Reasons Not to Fear Mobile Money
Venmo, the little mobile payment startup that wants to take on PayPal, is now open to the public and eager to process some payments. But does that mean it's time to pay rent with your iPhone?
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About 80 percent of cell phone users in Kenya use mobile money, or payments by cell phone. Just over four years ago, nobody in Kenya was using mobile payments, according to World Bank.
Venmo, the little mobile payment startup that wants to take on PayPal, is now open to the public and eager to process some payments. But does that mean it's time to pay rent with your iPhone?
PayPal pulled back the curtain on their new mobile payments device on Thursday afternoon, surely the product of much sweat and tears from some design team. And goshdarnit: Everybody's making fun of it.
Even after plotting Square's year-long growth on a "sexy growth curve," Splat F's Dan Frommer is surprised by the company's success -- but he really shouldn't be.
After a week of hacks, Google's mobile payment system has lost more of its credibility as a safe payment option, making it just as vulnerable to money-theft as a regular-old bill folder.
After all the lengths Google went to assure us of Google Wallet's security, it turns out the mobile payments system stores a lot of unencrypted information on your smart phone's database.
As with all things Internet, the future of mobile payments is going to be fragmented, making the promise of a digital wallet on your phone a lot less exciting.
MasterCard and PayPal are testing phone payment systems that offer more than just
Twitter co-founder Jack Dorsey's new startup just raised $100 million
The former White House economic chief is joining the board of Square
An early PayPal employee jumped ship and took confidential information with him
Google is launching a mobile payment system to compete with Twitter co-founder's start-up
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