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Austria roll-out nationwide NFC mobile payment app scheme
Mobile Maestro (called Bankomatkarte Mobil), an NFC mobile payment app enabled by Payment Services Austria (PSA) and supported by Austria Card, has launched. Following a successful field trial in Linz (Upper Austria), Maestro cardholders in Austria are able to make payments just by waving their mobile devices in front of a contactless payment terminal. Konstantinos Lagios, [...]
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Interoperable P2P mobile payments in Europe
Splitting a bill with friends at a restaurant, paying back half of a household bill to your partner, urgently sending money to your child studying in another European country…These are just some of the examples of the convenient uses of P2P mobile payments. P2P mobile payments, which are transactions on a mobile device between two individuals, [...]
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Samsung Pay records $16.8m loss
Samsung Pay has reported a loss of $16.8m (£11.8m) until now. Samsung Electronics reports that it views the platform as an investment for the future that will strengthen the competitive edge for Galaxy smartphones and was expecting the loss. “Samsung’s pragmatism does not stop on just simply selling one-time hardware, but it is going to actively push [...]
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The battle for Pay supremacy continues
Tim Cook, CEO of Apple, said that 2015 would be the year of Apple Pay. As it turned out, 2015 was the year of mobile payments initiatives generally as technology companies, retailers and banks all jostled to bring in-store mobile payments to the masses. Handset manufacturers have head-start Apple Pay launched in the US in [...]
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Megafon quits mobile payment platform
Megafon, the Russian mobile operator, has reportedly shut down its mobile payment platform ‘Megafon Money.’ According to ewdn.com, this service will be replaced by Visa Qiwi Wallet which is the electronic wallet offered by payment operator Qiwi in partnership with Visa. In early 2015, Megafon subscribers got the possibility to connect their mobile account with [...]
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