Google has acquired the technology from mobile wallet company Softcard, which it will be combining with its Google Wallet service in the USA.
It means that customers buying an Android phone from AT&T Mobility, T-Mobile USA and Verizon Wireless will have the Google Wallet NFC payment app pre-installed.
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Mobile payment provider iZettle is introducing a free Chip & PIN card reader.
The device will plug into a smartphone or tablet, enabling the user to take payments via credit card or debit card.
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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.
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Over 2 billion mobile phone and tablet users will make some form of mobile commerce transaction by the end of 2017, according to a new report from Juniper Research.
That’s up from an anticipated 1.6 billion people this year.
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The GSMA has launched a Code of Conduct for Mobile Money Providers.
It includes common business principles that are designed to enable the development of safe and responsible digital financial services.
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