Mobile payments “success” story, Square, in sale talks

Square Inc. mobile payments nfc technology

As the struggles that are faced by the company continue to grow, discussions of acquisitions grow. Square has been seen as a startup that has everything it takes to succeed, and while it has achieved international adoption and is among the most widely recognized brands in the mobile payments industry, it has been facing a rising number of struggles and there are now talks that acquisition could be in its future. The problem is that its cash is continuing to shrink while its losses continue to broaden. Reports are now…

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Mobile payments taking another big step into Nigeria

Mobile commerce Risks

VTNetworks is rolling out its mcommerce products to allow for purchasing transactions. The emerging marketplace of Nigeria is getting another shot in the arm for its mobile payments sector, with the announcement from VTNetwork that it will be rolling out its Vcash service across the country. This will allow people throughout the nation to use their smartphones to make purchases. According to Peter Ojo, the VTNetwork CEO, the intention to roll out the mobile payments service “became a reality following the final regulatory approval from the Central Bank of Nigeria.”…

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