MOBILE PAYMENTS NEWS ON FASTMOVING

Mastercard unveiled its bid to dominate the mobile payments market on Monday with a ‘virtual wallet’ allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store to pay. read more

Apple Inc. is experimenting with the design of a device similar to a wristwatch that would operate on the same platform as the iPhone and would be made with curved glass, the New York Times reported on Sunday. read more

Businesses in East Africa have experienced rapid growth over the past few years due to the increase in the options of payments; and wallet accessibility through mobile money transfers and mobile banking. read more

The value of remote transactions for digital and physical goods purchased via mobile devices is expected to exceed $730 billion annually by 2017, a new report from Juniper Research has found. read more

A group of big retailers that includes Wal-Mart Stores, Target and Japan's 7-Eleven is developing a mobile payment network, adding to the proliferation of options that let consumers pay with smartphones. read more

Motorola Solutions has released a report that shows an increasing interest from retail, hospitality and field service industries for mobile Point of Sale (mPOS) solutions as a core strategy for improving customer service read more

MasterCard on Thursday announced a new structure for its Middle East and Africa business, spurred by continuous economic development, steady population growth, a stable outlook and a large pool of young consumers entering the workplace each year. read more