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Payments lessons from the music industry
As Apple and the other handset giants turn their attention to financial services through the launch of their various ‘Pay’ solutions, will banks face a similar fate to that of the music industry, which Apple revolutionized with the iPod and iTunes? Are their business models under the same threat that labels and music distributors faced [...]
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Peruvian banks and telcos launch domestic mobile money network
Peru has launched a domestic mobile money network, with the aim of drawing five million of the country’s unbanked into the formal banking system. Dubbed ‘BIM’, the low-tech mobile money programme has been launched by Peru Digital Payments, a $10 million special-purpose company created by 34 of the country’s leading banks, with the support of major [...]
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Curve launch mobile payments app
Curve, a London-based startup, allows people to combine an unlimited number of bank cards into one physical payment card, accepted everywhere MasterCard cards work. It is supported by a mobile app that gives people a clearer picture of their payments. This includes services such as the ability to see all transactions in one place – [...]
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NTT DOCOMO launch DOCOMO Digital to drive mobile commerce
Japan’s largest mobile network operator, NTT DOCOMO, has set up DOCOMO Digital in London as a new global business operation to advanced the mobile commerce ecosystem and encourage financial inclusion for citizens worldwide by bringing together mobile network operators, digital and real-world merchants, financial services providers, regulators and other parties to make consumer transactions convenient, [...]
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World Class Payments: How UK payment habits compare internationally
Payments UK, the trade association for the payments industry, has published a second report in its World Class Payments series, titled: ‘How consumers around the world make payments’. The report provides an overview of how different payment methods are used in various countries in Europe and around the world. It highlights some of the key [...]
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