Tag: telefonica

New partnership in Spain may boost mobile commerce

| June 9, 2013

Telefonica launches new venture to promote mobile commerce in Spain

Telefonica, a leading Spanish telecommunications company, has announced a new partnership with CaixaBank and Santander in order to create a joint venture that aims to develop a new mobile banking solution that include launching a mobile wallet service for consumers. Mobile commerce has been showing strong growth throughout Europe, leading many telecommunications companies to make their way into this space in order to meet the changing needs of consumers. Banks have also been taking note of this trend and have been following in the footsteps of telecommunications companies.

Joint venture may be the largest of its kind in Europe

Telefonica claims that its new joint venture is the largest of its kind in Europe and suggests that the endeavor will help make mobile commerce more common in Spain. The initial stages of the joint venture are meant to target more than 600,000 businesses in Spain, offering these businesses various mobile commerce services that will allow them to engage consumers in a more dynamic way. The joint venture will eventually see international expansion as it becomes more popular.

mobile commerce partnership spainMobile wallets are gaining consumer support

The mobile wallet associated with the joint venture will serve as a platform to allow consumers to make mobile payments for goods and services. It will also facilitate person-to-person money transfers. Mobile wallets have been growing in popularity among consumers as they offer a convenient way to store and use financial information without having to deal with a variety of plastic cards or cash. While mobile wallets have been met with modest interest in the U.S., European consumers have proven to be more accommodating of these applications.

Telefonica continues to support mobile commerce

Telefonica has experience in the field of mobile commerce and CaixaBank and Santander are not the first banks to partner with the telecommunications company in this field. Telefonica has been one of the chief supporters of mobile commerce in Spain for the past few years and has been working aggressively with many banks and financial service institutions to develop convenient platforms for consumers.

New mobile commerce platform to launch in Ireland

| May 22, 2013

Mobile Commerce IrelandStripe aims to bring mobile commerce to Ireland

Stripe, a payment processing company, has been working on a mobile commerce platform recently and has plans to launch this platform in the coming months. The first market that will receive access to the Stripe platform will be Ireland, where mobile commerce has been attracting a significant level of attention over the past several months. Ireland will serve as a launch platform for Stripe before it moves into other markets throughout Europe.

European consumers demanding new platforms

European consumers are beginning to grow more comfortable with the idea of mobile commerce. The proliferation of smartphones and tablets has made it exceedingly easy for these consumers to get involved in online shopping. Companies like Telefonica, for example, are making a strong push to promote mobile commerce among consumers, but comprehensive platforms like Stripe are needed in order to ensure that consumers have a way to make mobile payments.

Stripe could be popular with businesses

The Stripe platform is not only designed for consumers, as it can also be used by companies that are interested in mobile commerce. The platform allows these companies to accept mobile payments from any platform, whether it be a website, mobile device, desktop, or tablet. This could be a well received tool in the retail sector as many companies have been seeking out new platforms that can help bolster their mobile commerce performance.

Stripe to face major competition

Though Stripe may have strong ambitions and the backing of powerful investors, it will still face strong competition in the mobile commerce space. Large companies like Square and Barclays have been pushing their way into this market, establishing a dominating presence therein. If Stripe can find a foothold with consumers and businesses, it may become Europe’s next mobile commerce phenomenon, effectively exposing many consumers to the idea of mobile payments.