Valyou NFC technology based mobile payments is packing it in

Mobile Payments NFC Technology

The smartphone based wallet which is headquartered in Norway has now decided to call it quits. The Norwegian mobile payments service called Valyou will now be shutting its doors as its owners, DNB, Telenor and SpareBank1 have agreed that there simply are not enough NFC technology enabled terminals at merchant checkout counters to make the effort worthwhile. The owners have also agreed that other telcos and banks have not offered the support they had expected. The contactless mobile payments service used NFC technology to allow consumers to be able to…

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Mobile payments partnership reached among European giants

mobile payments credit card

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…

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Operators in Sweden prepare to take part in the trend for joint ventures in m-commerce


Mobile providers in Sweden have announced the start of their search for a CEO for a company that will offer a unified mobile payment platform. All four of the large mobile network operators in Sweden have entered into the joint venture with equal parts in order to be able to provide consumers in the country with the ability to make mobile payments by the summer of 2012. The venture has yet to be named, but is a combined effort among Telenor, Tele2, Telia, and the Swedish branch of 3. The…

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