Paypal has given a preview of the mobile payment technologies it will use to compete against rivals as it tries to woo physical retailers.
Two announcements this week have demonstrated how mobile money providers are looking at the concept of consumer trust as central to turning their mobile money businesses into mass market propositions.
A senior official of the National Payment Corporation of India (NPCI) has suggested that certain non-financial transactions such as balance enquires could be shifted from bank ATM machines to mobile phones. The NPCI is talking to mobile operators about using the unstructured supplementary service data (USSD) channel to inform users about their bank balances, according to Economic Times.
French payments venture Buyster launched its mcommerce service in its home market on September 13. The internet payment venture, which originally set itself a mid-2011 launch date, allows users to make purchases through both mobile and fixed connections.