Norway’s Valyou mobile payments closes - lack of NFC-enabled payment terminals a major factor

Norwegian mobile payments service Valyou shuts down

From Finextra -

“Norwegian mobile payments service Valyou has been shut down, with owners Telenor, DNB and SpareBank 1 blaming a lack of NFC-enabled payment terminals and support from their fellow banks and telcos for their project's failure.

Explaining that "after careful consideration of all options Valyou’s owners have decided to wind down the company," a statement on the mobile money firm's site says that its app has been removed from Google Play and will stop working on 30 November.”

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Mobile payments come to London's black cabs

From Mobile Payments Today –

“London's black cabs fleet can now accept mobile payments thanks to a new app from Halio called HailoPay, according to a press release.

"The taxi industry is far from a cash-only, technophobic trade," Andrew Pinnington, CEO of Hailo said in a statement. "In the past four years, the Hailo app has facilitated mobile and card payments for almost 9 million journeys in London, and now, through HailoPay, all London black cabs have the ability to accept mobile payments for passengers hailing off the street."

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NFC Is a Bigger Tech Opportunity for Merchants than EMV

From Payments Source -

“EMV is far from being a new technology. In fact, European countries have been using EMV chip-enabled credit cards and processing terminals for nearly 30 years.

Despite all the noise around the recent liability shift deadline for merchants to become EMV compliant, this payment technology could soon become a thing of the past, especially as it faces consumers’ increasing adoption of new payment technologies such as Near Field Communication (NFC)-enabled devices and mobile payments.”

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