Apple’s New iPhone to Support NFC-based Mobile Payments
According to 9to5Mac the next generation iPhone prototype features a NFC chips and antenna that can be used for contactless payments. With a NFC-enabled phone, the recently announced Passbook app can become a full-blown mobile wallet including contactless payments. It looks like Apple is set to compete with Google Wallet and the new Windows Mobile Wallet service.
Swedish Operators Launch Mobile Payment Service MyWallet
The four major mobile operators in Sweden – Telia, Tele2, Telenor and 3 – have joined forces and launched MyWallet, a mobile payment service that is available to almost all mobile phone users in Sweden. MyWallet is the first mobile payment service of this kind in Sweden. With MyWallet users can initiate person-to-person transactions, top up their prepaid card, pay for online purchases and buy tickets for public transport.
B2B Online Payment Startup Traxpay Raises $4M
Germany-based B2B payment provider Traxpay has received a $4 million investment led by Earlybird Venture Capital. Traxpay provides an real-time payment solutions for enterprises. The funding will enable Traxpay to continue its growth in Europe and prepare for its expansion into the United States. Jason Whitmire, Partner at Earlybird commented: “Online B2B payments represent a nearly $250 billion market with many inefficiencies, and we think it is a massive opportunity for innovation. Traxpay’s unique blend of enterprise software, payments and banking expertise will deliver one of the most disruptive technology solutions since Paypal reshaped the B2C payments market.”