Payment Startup Stripe Gets $20M Funding

Online payment processing startup Stripe recently secured $20 million in a Series B round of funding led by General Catalyst. Stripe is based in California and provides a developer-friendly way for business to accept online payments. Read more… 

Telefonica and Visa Partner for Mobile Money Service in Europe

Visa Europe and Telefónica agreed a strategic partnership to unlock new business opportunities in mobile commerce in Europe. The two companies plan to launch several products and services such as a mobile wallet, NFC-based contactless payment services, and mobile point of sale solutions together. This is not the first partnership of a credit card company and a mobile carrier: Earlier this year Visa has teamed up with Vodafone and just recently Deutsche Telekom and MasterCard partnered for mobile payments. Read more…

UK Mobile Payment Joint Venture Project Oscar to Start Soon?

UK carrier mobile payment joint venture – formed by Orange, Deutsche Telekom, Vodafone and Telefonica – Project Oscar could get regulatory approval this summer. The operators want to create a platform that enables retailers and banks to offer a mobile payment solution to their customers. Read more…

Mobile POS Payment Service Streetpay Partners With E-Plus

German mobile payment company Streetpay joins forces with Germany mobile carrier E-Plus to promote and distribute its mobile POS payment service. Streetpay offers a Square-like mobile payment service in Germany. As of now, E-Plus will be offering a complete mobile POS package: the Streetpay card reader, the Streetpay App, and a tablet together with a data plan. The package is available for €15 per month and a one-time activation fee of €45. Streetpay charges 2.75% for each swiped transaction. Read more… (in German)