The Mobile Wallet Report, 24 January 2014

The Mobile Wallet Report, 24 January 2014Activist investor Carl Icahn says PayPal should be split off from eBay as a separate business, MasterCard explains its plans for remittances, and Swedbank is to close its QR code payments service.

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  • Icahn proposes PayPal spinoff: Activist investor Carl Icahn says PayPal should be split off from eBay as a separate business, but management has three reasons why the two should stay together.
  • MasterCard explains its plans for remittances: “We are going to offer a broader set of services which includes helping consumers get money, or receive money, and obviously to do it in a form that is electronic,” says Michael Fiore, the payments network’s group head of personal payments and mobile products.
  • Swedbank to close QR code payments service: “Actors in the market, consumers, merchants and other banks have not embraced the Bart solution to the extent that was anticipated,” Carl Molinero, the Swedish bank’s head of mobile payments, tells The Mobile Wallet Report.
  • PLUS: Visa Europe on target to see 50% of transactions conducted via mobile in 2020, T-Mobile USA introduces Mobile Money service, Alibaba and Tencent back Mediatek’s Hot Knot NFC alternative, ETRI develops new device-to-device communication technology, and more…

Organisations mentioned include Alibaba, Apple, Axfood, BICS, Coca-Cola, Deckers Outdoor, Demandware, Descartes Biometrics, eBay, eServGlobal, ETRI, GNC, Goodix, HomeSend, iZettle, Jumio, Kadona, MasterCard, Mediatek, NearBytes, Paydiant, PayPal, Radius Networks, ShopperTrak, Societe de Transport de Montreal, Swedbank, T-Mobile, Tencent, The Jones Group, Verifone, Viableware and Visa Europe.

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This item is part of the Mobile Payments Knowledge Centre.