Record $19.2B invested in mobile Internet in past 12 months – study

A report conducted by financial advisory and analyst firm Digi-Capital has revealed the mobile Internet industry has benefited from a record level of investment in the past year. According to the report, mobile Internet investment peaked at $19.2 billion (£12 billion) in the 12 months up to Q3 2014.

Millicom makes mobile money move

Telecoms company Millicom has stepped up its push to gain ground for its mobile money service in the east African country of Tanzania, home to 47 million people, as competition heats up between operators seeking to pounce on the boom of mobile money in three African nations.

EE NFC handsets compatible with London buses

UK carrier EE this week enabled its own flavour of NFC, dubbed Cash on Tap, for London’s bus network, allowing customers to use their phone in lieu of an Oyster card or contactless debit card. Users will need an EE handset and an NFC-capable SIM.

US mobile payment firm LoopPay wins Visa funding

Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.

Deutsche Telekom launches mobile wallet

German operator group Deutsche Telekom has launched a mobile wallet service in its domestic market. The operator also plans to extend the offering to further markets; to Slovakia in mid-May and in Hungary later this year.

Mobile money users reach 61 million

The number of active mobile money users has grown to 61 million in June 2013 from 37 million a year earlier, according to trade body the GSMA.

Vodafone launches MoneyGram to M-Pesa money transfer service

Operator group Vodafone has joined forces with global money transfer and payment services firm MoneyGram to enable customers in over 200 countries to send money to M-Pesa users. The two will initially launch in a few key markets in 2Q14 and plan to roll out the service to further markets during the remainder of the year.