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Mobile payments partnership reached among European giants

05/29/201305/31/2013 Sam Lambert

Telenor and Telefonica have both signed on with Fortumo in a deal to reach 460 million consumers. The telecommunications operators, Telenor and Telefonica, from Europe, have boosted the reach of their mobile payments programs by 460 million users now that they have signed on with Fortumo, a firm that specializes in the service. This has helped to boost Fortumo’s position among the leaders in this very rapidly growing industry. The partnership among Fortumo, Telefonica, and Telenor will assist in providing direct carrier mobile payments billing services for an additional 460…

Mobile payments leaders battling it out in Europe

03/18/201303/16/2013 Jesse Collins

The three largest names in the sector have made themselves known as PayPal, Square, and Intuit. The mobile payments market in Europe is finally starting to experience some meaningful growth in Europe and the United Kingdom, and the biggest names in that industry are starting to find themselves in a fierce competition. For instance, Intuit Pay has now finally been launched in the U.K. for card transactions over these devices. This is a market in which Intuit had not previously had a standing, but where it has now given itself…

Mobile payments are struggling in Sweden

12/31/2012 John Montgallo

Estimates have shown that smartphone penetration in Western Europe has reached around 25 percent. The latest estimates from eMarketer have been released and they are showing that although 25 percent of Western European consumers have smartphones, mobile payments are still lagging behind in Sweden where penetration is higher. SBAB Bank data from August and September showed that penetration in Sweden is at 67 percent. However, even though Swedish consumers are more than twice as likely to have smartphones than their average European counterparts, mobile payments still aren’t picking up very…

Mobile payments service in EU expands into Spain

12/19/201212/19/2012 Jesse Collins

iZettle has announced that it will be expanding into its seventh European nation. The mobile payments startup out of Sweden called iZettle has released its latest mcommerce news, which has revealed its latest entry into a new country – in this case, Spain – in order to bring its services to small businesses there. There are now 7 different countries in the E.U. in which these smartphone transactions are accepted. Among the other nations in which iZettle is providing mobile payments service are Sweden, Germany, and the U.K. In November…

Mobile payments launched in the U.K. by iZettle

11/08/201211/07/2012 Stephanie Beck

The system implemented by the Swedish company has been compared to Square in the U.S. iZettle, a company from Sweden, has just announced that it has launched a mobile payments service similar to Square in the United Kingdom, and that it has now gone live for merchants to use. The service works with an app and reader device that plugs into a tablet or smartphone. iZettle is considered to be the main rival to Square in Europe as it expands into its second marketplace within the same number of weeks.…