Paym is the name of the scheme launched by the Payments Council to link all UK phone numbers to bank accounts. Essentially, lots of banks – notably Barclays with Pingit – now let users assign their account details to their phone numbers inside an app. This means they can pay another person without ever needing … Read more
According to the IMRG Capgemini Quarterly Benchmarking survey, £62.4 billion was spent at online retail sites. Not surprisingly, a significant wedge came from phones and tablets. Between Q1 and Q4 2012, sales via mobile devices went from 8.2 per cent to 15.4 per cent. They were four per cent in 2011. “While we are starting … Read more
Hello lovely reader – and thanks for clicking through to Mobile Money Revolution. The fact that you’re here proves that you are highly intelligent and attractive, and also that you’re searching for information on the mobile money space. And so you should be. Why? Because the world is on the brink of a huge transformation … Read more
This Christmas shopping season will be all about consumer adoption of mobile and tablet devices. While the proportion of consumers actually using a mobile to make a purchase remains a minority — just 28 per cent of US and 25 per cent of UK respondents said they have done so in our 2012 survey — this group … Read more
How to save the British high street? It’s a question that gets asked more and more as towns and cities fill up with charity shops, supermarkets and boarded up units. eCommerce is considered the main villain here. But maybe it’s the saviour. eBay thinks so. It wants to make online commerce complementary to the physical … Read more
Customers can now purchase and then display rail tickets and passes using the The Massachusetts Bay Transportation Authority’s mTicket app for iPhone and Android (Blackberry coming soon). The tickets are displayed as an encrypted barcode and as a ‘human readable’ ticket. They can buy the tickets with their phones too, via credit or debit card, … Read more
New data from Central Bank of Kenya showed M-Pesa spend from Jan to Nov 2014 hit 22.4 billion. The bank reckons the 2014 total was $26bn. The total includes paying for hotel and electricity bills, buying fuel, shopping in supermarkets, paying rent and school fees, besides sending and receiving money. Actually, the Nov figure of $2.25bn was … Read more
Yesterday, O2 confirmed that it was closing O2 Wallet. The few who remembered the service weren’t surprised. I’d heard many whispers that virtually no one was using it. And O2 itself barely ever mentioned it, never mind marketed it. How times change. When O2 launched its wallet in April 2012, it was big news. Lots … Read more
Bluesnap has been around a while and already has 5000 merchants on its books, supporting shoppers in 180 countries via 60 currencies and 110 payment types Now, it’s taking its message directly to European stores. And what is it selling? Well, its tech powers the checkout process via four key components: integration into the storefront, … Read more
BillingTree’s service gives lenders the ability to manage the complex web of payments involved in car financing. Loans, leases, upsells, promos etc. It’s in everyone’s interest to make these payments simple and fast for punters, and easy to manage at the back end. So BillingTree brought in MPayMe and its Znap barcode system. This lets … Read more