Banglalinks mobile wallet service

Banglalink, the leading operator in Bangladesh, has won the International Association of the Money Transfer Networks (IAMTN) 'Best New Service' Award for Mobile Remittance services, powered by Comviva's mobiquity mMoney. Remittance inflows contribute $10 billion...

Western Union launches cross-border mobile money transfer service

Western Union and Vodacom Tanzania have launched a cross-border mobile money transfer service. With the launch of this service, friends and family members can visit one of more than 108,000 participating Western Union Agent locations...
Evolution of the global mobile wallet landscape

How do mobile wallets vary in different countries?

Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally. Mobile users can now do this through a number of different technologies,...

MMT still requires regulatory strengthening

Kenyan finance minister, Uhuru Kenyatta has said that mobile money transfers present enormous responsibilities and challenges to the government in terms of policy and supervision. 'On our part, at the Treasury, the Central Bank and...

RegaloCard reaches MMT milestone

RegaloCard (see MPW 142) says it has surpassed the number of Moneygram agent locations in El Salvador. The company claims to have invented a new product category - micro money transfer - allowing consumers...

Vodacom and Nedbank launch mobile cash service

South Africa's largest mobile phone group, Vodacom, is teaming up with Nedbank to deliver a phone-based cash transfer service, similar to Kenya's M-Pesa, according to Reuters. The product, also known as M-Pesa, will initially allow...

Celebrating 10 years of Banking the Unbanked

The mobile financial services community is celebrating 10 years of banking the unbanked. The world's first mobile financial service in a developing economy went live ten years ago in Africa. Launched by Celpay in...

Uganda mobile money users hit 9 million

Mobile money usage in Uganda tripled last year, with the number of users surpassing those of bank account holders. Charles Abuka, director for financial stability at the Bank of Uganda, said the number of...

MoneyGram to introduce MMT

In addition to MoneyGram's traditional money transfer network dominated by financial institutions, post offices and retail businesses, MoneyGram expects to add local mobile network operators as agents as part of its planned expansion into...

M-Pesa transactions rise despite higher charges

Kenyans defied a rise in mobile charges to make transactions worth Ksh139 billion ($1.64 billion) last month, new data from Central Bank of Kenya (CBK) indicate. This was a continuation of growth in use of...

Latest News

Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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