Norwegian mobile payment service Valyou closes down

The Norwegian Valyou mobile payment service started by DnB and Telenor will be closed at the end of this month as a result of slower than expected activation of NFC enabled POS terminals and a much lower than expected end user uptake.

Delegates sceptical at Finovate London

Customers are busy and don’t have time to deal with slow banking services and processes. Instead, they want social media banking and more sophisticated personal banking, together with benefits that are convenient to them. This was the message of speakers at the Finovate conference in London yesterday – but not everyone in the audience was convinced about the ability of new technologies to realise that vision.