Clip raises $1.5m to become Mexico’s Square
The Mexican-based mobile point-of-sale system Clip has secured $1.5m in funding and is now targeting the Spanish-speaking world with…
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Sandra Kilhof
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AmEx and Groupon invest in SumUp
American Express and US-based coupon company, Groupon, have invested a 'double-digit million euro' sum into mobile point-of-sale outfit SumUp.
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Authorities shut down digital money service Liberty Reserve
Liberty Reserve, a Costa Rican-based digital currency service, was shut down on May 23, after the founder Arthur Budovsky…
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Samsung Wallet rolls-out in Korea and launches beta in the US
Mobile company Samsung has launched its mobile wallet for android phones, Samsung Wallet, with an initial rollout in Korea.
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CGI: Corporates are not prioritising SEPA compliance
Corporates are showing a worrying lack of readiness to the looming SEPA end date of 1 February 2014, according…
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SEPA: German banks to adopt EBA Clearing’s infrastructure
Seven major German banks are to adopt EBA Clearing's pan-European payment infrastructure for mass payments, Step2, in order to…
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BBM Money enjoys early success in Indonesia
The Indonesian mobile money service conducted through BlackBerry Messenger (BBM Money), has become a popular option, attracting more than…
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Brazil to allow commercial m-payments
The Brazilian government plans to allow consumers to pay for goods and services with mobile devices in a move…
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US regulators eyeing Bitcoin
Senior officials at the US financial regulator, the Commodity Futures Trading Commission, are considering regulating the virtual currency Bitcoin.
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Tanzania’s M-Pesa reaches 5m subscribers
The number of people signed up to M-Pesa in Tanzania has reached five million, according to Vodacom Tanzania.
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Google launches NFC payment BebaPay in Kenya
Tech giant Google has teamed up with East Africa's largest bank by assets, Equity Bank, to launch BebaPay, a…
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Contactless & mobile payments debut in Iceland
The international issuing and acquiring service Valitor, has launched contactless and mobile payments in Iceland together with the European…
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New partnership pushes for iPad POS solution in Europe
Mobile payments start-up SumUp has partnered with Revel Systems, a maker of iPad POS software, to expand retail payments…
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Indian government promotes e-payments for financial inclusion
In an effort to push India's cash-based economy towards electronic payment systems, the Indian government and private investors are…
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New Google Wallet update addresses privacy issue
A new update for Google's mobile and online wallet is set to remove personally identifiable information from transactions.
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China will launch mobile payment standard in 2013
Chai Hongfeng, executive VP of the banking network China UnionPay has announced that a specification for a Chinese mobile…
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Thai banks pushing for MPOS technology
In a move to expand mobile payments in Thailand, Krungsri Bank and Kasikornbank are aggressively promoting mobile point of…
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Fiserv launches real time P2P payments
Global financial services provider, Fiserv, has launched Popmoney Instant Payments which allows consumers to send and receive money instantly.
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Bitcoins accepted at online retailers for the first time
The first online retailers have begun accepting the digital currency Bitcoin as one of their acceptable forms of payment.…
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PayPal launched in Egypt and Lebanon
The electronic payment giant PayPal has now launched its services in Egypt and Lebanon. PayPal said it aims to…
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Vodafone plans to launch M-Pesa in Myanmar
Vodafone hopes to bring the M-Pesa mobile payments technology to Myanmar if it wins a bid to operate a…
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Coca Cola installs NFC in vending machines
With a move to install NFC in all their vending machines, Coca Cola is the latest big brand to…
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Kenyan government to investigate M-Pesa transactions above $3,500
The Kenyan Central Bank (CBK) will start investigating all mobile money transfers above KES300,000 ($3,500) a week, in a…
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Alipay launches sound wave m-payments
Alipay has launched a payment system in the Beijing subway that uses sound waves to connect smartphones with ticketing…
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Fiserv launches merchant payments solution
A new service from Fiserv Inc. goes head to head with the merchant processing solution Square, in a bid…
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Cyprus gets worlds first Bitcoin ATM
Banks in Cyprus have been closed for a week, and as a result payments firms are moving in. Financial…
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ECB warns against risks of late migration to SEPA
A report on the migration towards SEPA shows that many companies have adopted late deadlines for implementation, says The…
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Ding Ding Coupon launches device for mobile coupon validation
Ding Ding Coupon, China's largest mobile coupon application service, has launched its wireless Smart Reader system. The Smart Reader…
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PayPal partners with Brazilian telco Vivo
Security provider Giesecke & Devrient and PayPal have partnered to provide customers of Brazilian telco Vivo with a m-payment…
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iZettle & RatedPeople.com join forces
Sweden-headquartered iZettle has signed an agreement with online trade recommendation service RatedPeople.com to enable 30,000 registered tradesmen to accept…
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M-Pesa transfers decrease as new tariffs sink in
Mobile money transactions are growing in Kenya, but a recent increase in tariffs had a negative impact on the…
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MyBank goes live
EBA Clearing launched MyBank on March 25 after 28 individual banks agreed to roll out the new online payments…
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US: Web money subject to new laundering rules
The US is applying money-laundering rules to virtual currencies, amid growing concern that online cash is being used to…
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Western Union launches global platform for shared-value solutions
Western Union Stored-Value division has launched its Global Share Platform, aimed to extend its global reach through partnerships with…
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