Telenor-backed Valyou closes down after one year

first_img Previous ArticleComptel debuts app to drive operator data revenueNext ArticleMicrosoft delays launch of tool that would bring Android apps to Windows Tags Valyou boosts reach with Western Union deal Probe underway into $3.3M fraud at Telenor bank Related Jazz, Telenor agree Pakistan wallet tie-up HomeMoneyNews Telenor-backed Valyou closes down after one year Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more center_img Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 18 NOV 2015 TelenorValyou Money Valyou, a contactless mobile payment service in Norway whose backers include Telenor, blamed the slow introduction of NFC-enabled point-of-sale terminals and a lack of support by other operators and banks for its demise.The firm announced its decision to close down operations on its website, allowing existing users to continue paying in stores until 30 November.In addition to Telenor, Valyou is backed by two banks, DNB and SpareBank1 Group. But the failure to find more supporters was key to its demise, as was the lack of contactless infrastructure in shops and restaurants. The service launched in November 2014.Nevertheless, the partners were defiant that NFC was the correct choice of  technology, and pointed to Apple and Samsung’s similar approach as evidence they were on the right track (although Samsung also uses magnetic secure transmission, MST, technology for exactly the reason it is concerned about a shortfall in NFC coverage).The statement on Valyou’s website went on to admit, while its users liked the service, the general market is not ready for this kind of solution.After 30 November, all virtual bank cards in users’ wallets will be automatically deleted by their banks. Users have already received a SMS to this effect. And the Valyou app is no longer available in the Google Play store. Richard Handford last_img read more

AAL handles shiploader

first_imgThe largest component of the shiploader was over 66 m long and weighed 250 tonnes. Once assembled and operational, it will increase the terminal’s shipping capacity and allow for the loading of post-Panamax ships.The shiploader was transported from China on AAL’s Pacific Service between Asia and North America on board the shipping line’s AAL Singapore.Responsible for the logistics and planning of the shipment was Ontario-based Convoy Logistics Providers (CLP). CLP was appointed by EMS-TECH, who designed and commissioned the shiploader.Felix Schoeller, general manager of AAL’s Pacific Liner Service reported that the consignments consisted of a newly manufactured shiploader, dock conveyor and transfer tower – part of a wider infrastructure development that will boost grain throughput by millions of tonnes a year.  www.aalshipping.comThe largest component of the shiploader was over 66 m long and weighed 250 tonnes. Once assembled and operational, it will increase the terminal’s shipping capacity and allow for the loading of post-Panamax ships.The shiploader was transported from China on AAL’s Pacific Service between Asia and North America on board the shipping line’s AAL Singapore.Responsible for the logistics and planning of the shipment was Ontario-based Convoy Logistics Providers Ltd. (CLP). CLP was appointed by EMS-TECH, who designed and commissioned the shiploader.Felix Schoeller, general manager of AAL’s Pacific Liner Service reported that the consignments consisted of a newly manufactured shiploader, dock conveyor and transfer tower – part of a wider infrastructure development that will boost grain throughput by millions of tonnes a year.www.aalshipping.comwww.ems-tech.netwww.convoylogisticswww.aalshipping.comwww.ems-tech.netwww.convoylogistics.calast_img read more

CPL wants top players to take pay cut

first_imgThe Hero Caribbean Premier League (CPL) is asking the top players to accept less money for the 2020 edition. An EspnCricinfo report yesterday said, “The competition will be played, subject to (TT) Government approval, behind closed doors with the top-paid players expected to accept a salary cut of up to 30 per cent when compared to 2019 levels. There will be no salary cut for players below the US$20,000 bracket.”Players who normally earn US$160,000, $130,000, $110,000, $90,000, $70,000, $60,000, $40,000 and $30,000 would be asked to accept a 30 per cent cut, and players who would have made US$20,000 will accept a ten per cent cut. Players in the $15,000 bracket or less will not receive salary cuts.CPL organisers are hoping to stage the competition in TT between August 18 and September 10.last_img read more