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Tags / portugal telecom
Competition and activity continues to heat up in the mobile payments market. UK-based mPowa -- a mobile payments provider that, like Square and others, provides a dongle that merchants can attach to a mobile device to process card payments -- has signed a white-label deal with Portugal Telecom for the carrier to resell mPowa's services as the centerpiece of their own mobile payments solution.
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The European Commission has imposed fines of EUR66.9 million on Telefonica and EUR12.3 million on Portugal Telecom for agreeing not to compete with each other on the Iberian telecommunications markets.
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