According to reports, Apple wants to incorporate mobile payments into the new phone.
The new eWallet will encrypt bitcoins after a purchase so no one can trace where and who it came from.
The bank plans to launch the device on Wednesday.
The additional funding has raised the value of the company to around $15 million.
Many mobile users believe that receiving personal messages does influence their decision on purchases, according to the survey.
According to the bank, the new app has the potential to reach almost 9 million consumers in Uganda.
Local deals and marketplace provider LivingSocial once had grand plans for an initial public offering, but Groupon’s IPO flop apparently altered that thinking. Now the struggling company is focused on making internal fixes, including selling off unwanted assets. Will the proceeds from those sales provide...
The start-up is hoping to use universities to attract retailers.
Paym plans to launch on Tuesday, however, many consumers are saying that they do not plan on using the app, according to a survey.
