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NFC mobile payments disappoint while money transfers boom

Adoption of tap-and-pay technology on smartphones has been a disappointment and has slowed growth of the overall mobile-payments market. But bright spots still remain for companies looking to provide mobile money services to consumers around the world, according to a report from market research firm, Gartner. In a report published Tuesday, Gartner said the value of transactions using a technology …

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Lenovo in talks with smartphone party for joint venture

Lenovo told its shareholders in a statement Tuesday that it’s in talks with a smartphone maker to engage in a possible joint venture. “The Board would like to inform the shareholders of the Company and potential investors that the Company is in preliminary negotiations with a party in connection with a potential joint venture transaction,” Lenovo wrote (PDF). “As at …

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