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mPOS player Square raises $150 million funding
mPOS player Square has raised $150 million in a funding round, led by the Government of Singapore Investment Corporation. The funding round values Square at $6 billion. Existing investors Goldman Sachs and Rizvi Traverse Management participated in the round. The new funding round comes amid a frenzy of activity in the mPOS space, following launches [...]
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Major European MNO’s extend carrier billing via e-money partnership
Boku, having secured a European e-money license, is partnering with three of the UK’s leading wireless operators to expand carrier billing capabilities into the fully-regulated mobile payments market. Boku is partnering with O2, EE, and Vodafone in the UK to extend its carrier billing platform to cover payments for physical goods and services. The firm [...]
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World Payments Report 2014
Non-cash payments volumes are expected to grow 9.4% to reach 366 billion transactions in 20131, fueled by strong growth in developing markets and the use of credit (up 9.9%) and debit cards (up 13.4%[1]). With the continued acceleration of electronic and mobile payments growth and ongoing regulatory pressures, the payments industry is seeking to find [...]
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Mobile devices increasing opportunity for payment fraud
As more consumers and employees use their smartphones and tablets, the risk of payment fraud stemming from those devices increase for small- and medium-sized businesses, warns a new report from Javelin Strategy & Research. The report offers a wide-ranging view of fraud threats faced not only by businesses but also financial institutions, which are advised [...]
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Samsung Smartwatch to use PayPal mobile payments
Samsung says it will partner with PayPal to offer mobile payments in the next edition of its Galaxy Gear smartwatch. The Korean manufacturer appears to be following in the footsteps of its great rival Apple, which earlier this month announced that its upcoming Apple Watch would support similar technology, allowing customers to make quick payments using their device. [...]
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