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Baidu launches mobile payment app

Following in the footsteps of rivals Alibaba and Tencent, Chinese search engine Baidu has launched its own mobile payments platform. The new Baidu Wallet app is a payments, money transfer and wealth management service. Alibaba lauched its Alipay Wallet at …

Sean Ryan

Facebook plans mobile money service

Facebook is working on an international remittance service via mobile devices as part of its strategy to crack emerging markets, according to a Financial Times report. The social networking giant has discussed potential partnerships with mobile remittance specialists Azimo, Moni Technologies …