Money

MasterCard has taken a minority stake in C-Sam, the mobile wallet vendor. The credit card giant did not reveal the size of the stake or how much it invested in C-Sam.

Weve, the B2B m-commerce venture set up by the UK’s three largest mobile operators, will be delivering SMS-based advertising to customers of O2 and Everything Everywhere – the first step to becoming fully operational – by the end of 2012.

Korean mobile operator KT has launched a new mobile wallet called MoCa that enables subscribers to make point-of-sale payments via NFC, barcode scanning and QR codes. Online payments are available too.

Seven banks, all of whom are present in the Swedish market, have launched a new app that enables the country’s mobile subscribers to send money between bank accounts using only their mobile numbers.

A study has found that half (52 percent) of UK users with a NFC-enabled smartphone have used it for contactless mobile payments.

Square has updated its wallet app so that consumers can order gift cards using their mobile handsets, although the cards are only available for those businesses which process payments using Square’s card reader.

RBS will be the first financial institution in the UK to launch V. me, Visa’s digital wallet which enables users to make transactions through their smartphone, tablet or PC using only a user name and password.