0
Wireless

German banks cleared to start m-payments service

Thursday 13 April 2017 | 14:54 CET | News
Germany's competition regulator has cleared plans by major banks to form a new system for mobile payments. The Bundeskartellamt said it had no objections under competition law to add a new P2P payment feature to the online payment system Paydirekt, which would allow customers to transfer small amounts of money over mobile devices. Paydirekt is a joint venture of leading private banks, German cooperative banks (Volks- und Raiffeisenbanken) and organisations in the savings bank sector. The regulator said the new service could help improve competition in the sector, where market leader PayPal

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Volksbanken Raiffeisenbanken to launch m-payment service in summer of 2018

Published 01 Feb 2018 11:22 CET | Germany
The Deutscher Genossenschafts-Verlag (DG Verlag), the competence centre for services and products of the Cooperative Financial ...

Germany's Paydirekt appoints new board chairman

Published 13 Dec 2017 12:46 CET | Germany
German online payment processor Paydirekt has appointed Christian von Hammel-Bonten as chairman of its management board effective ...

Over half Germans use mobile banking apps

Published 25 Aug 2017 09:46 CET | Germany
Over half (56%) of Germans use mobile banking and the majority (59%) are satisfied with the services, according to survey by ...

Paydirekt adds P2P payments

Published 06 Jul 2017 13:25 CET | Germany
The German mobile payments app Paydirekt has launched a person-to-person payments feature. Customers can send money to a contact ...

More than one fifth of Germans use mobile banking apps

Published 29 Jun 2017 11:01 CET | Germany
Slightly more than one fifth (21%) of Germans older than 18 regularly uses mobile banking services with 12 percent using mobile ...

German m-payment users to grow to 29.1 million - study

Published 04 May 2017 16:47 CET | Germany
Mobile payment users are expected to grow by nearly 15 percent year-on-year to 29.1 million Germans older than 14 years in this ...

GSMA joins World Bank's Universal Financial Access

Published 21 Apr 2017 09:06 CET | World
GSMA joined The World Bank Group's coalition of partners committed to achieve Universal Financial Access (UFA) by the year 2020. ...

Duitse banken komen samen met P2P-betaaldienst

Published 14 Apr 2017 09:44 CET | Germany
De Duitse toezichthouder Bundeskartellamt heeft de grote banken toestemming verleend om een mobiele betaaldienst te lanceren. ...





Calendar   /   Industry Events

23 Jan Comcast Q4 2019
23 Jan Intel Q4 2019
23 Jan STMicroelectronics Q4 2019
23 Jan Skyworks Solutions fiscal Q1
24 Jan Ericsson Q4 2019
26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Dtac Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan CEM in Telecoms Global Summit
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Telenor Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Telia Q4 2019
29 Jan European 5G Conference
30 Jan NTT Docomo fiscal Q3
30 Jan BT fiscal Q3
30 Jan Amazon Q4 2019
30 Jan The Things Conference
::: More Calendar Items