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The Danish government, as part of a pre-election package of economic measures put forward by the government, has proposed getting rid of the obligation for selected retailers to accept payment in cash, moving the country closer to a cashless economy. Nearly a third of the Danish population uses MobilePay, a smartphone application for transferring money [...]

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Half of European adults with access to a mobile device such as a smart phone or tablet computer expect to use mobile payment apps over the next 12 months, according to an international study of more than 14,000 consumers. While one third (33%) of Europeans have already used a mobile payment app, which allows the [...]

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The mobile money sector is one of the most fluid in the whole of the mobile ecosystem, with more players entering and exiting, new tech and services being launched or trialled. Here’s MEF’s quarterly update on the key players in the landscape. Defined by our Global Working Group it categories the ecosystem into in-store payments, [...]

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Some of New Zealand’s biggest banks and telcos have joined forces to launch Semble, a SIM-based NFC mobile payments service. Telcos Vodafone, 2degrees, Telecom teamed up with bank-owned payments network Paymark on the joint venture nearly three years ago, promising to enable New Zealanders to make secure payments, collect loyalty points and use public transport [...]

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The Payment Systems Regulator, which launched on Wednesday, will open up access of the infrastructure underpinning financial transactions, from mobile payments to house purchases. The largest lenders, such as Lloyds, Royal Bank of Scotland, Barclays and HSBC, own and control the main systems, such as Faster Payments, which are used to make money transfers. Hannah [...]

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