Visa and RBS have joined hands to launch V.me in the UK. While the initial testing is still going on, they expect to launch the service in spring 2013. To refresh your memory, V.me exited beta with 53 bank partners and 23 retail partners, certainly giving it some credibility and initial momentum to storm a soon-to-be saturated market.
Mobile payments booming this Thanksgiving; eBay, PayPal report massive growth over last year
According to eBay and PayPal (a subsidiary of eBay), Thanksgiving 2012 brought a 2.5-fold in the global volume of mobile transactions over the same day of 2011. Also, the number of customers that used tablets or smartphones to shop this Thanksgiving was 164% higher than last year.
Australia to get new contactless payment system through Vodafone Smart PASS and Visa
Vodafone Australia wants to give its subscribers a better shopping experience through Vodafone Smart PASS. The contact-less payment system is similar to Google Wallet's NFC-based service, although it is intended to be cross-platform, basically working on any NFC-equipped smartphone.
Square leads mobile payment processing business with $10B payments per year
Serial entrepreneur Jack Dorsey must have the magic touch. After leaving Twitter for another venture, the microblogging service's co-founder hit the jackpot anew, this time with mobile payment processor Square.
Walmart’s Head of Mobile doesn’t believe in NFC, says there’s no problem with using cash and plastic
Gibu Thomas, Senior Vice President of Mobile and Digital at Walmart, doesn't think mobile payments are going to be a big thing according to FierceWireless. He even went so far as to say that people are already used to paying for products with cash and credit cards, so what's the point of introducing a third payment method? Does this mean Walmart doesn't understand the future?
Mastercard, ING testing new mobile payments solution
With so many methods for mobile payments being put through the wringer, why not add another one? MasterCard and ING Group have introduced a new payment method that interweaves both mobile and internet payments. Sound confusing? We're just getting started.