Mobile transactions surge 200%, Mobile-Payment Market Battle for the Wallet, Philips takes on Apple's iBeacon, Safello a Swedish Bitcoin transactor, Payment News

Payment Industry News for today from our News Aggregation wing:

1. Chinadailyasia - Mobile - Enabling Technologies transactions surge 200%

Mobile payments accounted for about 3 percent of the total non-cash transactions in China in 2013. It may not seem like much, but paying through mobile devices is showing strong growth momentum with transactions rising more than 200 percent year-on-year, a central bank report said on Monday.

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2. Theepochtimes - The Mobile-Payment Market Battle for the Wallet

With hundreds of billions of dollars at stake, the mobile-payments market has become a battlefield, where companies launch mobile apps bombarding consumers with special offers, enticing them to make a switch. In a recent report, Gartner estimates that the mobile payment market will be valued at over $712 billion by 2017.

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3. Theverge - Philips takes on Apple's iBeacon with lights that send deals to your Smartphone

Philips is already one of the biggest names in smart light bulbs, and now it's beginning to test a new unit that could be even smarter. At a retailer in Düsseldorf, Philips is piloting a lighting unit that includes a built-in beacon that can relay location and product information to smartphones.

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4. Venturebeat - Safello, a Swedish Bitcoin transactor, rakes in $600,000, all hype aside

Don’t count Bitcoin down for the count. Just yet. Safello, a Swedish Bitcoin online processing exchange headquartered in Stockholm and targeting the European market, has received $600,000 in seed money and is moving aggressively into the controversial marketplace.

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