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Last week at The Fonecast: 19th March 2012

Mark Bridge writes:

Mobile financial services were making the headlines yet again last week. Not once. Not twice. No, we noticed at least three separate (and all pretty big) stories to talk about.

First came Nokia’s planned withdrawal from its mobile money service, which will leave around a million people in India looking for a new mobile wallet.

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PayPal Here promises to turn iPhones and Android devices into payment card readers

International payment service PayPal has launched a new service called PayPal Here, which allows small businesses to accept almost any form of payment. It includes a free app and free triangular card reader, turning any iPhone into a mobile payment device. An Android version is due in April.

The service has launched with a number of merchants in the United States, Canada, Australia and Hong Kong; general availability in those countries will follow next month.

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This week's mobile industry podcast: Netflix hits the UK... and much more

In today’s podcast we’re talking about Netflix arriving in the UK, Yahoo! picking its new CEO from PayPal, China Telecom setting up an MVNO, data usage growing and mobile payments taking yet another step forward.

You can listen to this week’s edition of The Fonecast on our website audio player, via iTunes, by subscribing to our RSS feed or by downloading the MP3.

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Yahoo appoints PayPal president Scott Thompson as CEO

Yahoo! Inc is appointing Scott Thompson as Chief Executive Officer with effect from Monday 9th January. Interim CEO Tim Morse will then resume his role as Chief Financial Officer.

The company removed Carol Bartz from the CEO role in October 2011.

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The tipping point for mobile wallets in the UK is five years away, says PayPal

According to a new PayPal report called ‘Money: The Digital Tipping Point’, 2016 will be the year when UK shoppers start using their mobile phones in earnest to pay for things on the high street with digital money rather than cash, cheques or cards.

UK mobile retail sales in five years’ time are expected to reach £2.5 billion with over 14 million adults regularly shopping via their mobiles.

Author: The Fonecast
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