Mobile payment system provider DigiMo has announced a new platform that provides what it describes as "the first true mobile payment solution".
The service can be offered by online companies, credit card providers or mobile operators. Consumers would simply register for the service online, providing their mobile phone number and payment details. They'd then be given a PIN to use when paying at participating retailers.
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It’s reported that Israeli mobile phone manufacturer Modu is making most of its 30 employees redundant after unsuccessfully trying to raise money. The company, which makes modular mobile phones, recently announced the lightweight Modu T.
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