Luxembourg-based provider of hub-based mobile communication services, MACH, has been selected by Skype to provide a new mobile payment option. Skype Credit will be initiated in Russia using MACH’s direct operating billing service with the US and Canada to follow. MACH’s Direct Billing Gateway provides an operator billing service for mobile applications.
The new payment option allows Skype users to purchase Skype Credit through a browser-based transaction via mobile phone. The transaction can be paid for as part of the user’s monthly phone bill or a pre-paid mobile carrier account balance. The rollout of this billing initiative in additional countries will continue throughout 2013.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.