Photo messaging service Snapchat, which enables users to share pictures that’ll automatically delete after ten seconds, has launched a mobile money service in the USA.
Snapcash has been created in partnership with payment provider Square.
Ted Landphair of voanews.com writes:
A lot of people gave up carrying much cash a long time ago, since they knew ‘plastic’ - a credit or debit card, or a store or public transit ‘smart card’ - would be accepted just about everywhere.
But to hear tech companies tell it, plastic cards will be museum pieces as well before long.
Podcast - 15th August 2012
This week's edition of The Fonecast starts with news that Motorola Mobility is to lose around a fifth of its staff worldwide. There's also more reorganisation at Nokia, which is passing its Qt software business to Digia.
In addition we're talking about a new US partnership between Starbucks and Square, some good news for Research In Motion, a worrying report for Samsung and a major milestone for Shazam.
Coffee chain Starbucks has partnered with mobile payment company Square to introduce the ‘Pay with Square’ app at around 7.000 US Starbucks stores. In addition, Square will process Starbucks’ US credit and debit card transactions.
Starbucks is investing $25 million in Square with its chairman, Howard Schultz, joining Square’s Board of Directors.
What next for Nokia?
Mark Bridge writes:
Oh, how cheerful we were last Monday. Apple previewed iOS6, which will bring mobile tickets (and 200 other new features) to the iPhone and iPad this autumn. Vodafone cut the cost of using your phone in Europe with its flat-rate £3-per-day EuroTraveller deal and a few days later Three came up with its own ‘unlimited’ European data roaming.
Yet by the end of the week there were fewer smiles in the mobile industry.