Visa is gunning against MasterCard’s PayPass, PayPal, Square and others to become consumers’ default digital wallet for online and mobile payments, and today it’s announcing two pieces of news in that strategy: it is adding PNC as its first U.S.
Visa believes that by 2020 more than half of all payments made in Europe will be done through mobile devices, so it is continuing to put more investment into how it will remain a central part of those transactions.
As if there wasn’t enough going on in the mobile payments space already, what with NFC, dongles, wallets and cloud apps. Now payments company MasterCard and ING Group have teamed up on a payment trial that mixes mobile and Internet payments to support shopping scenarios involving a mix of devices.
Written by: Peter Dinham | Published in: MarketThere’s huge potential for further growth in mobile payments over the next few years, with only 2.1 percent of mobile users currently making m-payments, in a global payments market where debit cards continue to take marketshare away from credit cards.
Russian mobile payments startups 2can similar in operation to Square and iZettle (accepts payments from Visa and MasterCard cards through a mobile card reader connected to a smartphone) has raised a $5 million Series B round of funding led by InVenture Partners with participation by Almaz Capital Partners and ESN Group.
Pandora has fully launched in Australia and New Zealand, the only two places outside of the U.S. where the service is available in its entirety, with the addition of mobile access via iOS and Android apps today.
Menlo Ventures said today that Karl Mehta, the tech entrepreneur perhaps best known for founding virtual goods monetization startup PlaySpan and leading it as CEO through its $190 million sale to Visa, has joined the Silicon Valley venture capital firm as a partner.
According to Mehta’s LinkedIn, he stayed on at Visa as the CEO of PlaySpan for two years post-deal, leaving the company just la