The number of contactless transactions via mobile handsets is forecast to exceed 9.9 billion globally by 2018, up from just over 3 billion this year. That’s according to a new report from Juniper Research.
Two factors are expected to boost this growth: HCE (Host Card Emulation) and an Apple iWallet
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Payments Council confirms its mobile payments service will be called Paym
A new industry-wide mobile payment service says its final testing is on track and it’ll announce a launch date next month.
Once the Paym service is launched, consumers will be able to transfer money to someone else’s bank account by using their mobile phone number instead of a sort code and account number.
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Podcast - 5th March 2014
This week's programme begins with some of the biggest news stories that came out of Mobile World Congress.
Iain, James and Mark then move on to the other headlines from the past few days, including Boeing's secret agent smartphone, Apple's plans for mobile in-car entertainment, a new structure for Telefonica and new technology for mobile payments.
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Are you ready?
Mark Bridge writes:
Some companies have saved their big announcements for the week of Mobile World Congress. Samsung and Nokia, for example. Others have issued a press release in advance.
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Both Visa and MasterCard have made separate announcements about taking advantage of Host Card Emulation (HCE) within the Android operating system to offer more mobile payment options.
HCE allows an NFC application on an Android device to emulate a ‘smart’ payment card, which avoids the need for payment details to be uploaded to a SIM card.
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