Category Archives: Mobile Remittance

FTC investigates PayPal’s Venmo

PayPal’s P2P payment service Venmo is under investigation by the Federal Trade Commission. PayPal has acknowledged the situation in an SEC filing: “On March 28th, 2016, we received a Civil Investigative Demand (CID) from the Federal Trade Commission as part of its investigation (more…)...
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Vodacom reviewing poor M-Pesa business

Mobile network Vodacom South Africa [JSE:VOD] is considering various options for its sluggish mobile money transfer service M-Pesa. M-Pesa enables customers – particularly unbanked users – to transfer money from person-to-person using mobile phone and text-messaging (more…)...
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M-Pesa revenues surge

Safaricom has reported a 24% jump in M-Pesa revenues to KES19.4 billion ($190 million) in H1 2015, as its active user base reached 15.7 million. Interestingly, the operator also revealed a breakdown of its monthly mobile money traffic. Of the (more…)...
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MoneyGram collaborate with Econet Wireless

MoneyGram and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The (more…)...
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