Mobile Payments RSS

Calpian has announced that for the month ending August 31, 2014, its Mumbai-based subsidiary Money-On-Mobile has been accessed by more than 103 million cumulative unique users since its inception with a total of 7.7 million users accessing the service in August. Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their [...]

The post Money-On-Mobile surpasses 100 Million unique users in India appeared first on Payments Cards & Mobile.

A top executive at American Express has acknowledged that the firm’s efforts to engage consumers with mobile payments have so far been a failure – however, as PCM notes, they are certainly not the only big player who has struggled. On the eve of Apple’s unveiling of its new iPhone-based payment system, Josh Silverman, Amex’s [...]

The post Amex struggles with mobile payments appeared first on Payments Cards & Mobile.

Vodafone, in partnership with Visa, is developing a new mobile payments system that will allow users to complete contactless payment via NFC enabled SIM cards. Vodafone and Visa have previously partnered on similar services in Italy, Spain, the Netherlands and Germany. Vodafone is planning a consumer launch of the service in early 2015, but will [...]

The post Vodafone launches mobile payments with Visa in UK appeared first on Payments Cards & Mobile.

Ahead of the launch of the iPhone 6 next week, tech giant Apple has reportedly negotiated deals with several US issuers to give Apple back a portion of card-present interchange fees, around 15 to 25 basis points, on each transaction. The issuers have also agreed to extend card-present rates to Apple for all transactions involving [...]

The post Apple agrees interchange fee rebates for m-payments appeared first on Payments Cards & Mobile.

Barclaycard and mobile network operator Orange are to close their Quick Tap NFC mobile payment service at the end of October. Quick Tap was launched in 2011 and was one of the first NFC mobile payment services in the UK. According to Barclaycard, the company will now focus on developing other services related to mobile [...]

The post Barclaycard and Orange shut down Quick Tap NFC service appeared first on Payments Cards & Mobile.