Microsoft gets a mobile money license

Written by on April 8, 2015 in Snippets with 0 Comments

Not content to cede the realm of NFC-powered mobile payments to Apple and Google, Microsoft is in the midst of developing its own tap-to-pay service for Windows smartphones. Banking consultant Faisal Khan spotted an entry in the NMLS database that shows Idaho has given the Redmond-based company a license to transmit money.

Obtaining those licenses in each state is among the key steps Microsoft has to take before it’s authorized to handle money transfers. It’s not stopping with Idaho, either. Read the full story here.

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