Visa Europe says the adoption of NFC contactless payments has reached a ‘critical point’ across Europe.
More than 19 million transactions took place in March 2013, driving the total spend on contactless cards and smartphones equipped with a Visa payWave app to over €1 billion (£856 million).
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Spring in the air
Mark Bridge writes:
The past few days have seen the arrival of two familiar seasons. Not only has the sun peeked its head from behind the clouds in an approximation of Spring but the mobile industry has been releasing its quarterly results.
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Visa Europe is enhancing its mobile payment service with two new features: Multi-Currency and Immediate Payments. They’ll be available to any of the organisation’s member banks and payment service providers.
Immediate Payments is being launched in the UK this week, making it possible for consumers to receive money sent from other mobile phones in less than 30 minutes.
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Visa and Samsung have announced a partnership that combines Visa’s expertise in payments with Samsung’s mobile technology.
It’ll enable financial institutions to download payment account information to NFC-enabled Samsung devices via the Visa Mobile Provisioning Service.
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O2 UK has launched a new Mobile Point of Sale service that enables retailers to accept card payments on a smartphone or tablet.
The service, which is called mPOS, has been created in partnership with Visa Europe and Global Payments.
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