Samsung Pay has recorded a net loss of US$16.8m since the mobile payment service was unveiled in March 2015, despite attracting approximately five million users in South Korea and the US in its first six months... More
Mobile payments platform PowaTag has been sold to a consortium led by entrepreneur Ben White, administrator Deloitte has confirmed, following news that its parent company Powa Technologies went into administration last month... More
The company behind the PowaTag mobile payments platform has gone into administration, the Financial Times reports... More
Visa has revealed it has a 9.99% stake of Class A shares in mobile POS provider Square... More
European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m... More
Wearable payments provider FitPay has closed a US$3.1m seed funding round led by Giesecke & Devrient (G&D)... More
Russian mobile payments startup PayQR has received an investment of 300m rubles (US$3.8m) from businessman Sergey Kozlovsky... More
A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre... More
PARTNER NEWS: Tokenization and mobile payments specialist Bell ID has been acquired by chip maker Rambus... More
Beacon manufacturer Estimote has raised US$10.7m in a Series A investment round led by Javelin Venture Partners... More
More than half of UK consumers (54%) are willing to authorise payments using biometric technology, research from Experian shows... More
New Yorkers will soon be able to pay for travel on the subway using an NFC device or contactless card following governor Andrew Cuomo’s signature proposal to redesign and renew 30 stations across the system. The plans also include introducing mobile ticketing systems that will let commuters purchase tickets on their mobile device. More
Contactless travel could be in place on every bus in Britain by 2022 under a multi-million-pound plan being developed by five major bus operators. Stagecoach, First Bus, Go-Ahead, Arriva and National Express are working together to produce a business case which is expected to be completed by late spring 2016. More
Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports... More
Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year... More
Indian payment services provider Citrus Pay has raised approximately US$25m from a consortium of new and existing investors... More
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications... More
Biometric identity solutions provider Tascent has announced a US$18.5m Series A funding round to build out its biometric technology platform... More
European mPOS company SumUp has announced €10m (US$11.2m) in funding from investors including BBVA Ventures and Groupon, taking the company’s funding total to €50m... More
Mobile payment startup PaidEasy has announced a seed round of funding valued at US$2m... More