October 17, 2011
Google Wallet and the New Payment Ecosystem
When the Google Wallet launched on September 20, 2011, the first test of a remarkable new financial ecosystem began. But despite the apparent success of traditional mobile payments products like M-PESA in Kenya and South Africa, Google and rival Isis have decided to rewrite the business model – and for good reason.
PaymentOne launches mobile payments portal
US-based mobile payments company PaymentOne has rolled out the One Care initiative designed to allow consumers to manage their mobile payment transactions.
PaymentOne’s One Care is set to establish merchant marketing guidelines and investment in new IT systems that allow consumers to better manage their mobile transactions.
Western Union expands Online FX and Online FX for Mobile services to France, Germany, Ireland and Italy
Global payment services Western Union Company has expanded its Online FX and Online FX for Mobile services to clients that make bank-to-bank payments from France, Germany, Ireland and Italy.
The Online FX service is set to enable small and medium enterprises in these countries to pay their global suppliers online and from their mobile devices.
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