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Nigerias m-money services face major challenges

The size of the Nigerian market has major potential for the growth of mobile money …

Monitise doubles 2011 revenues; wants same in 2012

UK mobile banking and payment firm Monitise has reported revenues of £14 million in the …

US payments processor to enter m-payment market

US payments processor Payment Data Systems (PDS) is the latest competitor to try its hand …

Samsungs NFC pushes harder on payments than rivals

Samsung will introduce a software development kit (SDK) for the recently released  Bada 2.0, the …

Boku extends carrier billing to two more French operators

US payments provider Boku has launched its direct carrier billing service with French mobile operators …

Verizon Wireless to sell card reader in all its US stores

US cellular operator Verizon Wireless is to sell a credit card reader that turns a smartphone or tablet into a payments terminal across all 2,300 of its retail stores in the US. The announcement is a major boost both for hardware vendor Intuit in its competition with card reader rivals such as Square and Verifone but also for the technique of transforming devices into payments terminals with the addition of a card reader.

South Africas Altech buys into m-money market

South African group Allied Technologies (Altech) has acquired Eyenza Mobile Money, a firm that specialises …

Two more Square-like competitors launch

European start-up Erply has launched a new card reader that attaches to an iPhone or iPad so that retailers can scan details from credit cards and NFC-enabled phones.

Verifone mulls acquisitions in m-payments market

US manufacturer of payments terminals Verifone could spend up to US$1 billion annually on acquisitions says CEO Douglas Bergeron. The vendor is looking at one US$500 million to US$700 million deal a year, said Bergeron, plus a number of smaller acquisitions in the range of US$10 million to US$20 million, according to Bloomberg.

Nigerias central bank awards 11 m-money licences

The Central Bank of Nigeria has issued licences to 11 companies to offer mobile money services. The eleven are Fortis Money, UBA/Afripay, GTBank Mobile Money, Pagatech,eTranzact, Monitise, Eartholeum, Paycom, FET, Ecobank and Kudi.