Monitise has signed a partnership with Telefónica Digital to develop new mobile payment solutions for the Spanish telecoms giant’s customers. The deal comes less than a week after Monitise inked a similar deal with UK bank Lloyds. Telefónica counts 316m subscribers across 24 countries, operating as O2, Movistar and Vivo.
The new deal will initially be focussed on the UK and allow Telefónica Digital’s customers to use Monitise’s ‘Bank Anywhere’, ‘Pay Anyone’ and ‘Buy Anything’ products. Monitise allows small- and medium-sized businesses to accept mobile card transactions by offering its white-label system to banks and mobile operators and claims to have attracted some 20m worldwide users.
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.