23 July 2014

All mobile & online news

Woman with shopping bag

Amazon sneaks out wallet app

23 hours ago  |  2

Amazon has taken another tentative step into the world of offline commerce through the launch of a mobile wallet app where customers can store loyalty and gift cards.

Former Google Wallet chief Osama Bedier has turned up as a director at PayRange, a startup that builds dongles that can be attached to vending machines to enable them to accept mobile payments.

Westpac has become the first bank in New Zealand to trial a host card emulation-based mobile NFC payments service.

A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

Monitise and IBM have strengthened their alliance, working together to push mobile banking, payments and commerce technology to financial institutions around the world.

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

 

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