Category Archives: Mobile Remittance

Azimo enables instant M-Pesa mobile money transfer service

Azimo, the online money transfer service, has announced that customers across Europe can now send money instantly to the mobile “eWallets” of M-PESA’s 19 million subscribers in Kenya. Kenya boasts one of the highest global rates of mobile banking, with around 60% of all Kenyans sending or receiving money via their smartphone. Between January and February 2013 almost 100 million ...
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Easypaisa hits 6 million monthly users

Celebrating the fifth anniversary of Easypaisa, Telenor talked up how embedded the mobile money service has become in Pakistan’s economy, attracting six million users every month. The operator, which launched service on 15 October 2009 in partnership with Tameer Micro Finance Bank, claims to be the financial service with the most outlets in the country, with 50,000-plus Easypaisa shops in ...
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Mobile money transfer gains momentum

As mobile money transfer services like Pingit and Paym gain traction, how will mobile remittances help drive mobile commerce? With all the focus on mobile payments and wallets, and the success of mobile-based money transfer services like Barclays Pingit and Paym in the UK, the spotlight is being shone on the potential of these account-to-account transfer services to bring about ...
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Orange partners African banks to extend mobile money services

Orange has agreed partnerships with African banks to expand its mobile money services across the region to try to match the popularity of Vodafone’s M-Pesa. The French telecoms group has struck a first deal with Bank of Africa that will allow customers to transfer money between their Orange Money account and their bank account with a mobile phone. A similar deal is ...
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Amazon kills P2P payments service

Amazon shut down its WebPay service, saying that the P2P payments service for money transfer  is not good enough to keep going. For several years, WebPay has let Amazon Payments users send, receive, and request money by entering a contact’s email address and the sum on a webpage. But with Google, Square and PayPal among the big guns offering similar ...
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Airtel Africa move $2bn in mobile money transactions in Q1

Bharti Airtel used Q1 numbers to highlight how its African subscribers have taken to mobile money with enthusiasm. “Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has grown by 12.1% in constant currency terms, with exceptional performance in Mobile Data (+85.5%). Airtel Money transaction values have increased by 4.9 times to $2.2 ...
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Daily mobile transactions rise to $71m in Kenya

Kenyans are transacting Sh6.2 billion ($70.49m) daily through mobile phones, Central Bank of Kenya has said. This is a rise from an average of Sh5.2 billion last year, underlining growing confidence in mobile money and cashless transactions. “The growth has been phenomenal.  It has become an important platform for financial services,” said CBK governor Njuguna Ndung’u in a recent presentation ...
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The rise of mobile wallet-to-wallet cross-border remittance services

New MNO wallet-to-wallet international remittance services have launched over the past few months. Until recently in the mobile money industry we have seen a number of MNOs partnering with traditional MTOs (money transfer operators) to facilitate international remittance payments. But now breaking away from this mould are new services recently launched by Tigo, Orange, MTN and Airtel across Sub-Saharan Africa, ...
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Mobile money use on the rise in Africa

Despite the slow take off of mobile money services in West Africa relative to other regions on the continent, operators in the area are beginning to report signs of success. Last month, Orange confirmed the 10 millionth customer for its mobile money service, which started in 2008 and is now available in 13 countries, five of which are in West ...
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Fidor signs Ripple for P2P money transfers

Fidor Bank has become the first the bank in the world to utilise the Ripple protocol for sending real-time money transfers. San Francisco-based Ripple offers a decentralised order book relying on open-source peer-to-peer payment protocols to speed the transfer of financial information. Fidor plans to use the Ripple network to provide customers with faster and more affordable money transfer services ...
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