Turkish mobile operator, Turkcell, is launching a mobile wallet solution (view press release). The solution dubbed Turkcell Wallet, will allow consumers to buy goods and services in store or online via their smartphones. The solution is a SIM based application, meaning that transactions can be initiated through the SIM menu on phones, or with a native application on smartphone. In addition, it supports contactless payments through NFC-enabled phones.
Consumers can also bank via their mobiles, transfer funds, top-up their prepaid accounts and have access to mobile loyalty programmes. Turkcell customers can activate Turkcell Wallet by adding their cards with an SMS or by loading cash into their wallets through Garanti ATMs or Turkcell Communication Centres.
In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal.
The five fintech startups joining credit card company’s Capital One’s new fintech accelerator in Nottingham have been named, including Credit Kudos, Multisense, Pariti, Warwick Analytics and WealRo.
Europe continues to see rapid adoption of emerging payment technologies as consumers in digitally savvy countries like Sweden and the UK continue to drive adoption of methods like contactless across the region. In our latest infographic we take a look at what the latest numbers tell us about the evolution of payments in the region and what they tell us about the future of cash, cards and contactless.
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