Tag: mobile money

Your mobile is the wallet of choice

Posted on July 13, 2011July 13, 2011 by Ewan Spence

Of the 2400 mobile visitors to m.myxer.com that we surveyed, 53% responded that they had made a purchase from their mobile phone. The largest group, 19%, said they made between 2 and 5 purchases a month. Surprisingly, 16% said that they make more than 10 purchases a month. That’ a nice big sample size, and over half of them are confident to use their phone to buy stuff. Even allowing for a self-selection bias, that’s promising news for a lot of start-ups out there. And Paypal.

Square racks up the credit bill to take on the credit cards

Posted on June 29, 2011June 29, 2011 by Ewan Spence

There’s something delightfully old school and twisted about Square grabbing as much VC capital as possible – another $100 million today, valuing them at over $1 billion - knowing that the cash is effectively a loan which will have to be paid back (via IPO or a sale) in the future with a lot of return. That’s a huge APR to take on board just to challenge the credit card companies in their own backyard.