Mobile payments provider Powa Technologies has acquired Hong Kong-based MPayMe for US$75m and signed up Taiwan Mobile to offer its PowaTag mobile payments platform... More
Mobile payments provider Powa valued at over US$2.6bn
Archive for June 2014
BlackBerry wins NFC provisioning deal in Canada
Enstream, the NFC platform provider set up by Canadian carriers Bell, Rogers and Telus, has selected BlackBerry to provide it with a secure platform that financial institutions will be able to use to provision payment card data onto consumers’ NFC phones... More
Bendigo Bank launches QR code mobile payments in Australia
Australia’s Bendigo Bank has partnered with Samsung to rollout Redy, a mobile payments service that lets shoppers make payments and receive rewards by scanning a QR code generated by a merchant’s tablet-based POS terminal... More
EE takes NFC to Glastonbury
UK mobile network operator EE is working with the organisers of the Glastonbury Festival to make contactless payments available at 25 of the music event’s bars later this month... More
Alibaba launches mobile payments and services platform
Chinese ecommerce giant Alibaba has unveiled Mashang Tao, a new platform that lets brands and merchants create QR codes that can be used to make purchases in stores, online and from printed advertisements, as well as provide a range of value-added services to consumers... More
PrePay Solutions to offer HCE payments
PrePay Solutions (PPS), a prepaid card program manager jointly owned by MasterCard and Edenred, has partnered with NFC specialist Proxama to provide its clients the ability to offer host card emulation-based NFC services to their customers... More
True Mileage uses NFC to cut the cost of usage-based vehicle insurance
Insurance technology startup True Mileage is to begin pilot testing an NFC-enabled vehicle tracking device that “can save providers up to 50% over the cost of other usage-based devices in the industry”... More
Barclaycard to introduce contactless payment wristbands
Barclaycard is to make contactless payment wristbands available to anyone with a UK bank account or credit card next year... More
Charity raises funds via NFC wristbands
Special care baby charity Bliss is using NFC wristbands to make it easier for supporters to generate donations from people they meet... More
Nintendo unveils Amiibo NFC figures that work with multiple Wii U and 3DS games
Nintendo has unveiled a new product category called Amiibo at this year’s E3 digital event in Los Angeles... More
PayPal CEO joins Facebook as head of messaging products
PayPal CEO David Marcus is leaving the online payments provider at the end of June to take up a new role at Facebook, as vice president of messaging products — prompting speculation that he will oversee building ecommerce and payments capabilities into the social network... More
Toys ‘R’ Us reports on Isis transactions
Toy retailing giant Toys ‘R’ Us has revealed it has seen 23,000 individual transactions conducted using Isis in the three months since it began accepting the NFC payments service... More
iWatch to sell at US$300?
Apple will sell 21million units of its much anticipated iWatch in fiscal year 2015, at a cost of US$300 per unit, according to a research note by UBS analyst Steven Milunovich, AppleInsider reports... More
Dress shirt maker offers NFC bonus
Upmarket Swedish dress shirt maker Four Levent is using NFC tags built into its garments to reward clients for referring new customers to its website... More
Toronto restaurants offer mobile payments
Twenty upmarket restaurants in Toronto have signed up for mobile payments service Tab... More
Affirm updates credit scoring
PayPal co-founder Max Levchin has raised US$45m for Affirm, a startup that lets retailers offer a credit option to online shoppers... More
Windows Phone to get motion interface?
Microsoft is to add “Kinect-like features” to Windows Phone devices later this year, “sources familiar with Microsoft’s plans” have told The Verge... More
Just Eat adds NFC window stickers
Restaurants using UK online takeaway ordering service Just Eat are being provided with digital window stickers that promote the availability of the service... More
Aite reports on US migration to EMV
Some 70% of US credit cards and 41% of debit cards will be EMV enabled by the end of 2015, according to a new Aite Group report, but the majority will be contact cards rather than dual interface cards that also support contactless payments... More
OSPT updates Cipurse
Version 2, revision 2 of the Cipurse open ticketing standard has been published by the OSPT Alliance... More