PowaTag sold to investors

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




Alibaba to buy Paytm?

Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm... More



Apple iPhone NFC payments rumours reach fever pitch

Apple

MasterCard, American Express and Visa have all signed deals with Apple for the launch of a mobile payments service that will make use of an NFC chip built into the next iPhone, due to launch on 9 September, according to reports in a number of publications including the Financial Times, Bloomberg and Re/Code. More




EC extends Oscar deadline

The European Commission has prolonged the deadline for a decision on whether to give the go ahead to the UK carrier-led ‘Project Oscar’ NFC joint venture, Bloomberg reports... More


UK NFC JV heads to Brussels

Everything Everywhere, Vodafone and O2 will be submitting their plans for a UK-based NFC joint venture to regulators in Brussels next week, the Financial Times reports... More





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