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Mobile payments in China forecasted to grow 45% in 2016

50% of smartphone users in China will make mobile payments by 2020 A total of 195.3 million mobile users in China will be making proximity mobile payments this year, an increase of more than 45% compared to the previous year, according to a recent study...

LatAm: AT&T looks to dominate mobile in Mexico

AT&T aims for top spot in Mexico's telecom market AT&T is preparing to become the leader in the Mexican telecom market over the next 10 years. Citing AT&T Mexico CMO Víctor Tiburcio, local paper Dinero reported AT&T plans to take the top spot from América Móvil. AT&T...

Softcard slashes workforce

Verizon, AT&T, T-Mobile US rumored to have pulled Softcard support Mobile payment platform Softcard looks to be experiencing some operational challenges, as reports claim the m-payment consortium has laid off up to 30% of its staff. According to Re/code, Softcard has let 60 employees go as...