Last week, three of the UK’s four mobile network operators announced a mobile marketing and payments joint venture. The venture is subject to regulatory approval, and is summarised in the press release as: Creation of a single ecosystem for m-commerce helping advertisers, retailers and banks to reach consumers through their mobile phones Consumers will be …
This week Visa Inc added significant incremental mobile payment and banking capabilities – acquiring Fundamo, a mobile money transfer software company and announcing a five year deal with Monitise. The Fundamo deal is designed to bolster Visa’s position in developing markets where the mobile operators are increasingly able to leverage the lack of a traditional banking infrastructure and their …
Mobile banking and payment is a recurrent theme for this blog. I have previously posted on rumours that the iPhone 5 might contain NFC technology, and mused on the possibilities unlocked by the integration of mobile payments with location-based offers and services. This week sees both the publication of the (Monitise sponsored) Future Foundation’s research on emerging trends in …
I’m chairing a session this afternoon on Mobile Money at the Digital Money Forum 2011. Should be interesting with the speakers being: Mark Hartley, American Express John Conlon, Barclaycard Elisabeth Berthe, Grameen Foundation The current session is looking at the way that cash is being replaced in different jurisdictions. Richard Johnson from Monitise is chairing …
My eye was caught today by a story on TechCrunch (an excellent blog BTW) that Apple may incorporate near field communications technology (NFC) into its next generation of devices, thereby enabling ‘real’ payments on the move. For those confused as to the difference between mobile payment for real and virtual goods the easiest way to think about it is to think …