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Google acquires Nest, O2 closes its Wallet, SMS usage falls... plus the rest of the week's mobile industry news

Podcast - 15th January 2014

This week's podcast starts with talk about money, as Google buys smart thermostat company Nest Labs while O2 UK closes its mobile Wallet product.

We're also looking at the decline of SMS text messaging in the UK, the end of the Cash4phones recycling business, an alleged security breach that wasn't what it seemed, mobile service on the Channel tunnel and the growth of 4G.

Author: The Fonecast
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Last week at The Fonecast: 13th January 2014

Arrivals, departures... and a little confusion

Mark Bridge writes:

Farewell for another year, dear old International CES. The Las Vegas-based consumer electronics show is but a fading memory as the mobile industry starts preparing for next month’s GSMA Mobile World Congress in Barcelona.

However, what happened in Vegas doesn’t stay in Vegas.

Author: The Fonecast
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O2 UK calls an end to its Wallet and Money Account Card services

O2 UK is closing its Wallet service on 31st March 2014, less than two years after first announcing it.

The O2 Wallet enables customers on any network to send money from an existing debit or credit card to individuals or to retailers, rather like the Barclays Pingit service.

Author: The Fonecast
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Consumers are expected to spend £430 billion by shopping via mobile devices in 2018

Juniper Research has published a new report that shows annual retail payments on mobile handsets and tablets are expected to reach $707 billion (£430 billion) worldwide by 2018.

This means mobile retail spending will account for 30% of all online purchases in 2018, compared with the $182 billion (15% of e-retail) spent last year.

Author: The Fonecast
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UK government contemplates allowing cheques to be 'paid in' by smartphone photo

The UK government says it’s launching a consultation in 2014 that could result in consumers taking photos of their cheques instead of taking the physical cheque to a bank.

As a result, the money could be in a customer’s account within two days rather than six.

Author: The Fonecast
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