NFC-fans believe the technology will become the standard format for mobile payments.

NFC-devotees believe the technology will become the standard format for mobile payments.

Officials at Canada's five biggest banks declined to comment on mobile payments.

In the United States, mobile payments face hardware obstacles and other hurdles.

The new initiative includes mobile payments projects, said Schultz, who declined to elaborate.

Maybe he meant services offered by companies strictly in the mobile payments business.

The company has expanded into other areas of mobile payments, with mixed success.

There were reports in April that Apple was hiring senior mobile payments experts.

The co-founder of mobile payments company Pushpay has resigned as its chief executive.

That trend is even more pronounced in the mobile payments space.

Go-Jek and Grab are also investing heavily in expanding their mobile payments platform.

What mobile payments can do is ratchet that up, says Horgan.

Apple has long held plans for people to use their iPhone for mobile payments.

Analysts added that PayPal faced a fight in the rapidly evolving mobile payments market.

Tencent does not disclose whether it is making money from its mobile payments business.

The mobile payments industry may have entered adolescence this week.