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Yaap P2P payments via mobile ‘Money’ app
Yaap, the joint-venture between CaixaBank, Banco Santander and Telefónica, has releases Yaap money – a mobile app that facilitates the secure transfer of P2P payments instantaneously between users’ mobile phones. In order to send and receive money, users of the app will not need to know bank details – just the mobile number, Facebook username [...]
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Amazon kills P2P payments service
Amazon shut down its WebPay service, saying that the P2P money transfer service is not good enough to keep going. For several years, WebPay has let Amazon Payments users send, receive, and request money by entering a contact’s email address and the sum on a webpage. But with Google, Square and PayPal among the big [...]
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Mobile commerce worth $516 billion by 2017
Mobile commerce will drive an estimated $516 billion in sales over the next three years, accounting for more than 70% of all mobile Internet revenue. That is the prediction of a new report from research firm Digi-Capital, which says that all mobile Internet revenue will top $700 billion annually by 2017. The absolute top driver in this [...]
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Apple Pay explained
A nice, neat explanation of the salient points of Apple Pay: User: iTunes account with Visa or MasterCard or Amex card on file and issued by the most popular banks, American Express, Bank of America, Capital One Bank, Chase, Citi and Wells Fargo at availability with additional banks coming quickly thereafter including Barclaycard, Navy Federal [...]
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Has Apple underwhelmed with Apple Pay?
The concept of mobile payments, mobile money, and mobile wallets has been around for some time and many major companies have had a go at it. Some progress has been made but with so many stakeholders needing to collaborate in order to provide a coherent, comprehensive useful mobile wallet ecosystem, a strong catalyst has been [...]
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