PayPal letting Google phones swap cash

Online financial transactions giant PayPal on Wednesday showed off a mini-program that lets people exchange money by touching together a pair of Google smartphones.

Google turning smartphones into wallets: source

Google on Thursday will launch a mobile payment platform that lets people use smartphones to pay at shops as easily as they use a credit card, according to a source familiar with the matter.

Five billion people to use mobile phones in 2010: UN

The ranks of cell phone subscribers will swell to five billion people this year thanks to the growth of smartphones in developed nations and mobile services in poor nations, a UN agency said Monday.

Digital finance doesn't reduce inequality; it perpetuates it

A new paper in Oxford Open Economics, published by Oxford University Press, indicates that, while digital financial services are often proposed as a vehicle to lower inequality, the cost and infrastructure barriers to accessing ...

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