasingly popular but there are still only a handful of... »
Pre-Paid Payment Cards for Mobile Payment: NatWest
An interesting new take on a mobile payment solution which is easy to implement and has a low launch threshold is the following one, which has just seen the light of day: NatWest is launching two pre-paid cards that can be topped up from mobile phones in partnership with O2. The cards under the “O2 Money”... »
Mobile Payments: Will That be Cash, Check Or Cell Phone
The following is a very interesting article from www.creditcards.com covering the global perspective of mobile payments. Comments on this is high appreciated: While on a trip to South Korea, Chen, a 24-year-old graphic designer from Sacramento, Calif., noticed how people whipped out cell phones when it came time to pay. One of her friends had... »
Mobile Financial Services Report Released: comScore
comScore has just announced the release of what may just be the first scientific study of mobile financial services and the mobile payments environment. The report is called “Mobile Financial Services: The Market Today & Opportunities for Tomorrow” and provides a look at the current state of the industry and mobile financial/mobile payment users, and... »
Africa Looking for Open Mobile Payment Platform
Africa, host to 14.8% of the human population, has more than a billion mouths to feed. In a continent with countries on many different levels of development stages and wealth distribution, logistics of cash, goods and food is a huge issue. David Reynders, MD of Pocit, suggests a common, open mobile payment platform as... »
VISA Launches Mobile Payment Network
Now, this one is new. After announcing last week that they are launching Moile Payment Services in Peru, VISA has signed $16 million a deal with Monitise to develop a global mobile payment network. The system will enable mobile phone users to securely pay with Visa’s remotely. The credit giant has taken a 14.4 % stake... »
Citi Launches NFC Mobile Payment Service In India
Just back from holidays, VASreport.com is back with this highly interesting mobile payment news from the banking world: Citi today announced the launch of Citi Tap and Pay in the city of Bengaluru, thus bringing to India next-generation contactless credit card payments based on Near Field Communications technology. The launch of the Citi Tap and... »
VISA Launches Mobile Payment Service in Peru
VISA, the world’s leading credit and debit card company, has just tied up with Telefonica and Visanet Peru to provide mobile payment services in the South American country. The services will initially enable Telefonica users possessing a debit or credit card from Visa to initiate a purchase transaction with their mobile phone, through the... »
What’s happening? Mobile payment startups exploding
Today, another mobile payment company, Swedish Accumulate announced that it has received a first round of capital (amount undisclosed). Yesterday it was oneTXT who announced their seed capital round. The capital, Accumulate says, will be used to further develop Flexion and Mobile Everywhere, its two technology products, as well as marketing them to new territories.... »