There will be more than 1.5billion mobile wallets in use around the world by 2018, according to a new forecast from Juniper Research, representing one in five handsets and up from one in 10 at the end of 2013. More
Deutsche Telekom’s MyWallet NFC platform is now available to customers of Slovak Telekom, a Slovakian carrier majority owned by Deutsche Telekom... More
PayPal Beacon, a mobile payment service that uses Bluetooth Low Energy (BLE) beacons to let shoppers make “hands free” payments, is now undergoing pilot testing in Palo Alto... More
Kenyan mobile network operator Safaricom has now signed up 122,000 merchants for Lipa na M-Pesa, a service launched in June 2013 that enables Kenyan consumers to use the funds stored in their M-Pesa mobile money account to pay for goods in stores. More
Mobile point-of-sale provider Square lost US$100m in 2013 but is making a 34% gross margin on its processing business, according to leaked internal documents seen by Fortune... More
The number of installed mobile point-of-sale devices is set to grow fivefold to reach 51m by 2019, or 46% of the overall POS market, ABI Research says... More
Google Play users in 12 countries can now charge the cost of their purchases to their PayPal account... More
The use of mobile point-of-sale solutions by small businesses in Europe will take off dramatically in 2014, according to a survey of 2,000 SMEs commissioned by Visa Europe... More
“Building a Foundation for Mobile Payment”, a white paper from Datacard, explains why banks and other card issuers must advance their mobile payments strategy quickly and demonstrates the benefits of taking a white-label approach to mobile payment platforms. More
TD Canada Trust, the retail banking arm of the Toronto-Dominion Bank, has become the first in Canada to offer an NFC mobile payment solution that is supported by the country’s three major wireless networks: Bell, Rogers and Telus. More
Isis saw its user adoption growth rate double last month and is now adding an average of 20,000 new users a day, Michael Abbott, CEO of the US carrier-led NFC venture, has revealed. More
Customers of Singapore’s OCBC Bank can now send up to S$100 a day to any of their Facebook friends from their phone, using a new Pay Anyone feature in the bank’s mobile app... More
Mobile point-of-sale specialist Square has introduced a new service that “turns the receipt into a conversation channel”. More
US mobile payments provider Square is pulling out of the consumer mobile wallet business and its Square Wallet app is no longer available to new customers to download... More
Banking and payments technology provider FIS has launched a cloud-based service that lets banks instantly issue EMV ‘chip and pin’ or magnetic stripe cards to customers in their branches... More
“Apple is likely to incorporate a near field communication (NFC) payment function in the next generation iPhone and has reached an agreement with China UnionPay on a mobile payment service,” investment newswire Brightwire reports, citing “a source close to the matter”. More
Apple is to equip US store staff with a new version of its EasyPay mPOS solution that replaces the existing iPod devices with an iPhone 5S, encased in a Verifone shell, that offers support for both EMV “chip and pin” cards and contactless payments, Forbes reports... More
Hungary’s OTP Bank has launched a mobile wallet that allows consumers to pay in stores by scanning a QR code placed next to the cash register. The new OTPay service can also be used to make online payments, by entering the shopper’s mobile phone number during checkout. More
Canadian payments and money transfer provider nTrust has begun piloting a new mobile payments service that uses Bluetooth Low Energy (BLE) beacons placed in stores to make wireless purchases. More
Retailer-owned mobile payments provider Yapital is to add “one click” purchases from printed advertising media to its app, enabling shoppers to order and pay for promoted products by scanning QR codes in merchants’ billboard and newspaper ads, flyers and shop window decals. More
