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The Register: Paybox scraps m-payment service

Drew Cullen reports on Paybox’s withdrawal from its m-payment service.

In a statement on its Web site, Paybox says it can see “no possibility for a single mPayment provider to develop the industry alone in the current industry conditions, especially amidst the discord between the other important market players (banks and telecommunications companies). The necessary growth and profitability can only be reached with many active market players, which have so far failed to appear.”

[Note: Russell Beattie pointed me to this item. Thanks Russ!]

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